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FISKER BANKRUPTCY
Electric truck company Nikola files for Chapter 11 bankruptcy protection — Calls it ‘best possible path forward’In a press release, Nikola stated that it intends to continue providing limited (non-dealer) service and support operations for its trucks ...- Nikola shares slump 38% after it goes bankrupt, to sell assets in latest EV market turmoilNikola said on Wednesday it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, the latest electric-vehic...
- Taiwan iPhone maker Foxconn sets its sights on ever more crowded EV marketFoxconn and other tech companies are venturing into the electric vehicle market, challenging traditional automakers like Nissan and Honda. ...
- 5 tech failures in 2024 - From underwhelming to disappointing2024 was a big year for technology but certain products didn’t live up to the expectations, from Rabit R1 to Humane AI pin and even Apple V...
- Fisker bankruptcy plan approved after deal on vehicle tech supportUS Bankruptcy Judge Thomas Horan signed off on Fisker's bankruptcy plan at a court hearing in Wilmington, Delaware, clearing the company to...
- Think making cars is hard? Try being a supplierMajor component manufacturers such as privately owned Robert Bosch GmbH, ZF Friedrichshafen AG and stock-market listed Continental AG have ...
- Why Elon Musk's Tesla is facing crisis in US EV market? Will Joe Biden administration's tariff put brakes on EVs?In 2024, the U.S. EV market is growing but faces challenges like political polarization, infrastructure issues, and industry adjustments. D...
- Volkswagen's $5 billion investment in Rivian boosts EV maker's sharesRivian secures vital funding through Volkswagen's investment, enabling the launch of new EV models. The partnership signifies a significant...
- What are EV startups doing to ride out weak demand?Fisker filed for bankruptcy protection due to fundraising difficulties and weak demand for its Ocean electric SUV. Rivian, Lucid Group, and...
- U.S. electric vehicle maker Fisker files for bankruptcyThe bankruptcy filing by U.S. electric vehicle maker Fisker comes after failed deal talks with a major automaker, resulting in the company ...
- EV startup founders made big claims, now one could go to prisonA federal judge in Manhattan will sentence Trevor Milton, founder and former CEO of the truck company Nikola, after a jury found him guilty...
- EV startups burn through more cash as demand faltersEven market leader Tesla has warned of "turbulent times" and traditional automakers with deeper pockets including Ford Motor are losing mon...
- US electric vehicle startups set for another quarter of steep cash burnHaving gone public with hopes of shaking up the automobile industry, these companies have seen their market valuations evaporate in the pas...
- View: SPACs are an interesting bridge solution for investors between private and public marketsSPAC is like the much sought-after VIP ‘break’ darshan at a temple — a side-door entry into public markets, without the scrutiny of going p...
- Tesla, Nikola, Nio and Fisker: Electric carmakers are in a stock market bubbleTesla’s market value soared past $540 billion this week — equivalent to 250 times its expected earnings this year — meaning it’s now the wo...
- No revenue is no problem in the 2020 stock marketThe remarkable thing about some of these SPAC-backed companies is they’re going public before they’ve generated their first revenues. These...
- Change of plans: Henrik Fisker now working on a $40K electric SUVThe BMW designer earlier announced plans to produce an expensive electric sports car.
- Aston Martin sued for $100 million over alleged plagiarism claimsDesigner Henrik Fisker has sued the automaker for threatening him from entering an auto show because his new design resembled the Aston Mar...
- Now Aston Martin is thinking it could be the Tesla Model S killerCEO Andy Palmer told David Undercoffler of Automotive News that the company plans to launch an electric version of the Rapide sedan in two ...
- Apple's new auto executive Doug Betts is a perplexing hireLanding at Apple, and presumably being hired to focus on some aspect of Apple's rather mysterious car project, is a magnificent recovery fo...
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