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Fisker stock trades halted as talks with Nissan collapse

Fisker's talks with a large automaker for a potential deal have collapsed, it said on Monday amid growing uncertainty for the cash-strapped startup that last week paused electric-vehicle production.  Trading in the shares of the company, which did not name the automaker with which it was in talks, has been halted pending an announcement.  Fisker also said it will not be able to meet a closing condition related to its attempt to raise up to $150 million in funding by selling convertible notes after missing an interest payment.  Separately, Fisker said it would ask investors to vote on a proposal for a reverse stock split at a shareholder meeting on April 24, as it looks to maintain compliance with the Nasdaq's listing norms.  Reuters had reported earlier this month that Nissan was in advanced talks to invest in the company, however, earlier in the day, the Japanese automaker held an event in which it announced a long-term business plan, including its EV strategy, and said it was looking for partners in the United States.  Raising funds has been hard for loss-making electric vehicle startups, which have little in way of revenue as they struggle to ramp up production and deliver to customers, as the companies battle stiff competition and a tough economy.  The EV startup's shares have cratered this year, losing more than 90% of their value, after it flagged going concern risk in February and paused investments in future projects until it secured a partnership with an automaker.  Fisker pivoted to a dealer-partner model earlier this year, after it delivered less than half of the vehicles it made in 2023 due to logistics issues.    Earnings/Financials Fisker Nissan

Here’s how 20 popular EVs fared in cold-weather testing in Norway

Electric vehicles are known to suffer diminished performance in cold weather, but some do a better job than others hanging onto their range capacity while cabin heaters and frigid outdoor temperatures sap power from their batteries. Recently, the Norwegian Automobile Federation put the 20 of the best-selling battery-electric vehicles in the country to the test, to see not only how winter weather affected their range but also their charging times. The major findings: On average, electric vehicles lost 18.5% of their official driving range as determined by the European WLTP cycle. Electric vehicles also charge more slowly in cold temperatures. And interestingly, the researchers learned that EVs don’t simply shut down when they lose power but instead deliver a series of warnings to the driver, with driving comfort and speed levels maintained until the very last few miles. Because itÂ’s Norway, the worldÂ’s top market for electric and plug-in hybrid vehicles by market share, the test included many EVs that arenÂ’t available here in the U.S. But there are many familiar faces, among them the Nissan Leaf, Tesla Models S, 3 and X, Hyundai Kona (known here as the Kona Electric) and Ioniq, and Audi E-Tron. In terms of range, the top-performing EV was the Hyundai Kona, which lost only 9% of its official range, which the WTLP rated at 449 kilometers, or 279 miles, compared to its EPA-rated range of 258 miles on a full charge. It delivered 405 km, just enough to nudge it ahead of the Tesla Model 3, which returned 404 km. Other top performers included the Audi E-Tron, in both its 50 Quattro (13% lower range) and higher-powered 55 Quattro (14% lower) guises; the Hyundai Ioniq (10% lower); and Volkswagen e-Golf (11% lower). At 610 km (379 miles) the Tesla Model S has the longest WLTP range of all models tested and went the furthest, but still lost 23% of its range, though it also encountered energy-sapping heavy snow at the end of its test, when many cars had dropped out. The Model 3 lost 28% of its range. The worst performer? That goes to the Opel Ampera-e, better known stateside as the Chevrolet Bolt. It traveled 297 km (about 184 miles) in the test, which was nearly 30% lower than its stated WLTP range. We should also note that Opel, now owned by Groupe PSA, is phasing the car out in Europe and that Chevy recently upgraded the Bolt here in the U.S.

Nissan Leaf's No Charge To Charge now available in Boston

Depending on where you buy your all-electric Nissan Leaf, there's a pretty sweet deal attached. In some parts of the US – most recently, now also in Boston, MA – new Leafs come with the "No Charge To Charge" program, which allows drivers to recharge their batteries at some public charging stations for free. Today's announcement that Boston will join the program brings the total number to 17 area, and Nissan has said it will eventually expand No Charge To Charge to at least 25 markets in the US by the end of the year. As Nissan representatives explained when the program was first announced at the 2014 New York Auto Show, there are limits on the program. Without paying, you can plug your new Leaf into a public CHAdeMO DC fast charger for a maximum of 30 minutes and just one hour at Level 2 stations. You can find a list of No Charge stations from companies like ChargePoint, Blink, AeroVironment, and NRG eVgo here. Related Video: CALLING ALL BOSTONIANS: NISSAN'S "NO CHARGE TO CHARGE" PROGRAM ARRIVES IN BEAN TOWN BOSTON (July 6, 2015) – Nissan is launching its "No Charge to Charge" promotion for Boston-area Nissan LEAF buyers, providing two years complimentary public charging with the purchase of the all-electric car from LEAF-certified dealers in the Boston market. "Nissan LEAF is an attractive option for Boston car buyers because it is fun to drive and offers significantly lower operating costs when compared to a gas-powered car," said Andrew Speaker, director, Electric Vehicle (EV) Sales & Marketing, Nissan. "EV charging infrastructure continues to grow in Boston, and access to free public charging for new LEAF buyers helps make owning an all-electric vehicle even more cost-effective and convenient." "No Charge to Charge" launches at Nissan LEAF dealers in the Boston market on July 1. The promotion includes access to fast chargers that can charge a LEAF battery pack from empty to 80 percent in about 30 minutes, as well as level 2 (240V) chargers spread throughout the Boston area. Nissan now offers "No Charge to Charge" in 17 U.S. markets, including San Francisco, Los Angeles, Sacramento, San Diego, Fresno, Seattle, Portland (Oregon), Chicago, Atlanta, Indianapolis, Nashville, Phoenix, Dallas-Ft. Worth, Houston, Denver and Washington, D.C. Nissan plans to offer the "No Charge to Charge" program at LEAF dealers in a total of at least 25 U.S. markets later this year.