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Judge rules Fisker assets will be auctioned in February

The Fisker Automotive saga will continue until at least next month, now that a bankruptcy court judge has ruled that the automaker's assets will go up for auction in February instead of being acquired flat out by a Hong Kong investor. Wanxiang Group, which owns A123 Systems, is competing with Hybrid Tech Holdings LLC for Fisker. The judge says Hybrid Tech, which holds debt on Fisker, can't use any more than $25 million of that debt as part of its bid for the California-based automaker, according to Bloomberg News. Hybrid Tech is run by Richard Li, son of Li Ka-Shing, Hong Kong's wealthiest man, and the company bought Fisker's loan from the US Department of Energy. Fisker's line of credit from the DOE was originally for $529 million, but 'only' $192 million was drawn down before the government shut that spigot off. Wanxiang Group bid $25.8 million (plus assumed debt) for Fisker in late December, then increased its offer to $35.7 million earlier this month. Wanxiang Group acquired most of the assets of lithium-ion battery maker A123 Systems in 2012, and Fisker has maintained that Wanxiang hastened Fisker's demise by holding off battery deliveries. Fisker shut down production of its extended-range plug-in Karma in 2012 and filed for Chapter 11 bankruptcy last year.

Henrik Fisker reveals the face of his upcoming electric vehicle

Henrik Fisker, once again, took to Twitter to release another image of his new company's, Fisker Inc., 400-mile electric vehicle. This time, the Tweet revealed the front end of the upcoming car. The picture, which has the patina of old video game CGI, hints at a design more likely to be seen on a Matchbox car instead of an actual street-legal vehicle. According to Fisker, the front of the car is heavily influenced by aerodynamics. Besides the grille-less front end, a feature also found on the refreshed Tesla Model S, the vehicle is fitted with adaptive LED headlights, as well as a centrally-located radar and camera sensor combination. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. A few days ago, Fisker Tweeted out a side profile of the vehicle with its gorgeous dihedral doors. It was a promising tease for the rest of the design. But the reptilian front end looks doesn't really do anything for this writer. It's almost hard to believe that the same man that created this vehicle also designed the Aston Martin DB9 and Aston Martin V8 Vantage. The upcoming electric car from Fisker Inc. is meant to serve as a "spiritual successor" to the now-dead Fisker Karma (and resurrected as the Karma Revero). Other than revealing that the vehicle will have butterfly doors, Fisker stated the car will be "sporty and spacious" and not much else. The new car, which is expected to come out late next year, will be the first for Fisker Inc. and will have battery technology from the company's own division – Fisker Nanotech. Related Video: News Source: @FiskerOfficial Design/Style Green Fisker Electric Future Vehicles Sedan Henrik Fisker nanotech fisker inc

Fisker teases Ronin GT four-door before August 3 investor day

Fisker feels it's far enough along in the automaking process and has enough product in the near-term pipeline to hold an investor day. That will come on August 3. Whetting appetites, the CEO teased the Ronin GT that's been in the works for years. We believe this is an evolution of the Fisker EMotion that Fisker talked about in 2018, then a coupe with novel butterfly rear doors, a 400-mile estimated range, and a price around $129,000. What we're seeing now has come out of the Magic Works outpost set up in England and run by Aston Martin's former head of special projects David King. Henrik's caption with the Instagram tease was, "Fisker Ronin, All Electric super GT! Reveal August 3rd! Super fast & space for 5! The ultimate long distance Grand Touring car with an anticipated range of 600 miles!" This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Fyi, that's 600 miles of range on the WLTP cycle. Plenty of distance still, although it's a small climb down from the targeted 660 miles of range we heard about in May 2022.  Fisker only calls this an electric grand tourer in the Insta post. On the Fisker site, the car is called "the world's first all-electric, four-door convertible, GT Sports Car." There's a shut line across the roof, placed where the absent B-pillar would otherwise make itself known. Another shutline separates the center panel from the C-pillar, just where one would expect a three-piece hardtop to separate so that it can fold into the trunk. Assuming this comes to pass, the Ronin will be the first and last entry in the four-door convertible GT market in the U.S., and the only genuine hardtop convertible on sale here (as opposed to the targa setups on cars like the Chevrolet Corvette and McLaren 750S).   In terms of specifications, all that's been announced is that the Ronin will offer "extremely high levels of performance" and serve as "a showcase for [Fisker's] internal engineering, powertrain and software capabilities." The vehicle battery's been integrated into the structure, and active aero is going to play a part. The company's promised to keep the price below $200,000.     Investor Day will also show the production Fisker Pear city vehicle, and we hear the Alaska pickup, based on the Ocean, might make a cameo. Fiskerati reports Fisker having said of the pickup, "that’s really our take on a very unique super sporty pickup truck.