Bankruptcy Court Confirms Fisker Automotive Plan
The company received court approval of its sale to Wanxiang Group Corp. in February for $149.2 million. In April, the company signed a global settlement term sheet with Hybrid Tech Holdings LLC, which provided post-petition financing, and the company’s Unsecured Creditors’ Committee to distribute the proceeds of the sale to the company’s creditors.
Fisker Completes Successful Auction
Wanxiang America Corp. submits successful bid valued at $149.2 million.
Fisker Automotive Announces Agreement For Asset Sale To Hybrid Tech Holdings
Hybrid is the lender under an approximately $170 million loan secured by first liens on substantially all of Fisker Automotive’s assets. Hybrid’s parent company, Hybrid Technology LLC, purchased the loan from the U.S. Department of Energy (DoE) after DoE conducted a robust marketing process and auction.
Fisker Automotive Appoints Jim Yost Chief Financial Officer
A well-known automotive industry financial executive with more than 30 years of global experience, Yost most recently served as executive vice president, chief financial officer of Dana Holdings from 2008 through May 2012.
Fisker Automotive Appoints Tom LaSorda as CEO
Co-founder Henrik Fisker becomes executive chairman of the company.
Fisker Expands Reach Into Canada
Fisker Automotive has announced partnerships with established retailers to bring its “uncompromised responsible luxury cars” to locations in Toronto, Calgary and Vancouver.
Fisker Automotive Appoints Tom LaSorda as Vice Chairman of the Board; Richard Beattie Named Chief Commercial Officer
LaSorda, former president and CEO of Chrysler Group, builds on existing global leadership strength of the Fisker Board; Beattie will lead marketing, sales and customer service teams as company grows.
Fisker Automotive Selects Deeza Chassis Parts for Karma Hybrid’s Outer Tie Rod Ends
Creating the product for Fisker was a two-year design process, Deeza says.
Fisker Selects Goodyear Eagles for Karma Hybrid
Because of its large 22-inch wheels and the high torque output of its electric motor, Goodyear worked with Fisker to develop high-performance tires specifically for the Karma EVer.
Universal Technical Institute, Fisker Automotive Announce Partnership
UTI Rancho Cucamonga to train Fisker technicians in preparation for the Fisker Karma.