Well, as they say, Karma sucks...
“Fisker Automotive, a luxury plug-in hybrid electric vehicle manufacturer, received significant government subsidies during its existence. One of the most notable subsidies was a $529 million loan from the United States Department of Energy (DOE) in 2009.”
We been ROBBED!
As expected from any startup using government funding.
These high tech green companies only exist as long as the government subsidizes them. Guaranteed no one on the inside was hurt as they planned this from the beginning.
Solyndra on wheels.....................
At least he is spending a lot money for others to get.
EVs are a long way from being a household auto. jmo
Henrik baby, cars are just not your thing, and least under your leadership. Stick to design.
CC
They filed for 11, not 7.
Bad news for taxpayers.
Note this bit...
...Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the company's manufacturing jobs are still limited to the assembly of the flashy electric Fisker Karma sports car in Finland...
Talk about SSDD.
Assets > Liabilities? How are they bankrupt?
Oh my more unrecyclable waste created
That was fast.
A few of my coworkers have these. Sucks to be them.
the only thing I can say is that they were good looking cars and trucks.
unfortunately worthless now.
“Wave of the future”
They weren't even paying the bills for their software licenses.
Darn it, I was about to buy a Fisker electric car.
Now I guess I will buy a Rivian....
The EV bubble is bursting....there is a glut of EVs on the market, and sales continue to decline. And China is just coming on the market. Not difficult to foresee many more bankruptcies on the horizon. So what are they going to do with all the vehicles from non-existent manufacturers from whom owners can’t get parts? What will they do with the unsold stock that no one wants because you can’t get parts for them and because there is no resale market? Should the taxpayers bail out this industry?