Fisker Files For Bankruptcy. Owes $1 Billion.

Fisker Files For Bankruptcy. Owes $1 Billion. BY   VIKNESH VIJAYENTHIRAN Electric car startup Fisker Automotive has finally filed for Chapter 11 bankruptcy, more than one year since it last built one its $103,000 Karma extended-range electric sedans. It means Fisker will fail to pay its remaining portion of a $192 million loan awarded to it… Continue reading Fisker Files For Bankruptcy. Owes $1 Billion.

U.S. Senate Nails Tesla

From The U.S. Senate Hearing Testimony Today: “Whether Tesla remains profitable remains to be seen and because many of the projects for both DOE ATVM and loan guarantees are in relatively early stages of development,labeling them successes is premature and if they do go bankrupt, the taxpayer funds are merely providing a lifeline. However,if Tesla’s… Continue reading U.S. Senate Nails Tesla