How Fisker Blew $1.4 Billion And Lost $35,000 On Each Car

Just how bad were things at Fisker before they ceased production, laid off their staff and got hauled before Congress over all the money they borrowed? Much worse than you might have imagined, according to a new special report from Reuters.

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56% Of Carmakers Who Asked For Government 'Green' Loans Are Dead

What do Carbon Motors' BMW-powered police car, Aptera Motors' electric three wheeler, and Fisker's luxury sedan have in common? Two things: they asked the government for loans, and they're dead, as are more than half of the car companies who sought loans, according to documents obtained via a Freedom of Information…

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Is This Proof The New Lincoln MKS Is Going To Be Mustang-Based?

This is The Morning Shift, our one-stop daily roundup of all the auto news that's actually important — all in one place at 9:00 AM. Or, you could spend all day waiting for other sites to parse it out to you one story at a time. Isn't your time more important?

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GM Exec Who Called Global Warming A 'Crock Of Shit' Wants Fisker

Fiskers are efficient luxury hybrids. Former GM Exec Bob Lutz didn't like that, so he had the hybrid system ripped out, threw in a supercharged V8, and the VL Destino was born. Now, with Fisker doing poorly, VL has reportedly put in a bid to buy the company. V8 Karmas for everyone!

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Meet The 'Inflatable Car' Inventor Suing The U.S. For $675 Million

The U.S government's green car program has been under scrutiny with the recent failure of two of the companies that received the loan, including coverage of a $675 million lawsuit by an inventor claiming he was denied funding for his inflatable electric car company because of politics. What hasn't gotten much scrutiny …

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How You Should Feel About Fisker Depending On Your Political Views

Members of the House Oversight and Government Reform Committee today took turns alternately hammering or defending the U.S. Department of Energy's loans to sinking hybrid manufacturer Fisker Automotive. Not much was revealed about Fisker's current status, but there was plenty of what Congress is best at: partisan…

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Fisker Kept Taking Taxpayer Money Even After Defaulting On Their Loans

Here's a nice warm thought in case you're an American who filed your taxes recently: soon-t0-be-failed luxury hybrid manufacturer Fisker Automotive was allowed to receive loan money from the U.S. Department of Energy even after they violated the terms on multiple occasions, according to a new report.

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Fisker Reportedly Lost $557,000 On Every Karma

This is The Morning Shift, our one-stop daily roundup of all the auto news that's actually important — all in one place at 9:00 AM. Or, you could spend all day waiting for other sites to parse it out to you one story at a time. Isn't your time more important?

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