Jump to content
News
Reviews
Discussons
Activity
Create New...
Close

  • 💬 Join the Conversation

    CnG Logo SQ 2023 RedBlue FavIcon300w.png
    Since 2001, Cheers & Gears has been the go-to hub for automotive enthusiasts. Join today to access our vibrant forums, upload your vehicle to the Garage, and connect with fellow gearheads around the world.

     

  • William Maley
    William Maley

    By William Maley •

    Fisker's Founder and Board Gets Slammed With A Lawsuit

      Just when you thought Fisker was out of the hot water, they get it dumped back on them.

    Just when you thought Fisker was out of the hot water, they're back in it. Bloomberg reports that founder Henrik Fisker and the board of directors have been hit with a lawsuit over losses incurred by the company's financial problems.

    Atlas Capital Management LP, an investor in Fisker, filed a federal suit in Wilmington, Delaware, on December 27 claiming the automaker withheld information regarding its financial health. The suit also alleges that Fisker kept quiet about a recall involving 239 Karmas until the day after it closed a round of financing.

    Had Atlas known the truth, it “would not have purchased or otherwise acquired its Fisker securities, or, if it had purchased such securities, it would not have done so at the artificially inflated prices which it paid,” lawyers representing Atlas wrote in the filling.

    Anita-Marie Laurie, a spokeswoman for Fisker with Sitrick & Co., declined to comment when asked.

    Source: Bloomberg

    William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.

    Go to articles

    User Feedback

    Recommended Comments

    GMTruckGuy74

    I don't agree with that, dfelt. I love the Fisker Karma design and styling, but am not a huge fan of the electric drivetrain. I like what Bob Lutz is doing with the Karma (aka VL Automotive Destino) - putting the Corvette ZR1 powertrain into the Karma body. Now that's a dream car for me!

    vl-automotive-destino_100415414_l.jpg

    Link to comment
    Share on other sites
    SAmadei

    Unfortunately, I suspect what Lutz is doing is at tuner shop production levels. How many Karmas are out there in the wild? How many Karma bodies are waiting for a V8? Are Karma bodies still being made? CAN they be made again?

    I don't have numbers to put with these questions, but I suspect they are closer to hundreds than thousands. I don't know why Lutz would even be interested in such a piddly project, except to get one for himself.

    Link to comment
    Share on other sites
    G. David Felt

    GMTruckGuy74, while the auto is a nice looking 4 door sedan and what Lutz is doing is pretty interesting, I do not see this as a mass produced and available auto.

    My comment is from a business stand point. I believe this will end up in the courts and be a expensive mess as those that invested try everything to get something back from the rich men who bilked them out of their money.

    Yes a fool and his money are soon parted, investing in this company at any stage right now is a total waste.

    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

    ×



  • Support Real Automotive Journalism

    Cheers and Gears Logo

    Since 2001, Cheers & Gears has delivered real content and honest opinions — not emotionless AI output or manufacturer-filtered fluff.

    If you value independent voices and authentic reviews, consider subscribing. Plans start at just $2.25/month, and paid members enjoy an ad-light experience.*

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      Love so much cool tech. https://www.tomsguide.com/vehicle-tech/evs/13-coolest-ev-features-ive-tested-that-prove-the-future-is-already-here
    • oldshurst442
      What Are You Watching?

      By oldshurst442 · Posted

    • G. David Felt
      How to disable AI CoPilot on Windows 11

      By G. David Felt · Posted

      Since online stories seem to change, I am copy and pasting the instructions here: Uninstall the Copilot app The first thing you should do is uninstall the Copilot app. This is a Windows app and can be uninstalled like any other Windows app. There are a few ways to do this, and we’ll outline two of them. The fast way Hit the Windows Key to open your search and type in Copilot. Right-click the app with your mouse and select Uninstall. A window will pop up asking you to confirm. Do so. The app will be uninstalled. The harder way Open the Settings on your Windows PC. Navigate to Apps and then Installed apps. Find Copilot on your list of installed apps. Click the three-dot button on the right side and click Uninstall. For all intents and purposes, Copilot will cease to function on your PC after uninstalling the app, and you can go about your life in peace. Disable Copilot on a Windows PC Once the official app is uninstalled, there’s no real reason to do anything further, but if you really hate AI, you can if you want to. Damn the man! In the interest of completeness, here’s how to disable Copilot on your PC. This method is doable in two ways. If you have Windows 11 Pro, you can do this through the Group Policy Editor, which is quite simple. Those who have Windows 11 Home have to go through the Registry Editor, which can be an intimidating and potentially dangerous process. Thus, proceed at your own risk. Disable Copilot through the Group Policy Editor Hit the Windows Key to open search and type in Edit group policy or gpedit.msc and open the setting that pops up. Once the Group Policy Editor is open, you’ll navigate to a setting in the left margin. The order is User configuration, then Administrative templates, click on Windows components, and then finally Windows Copilot. Double-click where it says Turn off Windows Copilot; a new window will open. In the window, click Enabled, then Apply, and then finally OK. Copilot will be disabled. This method only works for Windows 11 Pro and Enterprise. While it is possible to install and use Group Policy Editor on Windows 11 Home, it’s not worth the effort, as there's a better option: Disable Copilot through the Registry Editor Hit the Windows Key and type in regedit, and then open the Registry Editor. Navigate to HKEY_Current_User, then Software, then Policies. Once there, go to Microsoft and then Windows, and finally CurrentVersion. There, you’ll see an option called WindowsCopilot. Double-click the TurnOffWindowsCopilot and change the value from 0 to 1. Exit Registry Editor and reboot your PC. It’s a simple enough process if you're used to working in the Windows 11 backend, but you can mess up a lot of stuff in the Registry Editor if you're not. Thus, again, proceed with caution and don’t change any of the other values. In addition, not all versions of Windows will have this registry option. Voila, Copilot is as off as Copilot gets If you've followed our advice, Copilot will now be disabled (or uninstalled) on your Windows laptop or Chromebook. Since most of its functionality comes directly through the Copilot app, uninstalling the app gets you about 90 percent of the way there, which should be more than enough for most Windows users. Disabling it via the Group Policy Editor or the Registry Editor finishes the job, but without the app in the front, Copilot can’t really do much of anything anyway. How to remove Copilot from Windows 11 | Mashable
    • surreal1272
      Random Thoughts Thread

      By surreal1272 · Posted

      Very slick! Very nice! Straight to my wagon lovin' heart!
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      LOL I have ZERO empathy for these Idiots. Trump Supporter Speaks Out as Inflation and Unrest Deepen, Says, “I’m Waiting for Him To…”

  • Who's Online (See full list)

    • There are no registered users currently online

  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

I've whitelisted
Continue without support

Write what you are looking for and press enter or click the search icon to begin your search