Fisker heads toward liquidation as creditors fight over assets

[FL SAAC]

Fisker heads toward liquidation as creditors fight over assets
https://finance.yahoo.com/news/fisker-heads-toward-liquidation-creditors-190845869.html

[pbf777]

    "The California-based company, founded by automotive designer Henrik Fisker, was never profitable,.........."

    And, I just wonder how much the "Tax-Payers" may have invested in this flim-flam!   

    Scott.

    P.S. Pass me some more of the Kool Aid!   

[98SVT - was 06GT]

Can Rivan be far behind? Ford got out of that partnership which was part of their billion+ EV loss.

Henry's great granddaughter Alexandra Ford English was "Ford's seat"  on Rivan's Board. She started working for Ford in 2017 after stints with fashion designer Tory Burch and retail conglomerate Gap Inc. I'm certain her  bachelor's degree from Stanford in Human Biology with a concentration in the Neurobiology and Physiology of Human Behavior has prepared her for the job.

[mark p]

^^^ you guys are great.
I appreciate the insight.

There seems to be an unlimited supply of that "KoolAid" here in NJ  (the Governor wants us to be the most progressive state in the Union) - but somehow I don't have any 

And thanks for the nepotism info... that sounds like a great resume 

[FL SAAC]

This is jus the beginning,  the ripple effects will be felt for quite sometime.

The Fisker emplyees, cities, counties, all vendors and suppliers will suffer.

[tesgt350]

After their First time at Bankruptsy some Company started buying up New Fisker's from Car Dealerships and installing Corvette Drivetrains in them. 

[Royce Peterson]

Investing in that sham was a poor decision. Hopefully the board of directors at Ford will realize that.

[mark p]

... and then we see this headline in AutoWeek:
"VW Partners With Rivian And Invests $1 Billion—With More To Come.
VW expects to drop another $4 billion in the coming years"
https://www.autoweek.com/news/a61427728/vw-partners-with-rivian/?source=nl&utm_source=nl_aut&utm_medium=email&date=062724&utm_campaign=nl35858595&user_email=f204f292c004df1d9cf94f55a2e01c07388e4706b5d714ed37269bda4030bd26&GID=f204f292c004df1d9cf94f55a2e01c07388e4706b5d714ed37269bda4030bd26&utm_term=TEST-%20NEW%20TEST%20-%20Sending%20List%20-%20AM%20180D%20Clicks%2C%20NON%20AM%2090D%20Opens%2C%20Both%20Subbed%20Last%2030D

I guess once all the windmills are built/operational, the charging systems are improved and networks are completed, things will turn around?     
Is "drop" really the word that they wanted to use there?

[98SVT - was 06GT]

... and then we see this headline in AutoWeek:
"VW Partners With Rivian And Invests $1 Billion—With More To Come.

It's a joint software development deal. They are after the co-owned (Rivan/Ford) technology that the Ford money helped develop.