2012 Fisker Karma Sport on 2040-cars

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Fisker bankruptcy auction scheduled for February 12

Will the long, twisted tale of Fisker Automotive and it bankruptcy assets finally end on February 12? It might, because that's the date a bankruptcy court has now set for an auction to let the bidders decide who will take home the plug-in automaker's goods. The auction will be held at the law offices of Kirkland & Ellis in New York, according to a new report in Reuters. As we know, China's Wanxiang Group and Hybrid Tech Holdings are the two companies who are most vocal in their desire for Fisker. After an initial bid of around $25 million, Hybrid Tech is now ready to start the bidding on the 12th at $55 million and basically called itself Fisker's best friend during this troubling time in a recent statement. The controllers of the Fisker assets say they prefer Hybrid Tech's bid to Wanxiang's. Fisker stopped making the plug-in hybrid Karma in late 2012 and filed for Chapter 11 bankruptcy last year. Fisker's assets were supposed to be sold to Hybrid Tech Holdings in early January, but a last-minute stalking horse bid by Wanxiang set in motion the series of events that will lead to the auction next month.

Fisker EMotion EV and flexible solid-state battery debut at CES

We've been following Henrik Fisker's new company closely, and have taken a keen interest not just in his Fisker EMotion luxury electric sedan, but also in the battery and charging technology the company's been developing. Now, at the 2018 Consumer Electronics Show ( CES) in Las Vegas, we've gotten a full reveal of the upcoming vehicle, as well as new details about Fisker's solid-state battery technology, which has the potential for dramatic increases in electric driving range. Fisker teased the reveal of the EMotion in recent days, showing off the butterfly doors, and giving us a glimpse of the interior. Previously, we had learned of its fantastic, 400-plus-mile range and swift charging capabilities. A conversation we had with Henrik Fisker revealed more about the design, the battery and a secret charging method that he thought could change the EV game. Now, we have a lot more details about the car, though Fisker is still keeping some of his company's tricks under his hat. View 21 Photos The all-wheel-drive Fisker EMotion will have an estimated top speed of 161 miles per hour. It will be capable of Level 4 automated driving thanks to a suite of five Quanergy lidar sensors. The car will ride on 24-inch Pirelli low-rolling-resistance tires. The butterfly doors feature flush handles, and they open and close with the help of smartphone control. The car is about 197 inches long, with an overall height of about 52 inches, but Fisker says the packaging of the electric powertrain allows for a more spacious interior than most vehicles of this size. Let's talk more about that interior, as this is the first time we've gotten such a close look at it. It's very luxurious, combining the comfort of leather with the convenience of modern infotainment technology. Fisker says it will also offer a vegan interior option for the EMotion. The car has four individually adjustable electric seats, with a five-seat option with a rear bench. Fisker promised the car would provide entertainment when operating in autonomous mode, and that comes in the form of three driver-oriented screens, with a curved center screen, as well as an optional 27-inch rear curved screen for the Chauffeur Edition EMotion. The glass roof features four zones of tint, each electrically adjustable to let in your desired amount of light. The Fisker EMotion is set to launch by the end of 2019, with a starting price of $129,000. The company is currently taking reservations for $2,000 at its website.

Wanxiang wants to restart Fisker Karma production as quickly as possible

It appears that Wanxiang America's $149.2-million acquisition bid was about more than just owning the assets of Fisker Automotive. The Chinese auto parts maker is apparently serious about getting the Karma plug-in hybrid luxury vehicle back on the production line. "We will want to get the Karma back online as quickly as possible." "We will want to get the Karma back online as quickly as possible," Pin Ni, president of Wanxiang America, told The Boston Globe. More details will likely be released by Wanxiang now that US Bankruptcy Judge Kevin Gross has officially approved the purchase. Gross was satisfied that the purchase price includes a 20-percent stake in Fisker for creditors valued at $15 million – something that was not addressed by the original bids from Wanxiang and Hong Kong-based Hybrid Tech Holdings. Wanxiang also owns the maker of the Karma's lithium battery pack, A123 Systems. Creditors were delighted to see Wanxiang's bid, according to attorney William Baldiga, whose law firm represented creditors. "The value is six times what [Fisker] said it was worth when it filed for bankruptcy," Baldiga said, describing the negotiations as "two and a half days of yelling, screaming, bidding." In documents that Wanxiang filed with the federal court in January, Wanxiang mentioned a three-phase plan: building a hatchback version of the Fisker Atlantic (pictured above); restarting production of the Karma at Valmet in Finland, the plant where all the Karmas have so far been built; and then moving production to VL Automotive's manufacturing facility in Michigan. That means Bob Lutz, ex-General Motors vice chairman, could come back into the picture. In the first part of 2013, Lutz and Wanxiang tried to purchase Fisker. Lutz has as ownership stake in VL Automotive and wants to put small-block Corvette V8 engines into Karma bodies, calling the resulting vehicle the Destino. Wanxiang has said VL is the "soul of Fisker," so now that the company has the body, the revival can't be far behind. Featured Gallery Fisker Atlantic: New York 2012 News Source: The Boston Globe Green Plants/Manufacturing Fisker Electric PHEV a123 systems wanxiang karma