Tony Posawatz News
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Fisker Automotive Inc., the troubled electric-car maker, missed its first payment on a $529 million U.S. Energy Department loan, according to an agency official.
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Fisker Automotive Inc. spent more than six times as much U.S. taxpayer and investor money to produce each luxury plug-in car it sold than the company received from customers, according to a research report.
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Fisker Automotive Inc.’s mass firings after receiving federal loans to build luxury plug-in cars is adding to the political debate over the U.S. government’s funding of clean-energy programs.
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Fisker Automotive Inc.’s new chief executive officer said the plug-in hybrid carmaker still plans to build rechargeable autos at a Delaware plant that stalled when the Energy Department blocked a loan for the project.
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Fisker Automotive Inc., a maker of luxury plug-in hybrid cars backed by U.S. government loans, hired the former head of General Motors Co.’s rechargeable Volt program as its new chief executive officer.
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General Motors Co., trailing Nissan Motor Co. in electric-car sales, plans to boost output of its Chevrolet Volt to 5,000 a month as the automaker seeks to seize the lead and test consumers’ hunger for plug-in vehicles.
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Henrik Fisker, the auto designer who co-founded luxury plug-in hybrid manufacturer Fisker Automotive Inc., said he resigned over disagreements with the company’s other executives.
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Fisker Automotive Inc., the California-based maker of rechargeable cars, said it’s awaiting a sale of the Michigan plant that makes lithium-ion batteries for its Karma so it can resume production of the plug-in sedan.
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General Motors Co. said the engineer who oversaw the Chevrolet Volt plug-in sedan’s development and production for the past six years has left the company.
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Fisker Automotive Inc., the rechargeable-car maker that’s seeking a partner or a buyer, hired Huron Consulting Group Inc. to help manage day-to-day operations during negotiations.
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