Fisker Car

Facts about Fisker Automobiles. The Fisker Car is an Anaheim-based automobile manufacturing company in California. The first product of the business was the Fisker Karma vehicle, which was one among the first manufactured plug-in hybrid electric automobiles of the world. The business exhibited this vehicle in 2008 at the International Automobile Show of North America, creating the best green car sector in which nearly all major producers have since declared they would vie.

History of Fisker Automobile

Fisker Automotive, Inc was co-founded by Henrik Fisker in 2007 with business associate Bernhard Koehler and Quantum Technologies subsequent to securing a moderately small outlay from Gianfranco Pizzuto, a businessman in Italy, and Palo Alto shareholders. Henrik is responsible for planning several best cars, such as the V8 Vantage and Aston Martin DB9, BMW Z8 and Artega GT. Henrik Fisker as well, worked as design director and sat on the panel at Aston Martin.

Before Fisker Automotive, Henrik Fisker quit Aston Martin in 2005 to set up Fisker Coachbuild, in an effort to renew the art of coach building vehicles to consumer specifications. The Fisker Latigo and Tramanto used power trains, and chassis from BMW 6-Series and Mercedes-Benz SL vehicles. Several were procured, but the company soon offered a way to Fisker Automotive, a true auto manufacturer.

During 2009, Henrik declared plans for one more plug-in cross, a high-capacity automobile for a lower cost, depending on getting a loan from the Department of Energy of the United States to manufacture about 100,000 automobiles yearly in the country.

On 14th of April 2008, Tesla Motors filed a court case against Fisker Automotive, claiming they stole the technology of Tesla Motors and are exploiting it to expand their own hybrid sedan, the Fisker Karma. The suit of Tesla claims that the design effort completed by Fisker Coachbuild for the Model S was imperfect, and that Fisker sidetracked its greatest ideas to the Fisker Karma.

During early 2009 the court case was settled in favor of Fisker and Tesla was instructed by the court to compensate Fisker the legal fees of over US $1.1 million.

On 27th of October 2009, Fisker administrators declared that the business had signed a memo of intent to assume the control of the Wilmington-based Boxwood Road Plant.

During late 2012, manufacture is planned to start, and Fisker Automotive expects that the NINA Project will eventually generate or support 2,000 plant jobs and in excess of 3,000 merchant and supplier employments by 2014, as the manufacture ramps up to full ability of 75,000 to 100,000 automobiles per year. More than 50 % will be exported, the major percentage of any domestic automobile manufacturer.

During February 2012, Henrik became Executive Chairman and Tom LaSorda was appointed as the new CEO of the company. However, on the 14th of August 2014, Tony Posawatz, who was the earlier Vehicle Line Director of General Motors for the Chevrolet Volt replaced Tom LaSorda.

During April 2012, Fisker declared it had got $392 million in a latest round of financing. During July 2012, Fisker stopped all production and employed Evercore Partners, the financial adviser to locate new associates and shareholders, but during December 2012, Henrik Fisker claimed it was not for auction. By the last part of the year 2012, the search for financial support sustained, and Fisker had to stop the second model line expansion, which was approximately 90% complete.

On 29th of October 2012, the business suffered a setback as Hurricane Sandy swamped and damaged its whole European consignment of 338 Karma cars at Port Newark in New Jersey.

During the last part of March 2013, Fisker employed a law company to prepare for a likely insolvency filing. On 5th of April 2013, Fisker laid off 75 percent of its labor force without notification, keeping a core group of 40 employees only while it continues to discuss with prospective shareholders.

On 22nd of November 2013, the business filed its Chapter 11 insolvency case. Along with, on the 23rd of November 2013, the business agreed to be purchased by Hybrid, subject to insolvency court approval.
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All Facts are based on our research, always check lookseek facts in case of any errors. Lookseek is not responsible for any mistakes in this article.