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Fisker assets will be auctioned tomorrow, here's the situation today

The remains of Fisker Automotive - which might not even include the name and logo - are supposed to finally be sold off tomorrow, but the scene before the auction is anything but clear. As as reminder, the two bidding parties are Wanxiang and Hybrid Tech Holdings. Hybrid Tech was denied an emergency motion in court last week that would have lifted an earlier ruling that limited how much debt it can use to try and buy Fisker. The limit remains at $25 million. Bloomberg says that the winner's spoils are not so much the cars or the design but the 36 patents involved (about half are pending) as well as an established vehicle brand in both the US and China. The chief economist for the National Automobile Dealers Association, Steven Szakaly, told Bloomberg that, "[the auction is] not about the manufacturing, It's about the intellectual property." The patents include things like the electric drivetrain tech, the solar technology and the design of the mustache grille. Fisker executives have been hit with a $20-million lawsuit that claims they misled investors. And because lawsuits are easier to get than a DOE loan, a number of Fisker executives and the company's legal team have been hit with a $20-million lawsuit that claims Fisker misled investors. The Wall Street Journal reports that Fisker is accused of withholding information that would have given a clearer picture of Fisker's financial situation. According to the WSJ, the lawsuit says the Fisker team kept the negative news quiet, "because they needed huge sums of additional cash to fund Fisker Automotive to position the Company for a sale or an initial public offering...without plaintiffs' and other investors' money, Fisker Automotive was not a viable company." Meanwhile, Hybrid Tech Holding has hired a former Ford executive, Martin Leach, to be better prepared to manage the Fisker assets should Hybrid Tech win tomorrow. Leach told Reuters that he has been working on a business plan "for months," and it starts with the company taking care of current Karma owners and re-engaging suppliers. The most difficult challenge, we imagine, will be with A123 Systems, which supplied the Karma's batteries but was bought by Wanxiang over a year ago. Leach said that Hybrid could get new batteries from Boston Power. Featured Gallery Fisker Atlantic News Source: Bloomberg, The Wall Street Journal, Reuters, AP Green Fisker Electric Hybrid PHEV lawsuit fisker atlantic martin leach

Ford Mustang GTD, Acura ZDX and Pebble Beach recap | Autoblog Podcast #795

In this episode of the Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by News Editor Joel Stocksdale. In the news, there were a lot of recent unveilings, including the Ford Mustang GTD, Pininfarina B95, Lamborghini Lanzador, Acura ZDX and Fisker Alaska. We recap Pebble Beach and the Woodward Dream Cruise. Joel is fresh off a track drive of the Audi R8 (at Laguna Seca!), and we give ann update on our long-term Toyota Sienna minivan. Finally, we take to Reddit to help pick a new car with a V8 in this week's "Spend My Money" segment. Send us your questions for the Mailbag and Spend My Money at: Podcast@Autoblog.com. Autoblog Podcast #795 Get The Podcast Apple Podcasts – Subscribe to the Autoblog Podcast in iTunes Spotify – Subscribe to the Autoblog Podcast on Spotify RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown 2025 Ford Mustang GTD revealed as a race car for the road — it costs $300,000 Pininfarina B95 revealed, 0-60 in 2 seconds, and at $4.8 million is the priciest EV ever Lamborghini Lanzador concept is a megawatt wedge previewing the first Lamborghini EV 2024 Acura ZDX revealed with up to 500 horsepower Fisker Alaska electric pickup specs, price and production plans revealed Cars we're driving 2023 Audi R8 Quattro Long-term 2023 Toyota Sienna Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on Apple Podcasts Autoblog is now live on your smart speakers and voice assistants with the audio Autoblog Daily Digest. Say “Hey Google, play the news from Autoblog” or "Alexa, open Autoblog" to get your favorite car website in audio form every day. A narrator will take you through the biggest stories or break down one of our comprehensive test drives. Related video: Podcasts Acura Audi Fisker Ford Lamborghini Toyota Concept Cars Electric Future Vehicles Luxury Performance

Fisker Pear electric hatchback teased, promises $29,900 price

Here is our first good look at a new model from Fisker called “Pear.” Yes, that is Pear like the fruit, so itÂ’s apt that the teaser image is mostly shades of green. Explicit details on the Fisker Pear are few, but the company gave us a couple things to chew on. For one, Fisker is promising a base price below $29,900, and this is prior to federal or state EV tax credit incentives. ItÂ’s to be built on a “new proprietary architecture,” so donÂ’t expect it to share much with the big Ocean SUV CEO Henrik Fisker said that the little hatchback will feature “new lighting and a wraparound front windscreen inspired by a glider plane glass canopy.” We can get a small sense of what the car will generally look like from the single teaser image released by Fisker. While the company claims this vehicle wonÂ’t fit into any existing segment, it sure looks like a compact hatchback to us. Though, we suppose, it's also possible it literally looks like a pear. The beefy fenders give it a decidedly sporty flair, and the large wheels and mesh front grille only add to the effect. Its scatter-shot lighting running the length of the front end does indeed look different from anything else out there, and the same can be said for its strangely curved A-pillar. This concept (or whatever it is) is also sporting camera sideview mirrors. If U.S. regulations are changed to allow those, then theyÂ’d be a possibility. Otherwise, Fisker will need to swap those out for some traditional mirrors before production. Fisker has high hopes on the production front, too. It plans to produce the Pear at the now Foxconn-owned factory in Lordstown, Ohio. Once production ramps up, Fisker predicts it will be able to produce a minimum of 250,000 Pears per year, an extremely ambitious goal. Whether demand exists for 250,000 small EVs per year from Fisker is a question we may see answered this decade, as Fisker says the Pear will enter production in Lordstown in 2024. As for the future, Fisker (the man) says the PearÂ’s platform will underpin two additional Fisker (the car) models, but says details will come at a later date. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.