Fisker Automotive has filed for Chapter 11 bankruptcy protection on Friday as part of a restructuring plan. Hybrid Tech Holdings LLC is buying Fisker’s assets and will provide $8 million in debtor-in-possession financing for funding the sale and restructuring.
Fisker Karma Posts
XL Group Plc denied insurance coverage related to damages incurred by Fisker Automotive caused by Hurricane Sandy. A total of 338 Karma plug-in hybrid vehicles were damaged as a result of the hurricane. The vehicles were valued at around $33 million. The Fisker Karma vehicles were parked at Port Newark in New Jersey. This shipping facility was destroyed by Hurricane Sandy. Fisker filed a complaint this past Friday in the New York State Supreme Court in Manhattan.
Since the Pulse2 founders were raised near the Motor City, we have naturally become car enthusiasts. We have tons of family and friends that work at the big auto companies and their suppliers. After the Department of Energy and the Obama administration pushed billions of dollars in the auto industry, we saw some changes in the environment around us. The optimism from Detroit companies grew since they were getting into the electric vehicle game. We have seen Henrik Fisker and Elon Musk build some great automobiles over the last few years too. This is why we have compiled a list of some of the best electric cars available on the market right now along with their specs. If there are some details that we have missed, let us know in the comments.
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Last week Hurricane Sandy caused millions of dollars worth of damage in the Northeast of the United States. There was even a fire in Port Newark, New Jersey that destroyed 16 Fisker Karma plug-in hybrids.
Tony Posawatz was the vehicle line director of the Chevrolet Volt and now he is the CEO of Fisker Karma. Posawatz retired from General Motors last month before he was brought back into working mode again. He replaces Tom LaSorda, who has been CEO of Fisker Karma since February. Posawatz stepped down from GM to “spend more time with his family.”
Justin Bieber was stopped earlier this month for reckless driving when he was driving in the car on the 101 Freeway at 80MPH. Bieber was pulled over in a Fisker Karma sports car by CHP officers on the 101 at the intersection of Vineland Avenue and Ventura Boulevard.
Jeremy Guitterez ‘s garage burned last week and he believes that his $102,000 Fisker Karma luxury electric sedan was the culprit. He wants Fisker Automotive to admit responsibility for the fire. The fire happened after he parked the car in his Sugar Land, Texas home. Fortunately he was able to evacuate his wife, mother, and child from the house before the fire spread to other rooms.
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