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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 previews secretive car with gorgeous butterfly doors

Earlier this month, Henrik Fisker announced plans for a 400-mile electric car that would follow up on the failed Fisker Karma. Fisker recently took to Twitter where he posted a picture of a mysterious vehicle with magnificent dihedral (also known as butterfly) doors. This, then, is our first look at Fisker's upcoming electric vehicle. So far, everything looks good. Besides the dihedral doors, there's not much to go off of. Dihedral doors aren't new, as McLaren uses the units on its entire range (as do other cars, mainly exotics), but the rear-hinged ones are unique. We've seen suicide doors and falcon doors on four-door vehicles, but no rear-hinged dihedral ones intended for production that we can recall. According to Fisker, the upcoming model uses the fancy doors for better ingress and egress. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Other than the nifty doors, the front fascia has what looks to be LED accent or running lights on the side, while the rear taillights are also LED units. As Fisker claimed earlier this year, the upcoming electric car will be a "spiritual successor" to the Karma and that shows in the profile of the car, although the teased car has shorter front and rear overhangs. Fisker hasn't released a lot of information on the upcoming vehicle, besides that it would be "sporty and spacious." The outline of the vehicle definitely looks sporty, but there's no way to say if it's spacious from the one image. The new vehicle will be Fisker's first under his new company called Fisker Inc. The battery technology for the vehicle is currently being developed at UCLA, by the company's own battery division known as Fisker Nanotech. The vehicle is expected to be revealed late next year. Related Video: News Source: @FiskerOfficial Design/Style Green Fisker Electric Future Vehicles Sedan Henrik Fisker nanotech fisker inc

New Fisker ready to reopen in California?

We've reported extensively about Tesla Motors developing its massive Gigafactory in the hinterlands near Reno, Nevada. Now, reports are coming out that the most recent incarnation of Fisker Automotive will build a factory about halfway between Los Angeles and Palm Springs. There's lots of land left out there for any other aspiring plug-in automakers. Fisker, which is now owned by China-based Wanxiang, already has offices in Costa Mesa, CA, and employs about 200 people there, according to the Orange County Register. Now, Fisker will build a 556,000-square-foot plant in Moreno Valley, CA, which is about 60 miles east of Los Angeles proper. The factory will employ about 150 people who will restart the brand with a model said to be called the Elux. The Register didn't get any details on when we could expect to see new Fiskers on the road. As for the old ones, Fisker last month debuted thenewfisker.com, a support site parts and service for owners to "elevate" the expensive and sporty extended-range Fisker Karma electric vehicles. Wanxiang bought Fisker out of bankruptcy early last year for $149.2 million. Fisker went bankrupt in 2013, a year after halting production on the Karma. In all, about 2,600 of those plug-ins were produced. Related Videos: