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Keyword: fisker

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  • Will we soon be able to charge electric cars in just a minute? [Super capacitors?]

    01/18/2018 12:50:56 PM PST · by Red Badger · 57 replies
    www.irishtimes.com ^ | Wed, Jan 10, 2018, 07:20 | Neil Briscoe
    Former Aston Martin designer to challenge Tesla with claims of dramatic breakthrough Henrik Fisker at CES in Las Vegas, says the solid-state batteries have the potential to be much cheaper to make than lithium-ion batteries. ____________________________________________________________________________________________________________________________________ In an announcement designed, surely, to take some of the wind from Tesla’s sails, Henrik Fisker is claiming to have made a dramatic breakthrough in battery technology. Fisker, who left a job as chief of design at Aston Martin to set up his own eponymous car company, says that he’s filed patents on a new design of so-called “solid state” batteries, which can theoretically...
  • Ford Goes 'All In' on Electric Cars With $11 Billion Investment

    01/15/2018 12:58:38 PM PST · by cp124 · 149 replies
    Industry Week ^ | 1/15/2018 | cp124
    Ford Motor Co. will more than double spending on electrified vehicles, amplifying its investment in a segment that the auto industry sees growing from what’s now just a fraction of the market. The carmaker will shell out $11 billion bringing 40 electrified vehicles to market by 2022, Jim Farley, president of global markets, said during a presentation at the Detroit auto show. That’s up from the $4.5 billion that Ford said in late 2015 it would invest through the end of the decade. “This $11 billion you’re seeing, that means we’re all in now,” Executive Chairman Bill Ford told reporters...
  • Claim: Hydrogen powered cars for the masses one step closer to reality

    11/20/2017 11:04:13 AM PST · by Signalman · 64 replies
    WUWT ^ | 8/20/17 | Anthony Watts
    UCLA researchers have designed a device that can use solar energy to inexpensively and efficiently create and store energy, which could be used to power electronic devices, and to create hydrogen fuel for eco-friendly cars. The device could make hydrogen cars affordable for many more consumers because it produces hydrogen using nickel, iron and cobalt — elements that are much more abundant and less expensive than the platinum and other precious metals that are currently used to produce hydrogen fuel. “Hydrogen is a great fuel for vehicles: It is the cleanest fuel known, it’s cheap and it puts no pollutants...
  • Fisker patents solid-state battery that promises 500-mile range, 1-minute charging [Maybe]

    11/15/2017 6:00:50 AM PST · by jjotto · 23 replies
    Motor Aurhority ^ | Nov 15, 2017 | Viknesh Vijayenthiran
    Solid-state batteries represent the holy grail for automakers as they promise a driving range for electric cars comparable to internal combustion models, along with charging that could end up quicker than the time it takes to fill a gas tank. Revived electric car company Fisker has now revealed that it’s filed patents for solid-state battery technology that could enable a range of 500 miles and a charging time of just one minute. The key are three-dimensional electrodes that have 25 times more surface area than flat thin-film solid-state electrodes, along with high electronic and ionic conductivities. According to Green Car...
  • New Fisker ready to reopen in California?

    06/19/2015 2:46:39 PM PDT · by Red Badger · 16 replies
    www.autoblog.com ^ | Jun 19th 2015 at 1:28PM | Staff
    No Word On When New Owner Wanxiang Will Start Making Cars We've reported extensively about Tesla Motors developing its massive Gigafactory in the hinterlands near Reno, Nevada. Now, reports are coming out that the most recent incarnation of Fisker Automotive will build a factory about halfway between Los Angeles and Palm Springs. There's lots of land left out there for any other aspiring plug-in automakers. Fisker, which is now owned by China-based Wanxiang, already has offices in Costa Mesa, CA, and employs about 200 people there, according to the Orange County Register. Now, Fisker will build a 556,000-square-foot plant in...
  • Remember Solyndra? Those loans are making money (o rly?)

    11/13/2014 6:54:33 PM PST · by Olog-hai · 9 replies
    Washington Post Wonkblog ^ | November 13, 2014 at 8:26 AM | Max Ehrenfreund
    Lost in the hubbub following President Obama’s climate agreement with China was a smaller bit of surprising environmental news Wednesday: the Department of Energy’s loan program is expected to make money for taxpayers. Most people are familiar with the program because of Solyndra, a solar-panel manufacturer that went bankrupt in 2011 after borrowing $528 million from the federal government. […] You can’t avoid defaults when you lend money, though, and on balance, the loans are being repaid. A report released in the next several days will give the department’s first estimates of how the program is performing financially: the loans...
  • Taxpayers lose $139 million on Fisker Automotive loan

    11/25/2013 7:16:47 PM PST · by DBCJR · 3 replies
    dailycaller.com ^ | 3:59 PM 11/22/2013
    Happy Thanksgiving from the Obama administration. The Energy Department has sold off its $192 million loan guarantee to Fisker Automotive to Chinese billionaire Richard Li for $25 million — the biggest taxpayer loss on a green loan since the failure of Solyndra. The Energy Department will announce the “selling of the promissory note” to Hybrid Tech, which is owned by Chinese billionaire Richard Li, according to sources familiar with the sale. The DOE sold the loan to Li for $25 million after lending the financially troubled green automaker a total of $192 million since 2009. “Once again, American taxpayers are...
  • About that failed Fisker loan costing U.S. taxpayer $130+ mil.? Scratch that. It Might be way more.

    11/25/2013 5:59:18 PM PST · by SeekAndFind · 6 replies
    Hotair ^ | 11/25/2013 | Erika Johnsen
    On Friday, I mentioned that it seems that the odyssey of fail that was the Obama administration’s commitment to “investing” in Fisker Automotive was finally drawing to a merciful close, as the Department of Energy managed to (kind of shadily?) auction off the down-and-out company to some Chinese investors. With the deal, Americans taxpayers would only be taking a net hit of an oh-so-trifling $130 million or so. No big deal, right?Wrong.The Department of Energy originally extended Fisker a $529 million line of credit back in the 2009 stimulus effort, but cut off the already ailing Fisker in 2011 after...
  • Energy Department to lose millions on electric car maker loan

    11/24/2013 5:24:36 PM PST · by Extremely Extreme Extremist · 18 replies
    10 NEWS.COM ^ | 23 NOVEMBER 2013 | 10 NEWS.COM
    <p>WASHINGTON - The Energy Department says it will lose $139 million on a loan to struggling electric car maker Fisker Automotive Inc.</p> <p>The government sold the loan for $25 million Friday to Hybrid Technology LLC, a holding company that plans to keep the California carmaker operating.</p>
  • U.S. Eats Another Loss On Green Tech Car Loan

    09/06/2013 11:38:20 AM PDT · by george76 · 18 replies
    Forbes ^ | 9/06/2013 | Joann Muller
    Humvee manufacturer AM General paid $3 million at auction to purchase the U.S. Department of Energy‘s loan to Vehicle Production Group, a defunct maker of wheelchair-accessible vans that struggled to meet performance targets and shut down earlier this year. Together with $5 million seized from the company’s accounts in April, that means the DOE recovered just $8 million of the $50 million it loaned VPG back in March 2011 under a government program designed to promote advanced technology vehicles. VPG’s plan was to sell handicapped vans that run on compressed natural gas. Taxpayers also took a loss on the collapse...
  • More Loan Disasters Like Fisker and Solyndra Could Be On the Way

    09/02/2013 10:21:48 AM PDT · by SeekAndFind · 8 replies
    Pajamas Media ^ | 09/01/2013 | BECKY GRAEBNER
    The word on the street is that the Obama administration is ready to reignite the Department of Energy loan program for alternative vehicles. I think I’ve harped on Fisker Automotive, Vehicle Production Group and the battery-failure twins Solyndra and A123 Systems enough for you all to remember that each one of these flops received large loans from DOE… and failed to pay them back. The controversial loan program was taken offline by then department head Steven Chu two years ago. Well, it’s back. Chu’s successor, Ernest Moniz, is hoping that the department can jump-start the loan program again — and...
  • Details Revealed of Fisker's Waste and Mismanagement

    06/21/2013 10:59:37 AM PDT · by jazusamo · 8 replies
    NLPC ^ | June 21, 2013 | Paul Chesser
    As NLPC has covered Fisker Automotive’s catastrophic flop over the last few years since it was granted a $529-million taxpayer-guaranteed loan from the Department of Energy, one big question that repeatedly came up was: How could a company that produced only one electric car model burn through $1.4 billion in investment so quickly? Reuters uncovered a number of reasons in a report published earlier this week. Citing documents and some sources, mostly anonymous, the news syndicate painted a disturbing picture of mismanagement, incompetence, disinformation, and squander. While businesses stumble and go out of business every day, Fisker’s case illustrates why...
  • Special Report: Bad Karma: How Fisker burned through $1.4 billion on a 'green' car

    06/17/2013 6:05:56 AM PDT · by Oldeconomybuyer · 14 replies
    Reuters ^ | June 17, 2013 | By Deepa Seetharaman and Paul Lienert
    Fisker Automotive hasn't built a car in nearly a year. It fired most of its workforce, hired bankruptcy advisers and is seeking a buyer. Co-founder Henrik Fisker resigned in mid-March in a dispute with some of the directors. And despite raising $1.4 billion in private and public funds since its founding in 2007, the company is out of cash. For months, key investors have been footing the car maker's day-to-day expenses to keep it alive in diminished form. The Energy Department has repeatedly defended its handling of the Fisker loan. Nicholas Whitcombe, who previously led the DOE loan program, told...
  • Courts and Congress give Obama adult supervision (Obama failing on many fronts)

    04/27/2013 1:51:35 PM PDT · by what's up · 7 replies
    Washington Post ^ | Apr 23, 2013 | George Will
    Rep. Jeb Hensarling (R-Tex.), chairman of the Financial Services Committee, has told Richard Cordray not to bother. This is part of the recent evidence that government is getting some adult supervision. Barack Obama used a recess appointment to make Cordray director of the Consumer Financial Protection Bureau. But a federal circuit court has declared unconstitutional three other recess appointments made the same day because the Senate was not in recess. So Hensarling has told Cordray not to testify before his committee: “Absent contrary guidance from the United States Supreme Court, you do not meet the statutory requirements of a validly...
  • Administration Denies Reality at Fisker Congressional Hearing

    04/25/2013 11:03:04 AM PDT · by jazusamo · 11 replies
    NLPC ^ | April 25, 2013 | Paul Chesser
    As the Department of Energy seized the last of Fisker Automotive’s reserves in lieu of an unknown amount that it was due to repay this week, what’s left of the lame electric automaker clings to the slim hope it can survive. While CEO Tony Posawatz and his team may need an intervention, a hearing before the House Oversight and Government Reform Committee yesterday revealed that DOE and committee Democrats (as well as those in the Obama administration) are hopelessly stuck in an alternate universe, where losing millions of taxpayer dollars is considered a good record. Republicans had called officials from...
  • 47 depressing facts about Fisker’s epic electric car failure

    04/24/2013 1:11:26 PM PDT · by theruleshavechanged · 20 replies
    Washington Examiner ^ | Wednesday April 24, 2013 | Charlie Spiering
    “Bankruptcy now appears unavoidable, and a political reckoning is coming” writes the New York Time’s Bill Vlasic today about Fisker Motors, the Obama administration’s pet electric car company that received millions in federal loans. Vlasic described the car company as the “Solyndra of Electric car companies.” As Congress prepares to grill the leaders of Fisker Motors this afternoon, here are 47 depressing facts about Fisker:
  • Fisker Failure was Easy to See Coming

    04/24/2013 7:50:14 AM PDT · by jazusamo · 12 replies
    NLPC ^ | April 24, 2013 | Mark Modica
    While hindsight may always be 20/20, foresight should be pretty clear in many instances as well. The Fisker failure was one of these times. Many saw the folly in spending hundreds of millions of taxpayer dollars to support the green debacle. In fact, the Associated Press has reported that even the Obama Administration had warning of the Fisker loan risks back in April of 2010 when the Energy Department began emailing their concerns. Congress will be holding hearings starting today to address the scandalous waste of taxpayer money on Fisker. Reuters states one of the goals of the hearing, "'The...
  • Bad Karma: Obama admin kept funding Fisker while knowing it was failing

    04/24/2013 7:05:55 AM PDT · by SeekAndFind · 5 replies
    Hotair ^ | 04/24/2013 | Ed Morrissey
    Stop me if you've heard this before. An administration walks into Congress and insists on billions of dollars to "invest" in green-tech startups, then loses its shirt on bad bets — even while knowing the bets were bad. If that sounds like Solyndra, well, you're right — but it's also part of a pattern in which Barack Obama and the White House have treated taxpayer funds like Monopoly money. CBS and the AP unveil the latest example of this pattern, Fisker Automotive, which continued to get millions in taxpayer funds even while failing to meet the conditions of its loan:...
  • A look under the hood: why electric car startup Fisker crashed and burned

    04/21/2013 8:03:27 PM PDT · by Impala64ssa · 19 replies
    CNN Money ^ | 4/17/13 | Katie Fehrenbacher
    It was a shining moment for Fisker Automotive. In the summer of 2011, four years after the upstart electric car company opened its doors, its first cars were finally rolling off the factory line in Finland, and the sleek vehicles were landing in the garages of some of the biggest names in Hollywood, politics and Silicon Valley. Actor and Fisker investor Leonardo DiCaprio received one. Al Gore and Colin Powell were next in line. A couple months after that, boy megastar Justin Bieber got one for his 18th birthday as a present from his manager. The car even had its...
  • Lawsuit and a Congressional Hearing as Fisker Bankruptcy Nears

    04/11/2013 11:45:46 AM PDT · by jazusamo · 3 replies
    NLPC ^ | April 11, 2013 | Paul Chesser
    As green energy stimulus recipients raked in billions of dollars the last few years, with President Obama declaring what a great “investment” they were for taxpayers, friends of mine would jokingly ask, “Where’s my dividend?” “Where are my stock certificates?” “Where’s my free electric car?!” In the case of our $193-million stake in Fisker Automotive, thanks to a Department of Energy loan guarantee, it looks like American shareholders will end up with the whole company itself. With the Anaheim non-automaker (no cars produced since last summer) firing about 160 of its 200 remaining employees on Friday, a bankruptcy law firm...