Hitting the Books: The spectacular financial failures of Fisker Automobiles


Business CEO Henrik Fiskers description? For Fisker, assembling its automobiles in Finland wasnt enough to keep the company in the company of winning– or in service at all, for that matter: In December 2011– just one month after Fisker started delivering its very first automobiles to consumers– the company provided a recall of all vehicles produced between July 1, 2011, and November 3, 2011.14 The reason: A malfunctioning battery (a problem with the hose pipe secures made the lithium-ion battery susceptible to both brief circuits and fires).”From there, things just got even worse: In October 2012, Fisker stopped car production after A123 Systems, the business that produced the Karmas (faulty, fire-prone) batteries, went bankrupt. 16) A year later, Fisker was acquired at auction by the U.S. system of the Wanxiang Group.On September 13, 2013, the Department of Energy published a lengthy upgrade on its website, describing Fiskers failures and the status of the loans. Federal government funding distorts the investment risk to such a degree that even business that are commercially inviable– such as Fisker– can appear nearly alluring.

For Fisker, assembling its automobiles in Finland wasnt enough to keep the company in the business of winning– or in organization at all, for that matter: In December 2011– simply one month after Fisker started providing its first automobiles to consumers– the company released a recall of all automobiles made between July 1, 2011, and November 3, 2011.14 The reason: A faulty battery (an issue with the pipe secures made the lithium-ion battery vulnerable to both short circuits and fires).”From there, things simply got even worse: In October 2012, Fisker halted lorry production after A123 Systems, the business that made the Karmas (malfunctioning, fire-prone) batteries, went insolvent. 16) A year later, Fisker was bought at auction by the U.S. system of the Wanxiang Group.On September 13, 2013, the Department of Energy posted a lengthy update on its site, outlining Fiskers failures and the status of the loans.


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