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Henrik Fisker teases more pictures of the EMotion EV

Luxe-green-vehicle pioneer Henrik Fisker said earlier this week that he will unveil a prototype of his EMotion electric vehicle this summer. He also reiterated that the car will have at least a 400-mile single-charge range. And he tweeted an image showing off the sedan's dihedral (also known as "butterfly") doors. The car is expected to start sales sometime next year. Fisker followed up that tweet with another noting that the car's carbon and aluminum structure will cut the EMotion's weight relative to similar vehicles by 20 percent. He also touted the vehicle's "extreme low hood," which will certainly help aerodynamics as well as the car's sportiness. Fisker started teasing images last fall, subsequently noting that the car will have a top speed of 161 miles per hour and adding that the car will be roomier than its sleek profile would suggest. As for the unveiling timetable, the EMotion's debut as a prototype would take place about a month after Tesla's planning to start deliveries of its Model 3. A cool summer indeed. Fisker is better known among green-car aficionados as the founder of Fisker Automotive. That company made the high-end extended-range plug-in vehicle Karma, which was favored by such luminaries as Leonardo DiCaprio and CeeLo Green. After the company went bankrupt in 2013, its assets were acquired by China-based Wanxiang, and the company has been relaunched as Karma. That automaker's four-door Revero extended-range plug-in, which is estimated to be able to go as far as 50 miles on electricity alone, is also scheduled to debut this year, with an MSRP of about $130,000. Related Video: News Source: Henrik Fisker/Twitter via InsideEVsImage Credit: Henrik Fisker/Twitter Green Fisker Hybrid extended-range plug-in henrik

Recharge Wrap-up: VW CEO mulls battery factory, voters approve $201B in transportation funding

Volkswagen Group CEO Matthias Muller says that it would "make sense" for the automaker to begin producing its own batteries. As the company moves toward electrification, Muller says it would be a smart move to build a battery factory. "If more than a quarter of our cars are to be electronic vehicles in the foreseeable future then we are going to need approximately 3 million batteries a year," he says. Volkswagen has agreed to cut 30,000 jobs in its restructuring, while committing to creating 9,000 jobs in Germany through battery manufacturing and mobility services. Read more at Automotive News Europe. Election results show a desire for transportation funding. Earlier this month, voters in 22 states approved ballot measures adding up to $201 billion in funding for transportation projects, according to the American Road & Transportation Builders Association. California passed 15 transportation measures, including one in Los Angeles worth $120 billion for roads, bridges, and transit. The state of Washington secured $54 billion for light rail and buses. Atlanta approved about $4 billion for road and transit projects. Illinois and New Jersey passed measures to prevent the diversion of transportation user fee revenue to other industries. Read more from ITS International. The US Department of Energy (DOE) must hand over confidential documents about Fisker's bankruptcy. A Delaware federal judge ordered the DOE to give the documents – which concern a presentation by Fisker to the DOE in which it falsely claimed to meet milestones set forth in a government loan – to lawyers in a case in which investors claim Fisker lied to them about financial troubles. While the DOE has given over documents already, they were incomplete and heavily redacted. "I understand that such disclosures may have a negative impact on future DOE analyses," says US District Judge Sue Robinson. "but conclude nonetheless that under the circumstances at bar – the public money at stake, the Congressional hearings, and the fact that Fisker Automotive is now a defunct company – the balance of interests favors plaintiffs." Read more at Law360. Related Gallery Volkswagen I.D.

Fisker hires adviser to prepare for possible bankruptcy filing

Electric vehicle startup Fisker has hired restructuring advisers to assist with a possible bankruptcy filing, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company has hired financial adviser FTI Consulting and the law firm Davis Polk to work on a potential bankruptcy filing, according to the report. Fisker declined to comment. According to CNN, Fisker's stock price fell more than 40% in after-hours trading after the report was published. Overall, the stock is down more than 80% since the start of 2024. Earlier this month, Fisker flagged going-concern risks, job cuts and a pause in investments into future projects until it secures a partnership with a manufacturer. Nissan was in advanced talks to invest in Fisker in a deal that could provide the Japanese automaker with access to an electric pickup truck, Reuters reported earlier this month, citing two people familiar with the negotiations.   Earnings/Financials Green Fisker