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BUSINESS
October 26, 2009 | Meg James
The White House is expected to announce this week that an Irvine automaker will be setting up shop in a recently idled General Motors plant in Vice President Joe Biden's home state of Delaware. A source in the vice president's office said Sunday that Biden would be making an announcement at the closed plant on Tuesday but would not provide further details. The Associated Press reported that Fisker Automotive Inc. of Irvine intended to revamp a Delaware factory for use to produce one of its two electric plug-in hybrid vehicles.
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AUTOS
October 16, 2013 | By David Undercoffler
Cadillac had announced just how much juice you'll need to buy its upcoming ELR plug-in. The all-new, two-door coupe will start at $75,995 when it goes on sale in January. The front-wheel-drive model is largely based on the four-door Chevy Volt, which General Motors put on sale in 2011. Like  the Volt, the ELR uses an electric motor powered by a lithium-ion battery. The Cadillac has an electric-only range of 35 miles, which is three less than the Volt. Once the battery is depleted, a 1.4-liter, four-cylinder engine kicks in to act as a generator for the battery.
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BUSINESS
November 1, 2012 | By David Undercoffler
Grab any electrical engineer off the street and they'll tell you salt water conducts electricity. So when super storm Sandy pushed seawater into parking lots at New Jersey's Port of Newark, significant damage to recently imported vehicles was inevitable. Fisker and Toyota learned this first-hand. Fisker fell victim to the most dramatic damage. Sixteen of its Karma vehicles caught fire and burned shortly after this week's storm. These luxury plug-in hybrid vehicles cost at least $95,000 each and count Justin Bieber and Leonardo DiCaprio among its celebrity owners.
AUTOS
April 29, 2013 | By Jerry Hirsch
Chrysler Group said Monday that its first-quarter profit fell 65% to $166 million. The automaker's earnings were hurt by higher expenses to launch new models and slower business in Europe and South America.   Revenue fell 6% to $15.4 billion compared with the same quarter a year earlier. Chrysler attributed much of the decline to the cost and the slow launch of “key” products, including new models of its Ram pickup trucks and the 2014 Jeep Grand Cherokee. It also invested heavily in the second-quarter production launch of an all-new Jeep Cherokee.
BUSINESS
October 28, 2009 | Times Staff and Wire Reports
Luxury automaker Fisker Automotive Inc. of Irvine has agreed to buy a closed General Motors assembly plant in Delaware to produce plug-in hybrid electric cars, the company said. Fisker has signed a letter of intent with Motors Liquidation Co., formerly known as General Motors Corp., to buy the Wilmington, Del., plant for $18 million.
NEWS
March 29, 2008
Zero-emission vehicles: An article in the Business section on Friday said VantagePoint Venture Partners was an investor in plug-in hybrid carmaker Fisker Automotive. VantagePoint is an investor in electric carmaker Tesla Motors.
BUSINESS
February 7, 2012 | By Jerry Hirsch
Among the bad cars that have been produced in America, what's the worst that was ever sold? A lot of vehicles come to mind. The remarkably ugly 1975 AMC Pacer? Here's what the editors of Edmunds.com say about the car: “Desperate AMC bets on weird and wide small car with a fishbowl greenhouse and archaic six-cylinder drivetrain. It's been an icon of disenfranchised losers ever since.” Then there is the equally tortured 2001 Pontiac Aztek, which may win the award for ugliest of all time.
AUTOS
April 26, 2013 | By Jerry Hirsch
Honda said Friday that it will recall almost 44,000 of its tiny Fit Sport compacts to fix a problem with its stability assist software that crops up when the vehicle is equipped with certain tires. On some of the 2012 and 2013 model year cars, the yaw rate -- a force that can change the direction of the vehicle -- exceeds federal safety standards. Honda discovered the problem during testing for compliance with federal regulations.It is not aware of any crashes or injuries resulting from the problem.
BUSINESS
February 10, 2012 | By Jerry Hirsch
Tesla Motors won't sell the first Model S - the electric sedan it is making at its auto factory in Fremont - until later this year, but the company has already announced plans to expand production by offering  the Model X, a sport-utility vehicle. The Palo Alto-based maker of electric vehicles unveiled the SUV, which looks more like a crossover than a traditional utility, at its Los Angeles design studios Thursday. Tesla plans to start manufacturing the vehicle at the end of 2013 with sales to begin the following year.
NEWS
November 22, 2010
At every auto show there are certain vehicles that generate a buzz (and a crowd). Many factors — newness, rarity, performance, looks, lavish features, revolutionary technology — can make a car a crowd puller. But at this year’s L.A. Auto Show, being sexy and green seems to be as important as being fast and expensive. We looked at a few of the models that have necks craning and cameras flashing at the L.A. Convention Center. BMW CONCEPT 6 SERIES COUPE This svelte four-seater is attracting an audience at the show because, though billed as a concept, it’s widely rumored to resemble the production third-generation 6 Series due in mid-2011 — and in this status-obsessed city, we all want to see what’ll be in our neighbors’ driveways next year.
AUTOS
April 26, 2013 | By Jerry Hirsch
Honda said Friday that it will recall almost 44,000 of its tiny Fit Sport compacts to fix a problem with its stability assist software that crops up when the vehicle is equipped with certain tires. On some of the 2012 and 2013 model year cars, the yaw rate -- a force that can change the direction of the vehicle -- exceeds federal safety standards. Honda discovered the problem during testing for compliance with federal regulations.It is not aware of any crashes or injuries resulting from the problem.
AUTOS
April 26, 2013 | By Ronald D. White
In a week in which beleaguered Fisker Automotive failed to make a $10-million loan payment, owners are looking to unload their cars. In some cases, they are seeing some very low offers. There were 48 listings for the high-end, hybrid electric Fisker Karma Eco-Chic and Eco-Sport cars on the Yahoo! auto sales pages. That might not seem like a lot, but the new- and used-car research company Edmunds said there were only 947 new registrations of Fisker automobiles between January 2012 and February of this year.
BUSINESS
April 24, 2013 | By Wes Venteicher, Los Angeles Times
WASHINGTON - Top executives from failed hybrid car maker Fisker Automotive Inc. denied claims in Congress that the company had used political connections to secure $192 million in government loans to finance a flawed business plan. The executives appeared Wednesday before Congress for the first time since the Department of Energy seized $21 million Fisker had remaining in an account April 11. The Anaheim company was approved for a $529-million loan in 2010 and received $192 million before getting cut off. Fisker laid off most of its workers this month and is expected to file for bankruptcy.
AUTOS
April 22, 2013 | By Jerry Hirsch
Troubled sports car maker Fisker Automotive Inc. failed to make a $10-million payment on a federal government loan Monday, tipping the Anaheim company closer to a bankruptcy reorganization or liquidation. Fisker was scheduled to start to pay down about $192 million it had borrowed under the Energy Department's Advanced Technology Vehicles Manufacturing Loan Program. The Energy Department said that on April 11, it “recouped the company's approximately $21 million reserve account -- funds that came from the company's sales and investors, not our loan - - and will apply those funds to the loan.” An individual familiar with the process but not authorized to speak about Fisker's debt said the government essentially swept the car company's account clean but now must wait to see if the automaker is sold or obtains new investor money before it can try to recoup more of the loan.
AUTOS
April 5, 2013 | By Jerry Hirsch
Struggling carmaker Fisker Automotive laid off 160 employees, most of its staff, Friday as it struggles to reach a financing deal that would save the maker of the Karma hybrid sports car. The Anaheim company dismissed all but a core group of about 40 workers needed to keep the business running as it continues talks with three Chinese businesses considering buying or investing in Fisker, according to individuals familiar with Fisker's strategy....
AUTOS
April 5, 2013 | By Jerry Hirsch
Stymied by unsuccessful efforts to craft a deal with Chinese investors to save the company, struggling carmaker Fisker Automotive laid off most of its workers Friday. Analysts said the move, combined with retaining a bankruptcy law firm last month, likely signals the death of the Anaheim company, which was founded by auto designer Henrik Fisker in 2007 with high hopes of selling highly styled hybrid sports cars and sedans. That could leave the federal government essentially owning the automaker.
BUSINESS
November 15, 2012 | By David Undercoffler
Fresh off of launching the Spark (sub) sub-compact car this past summer, Chevrolet has revealed details on the all-electric version the company will be debuting at the 2012 L.A. Auto Show. Chevrolet says the Spark EV will have 130 horsepower (100 kW) coming from an oil-cooled electric motor, a hearty jump from the 84 horsepower in the gas-powered car. Meanwhile, torque skyrockets to 400 pound-feet (better than a new Porsche 911 ), which Chevy says helps move this car from 0-60 in less than eight seconds.
AUTOS
November 21, 2012 | By Brian Thevenot
Tesla , the maker of high-end electric cars, has won its first round in court with auto dealers who have challenged its factory stores as violating state franchise laws. A judge denied a bid by the Massachusetts State Auto Dealers Assn. to get a temporary restraining order and an injunction preventing Tesla from operating a mall display store near Boston, according to Tesla and the association. Though Tesla sells in low volumes, dealers nationally fear the Palo Alto automaker could set a precedent allowing other automakers to sell directly to the public.
AUTOS
March 29, 2013 | By Jerry Hirsch
Unless its celebrity customers such as teen idol Justin Bieber and actor Leonardo DiCaprio want to put a lot of their own cash into the business, it looks like hybrid sports car company Fisker Automotive is nearing the end of the road. Fisker has hired Kirkland & Ellis, a major bankruptcy law firm, to review the company's options while it continues to seek investment partners. “We are not commenting at this stage in the game,” said Roger Ormisher, a Fisker spokesman. “There are too many moving factors and a number of different directions this can go.” The automaker has been working for months to raise $500 million so it could restart production of the Karma, its only model, which is built in Finland.
AUTOS
March 28, 2013 | Ronald D. White
Fisker Automotive Inc., the beleaguered maker of high-end electric cars, is furloughing employees for a week to conserve cash. Callers to Fisker's Anaheim office were greeted Thursday with a voice message advising that the office was closed Friday, March 22, and would remain closed through Sunday, March 31. The furloughs, which affect more than 200 employees, came just two weeks after the company's founder resigned as executive chairman amid...
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