Jump to content
Sign in to follow this  
William Maley

Karma News: All Your Fisker Belongs To Wanxiang Group

Recommended Posts

After three days and nineteen rounds of bids, China’s Wanxiang Group emerged as the new owner of Fisker, beating out Hybrid Tech Holdings LLC, the original winner of Fisker Automotive back in November. The winning bid was $149.2 million, about six times higher than the original sale price of $25 million.

The auction came after a ruling made by U.S. Bankruptcy Judge Kevin Gross last month. Gross rejected the original offer made by Hybrid Tech Holdings LLC of $25 million for all of Fisker's assets.

Now the bid has to be approved by Gross for Wanxiang Group to become Fisker Automotive's new owner. That will happen this week.

Source: Bloomberg

William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.


View full article

Share this post


Link to post
Share on other sites

Much better price even though tax payers lost their shirts and better than the original 25 mil price. Be interesting to see what happens next.

Share this post


Link to post
Share on other sites

I thought Apple was into Tesla with that big Ipad screen in the middle. :P

Share this post


Link to post
Share on other sites

Join the conversation

You are posting as a guest. 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
Reply to this topic...

×   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.

Sign in to follow this  



  • Social Stream

  • Similar Content

    • By Drew Dowdell
      Today Henrik Fisker announced the name for Fisker's upcoming EV SUV. Called the Ocean, it has been shown in a number of concept studies over the past year.
      The concept wears a solar roof to help with charging and retractable door handles. Looking mildly like a Range Rover Evoque, the vehicle is being produced with many recycled materials. Fisker claims this will make the SUV one of the most sustainable vehicle available. 
      The starting price is claimed to be around $40,000 and have a range of over 300 miles through its 80 kWh enhanced lithium-ion batteries. Rear-motor, rear drive and dual-motor all wheel drive will be available.  The SUV should hit the market in late 2021, about a year after Tesla's Model Y goes on sales.  Fisker is offering a Tesla-like online-only sales model with "nationwide concierge service". 
      Henrik also announced that there will be some big news on November 27th, the day before Thanksgiving, when online reservation become available.  The production ready prototype will be revealed in January 2020.
      Fisker has been late in delivering on its promises before, so if you're waiting for one of these, you may be waiting a little longer than planned. 
      Related:
      Fisker Shows First Look at New Electric SUV
      Fisker Teasing Us with Electric SUV Concept 

      View full article
    • By Drew Dowdell
      Today Henrik Fisker announced the name for Fisker's upcoming EV SUV. Called the Ocean, it has been shown in a number of concept studies over the past year.
      The concept wears a solar roof to help with charging and retractable door handles. Looking mildly like a Range Rover Evoque, the vehicle is being produced with many recycled materials. Fisker claims this will make the SUV one of the most sustainable vehicle available. 
      The starting price is claimed to be around $40,000 and have a range of over 300 miles through its 80 kWh enhanced lithium-ion batteries. Rear-motor, rear drive and dual-motor all wheel drive will be available.  The SUV should hit the market in late 2021, about a year after Tesla's Model Y goes on sales.  Fisker is offering a Tesla-like online-only sales model with "nationwide concierge service". 
      Henrik also announced that there will be some big news on November 27th, the day before Thanksgiving, when online reservation become available.  The production ready prototype will be revealed in January 2020.
      Fisker has been late in delivering on its promises before, so if you're waiting for one of these, you may be waiting a little longer than planned. 
      Related:
      Fisker Shows First Look at New Electric SUV
      Fisker Teasing Us with Electric SUV Concept 
    • By Drew Dowdell
      We first saw a rendering of the forthcoming Fisker SUV back in March of this year.  Now Fisker is releasing some photos of the concept and a few more details. The front end of the Fisker SUV looks mildly like a Land Rover if you stare at the headlights long enough.  Along the side are retracting door handles and an interesting D-Pillar turn-signal repeater.  Fisker has previously shown the SUV with a solar roof to help with charging. 
      Fisker says the SUV will start under $40,000 and have a range over 300 miles per charge.  They are also claiming that the vehicle will be the most sustainable vehicle available with many of the parts being made from recycled materials.   For now, the look of the interior is a secret until its official unveiling later this year.  Fisker hopes to have the SUV on the road in 2021. 
       


    • By Drew Dowdell
      We first saw a rendering of the forthcoming Fisker SUV back in March of this year.  Now Fisker is releasing some photos of the concept and a few more details. The front end of the Fisker SUV looks mildly like a Land Rover if you stare at the headlights long enough.  Along the side are retracting door handles and an interesting D-Pillar turn-signal repeater.  Fisker has previously shown the SUV with a solar roof to help with charging. 
      Fisker says the SUV will start under $40,000 and have a range over 300 miles per charge.  They are also claiming that the vehicle will be the most sustainable vehicle available with many of the parts being made from recycled materials.   For now, the look of the interior is a secret until its official unveiling later this year.  Fisker hopes to have the SUV on the road in 2021. 
       



      View full article
    • By Drew Dowdell
      Herick Fisker is back again after his original company succumbed to bankruptcy in 2014.  Now as Fisker, Inc., the latest vehicle he is showing is an electric crossover concept.  While we have a picture, the technical details are light.
      The EV will be priced near $40,000 and have a 300 mile range.  Powered by an 80 kWh enhanced lithium-ion battery, there will be rear-motor rear wheel drive and optional dual motor all wheel drive available. 
      Fisker is planning on the not-yet-named SUV in late 2021, just about a year after the Tesla Model Y is due to hit the market.  Fisker is planning on a Telsa-Like online only sales model with "nationwide concierge service". 

      View full article
  • Recent Status Updates

  • Reader Rides

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×
×
  • Create New...