Former BMW designer Henrik Fisker announced plans Tuesday to relaunch his electric vehicle efforts three years after a bankruptcy with his venture that made high-priced cars popular with celebrities.
Fisker's effort aims to revive his rivalry with Tesla, promising a premium, all-electric successor to his 2012 Fisker Karma with "a patented battery that will deliver a significantly longer life and range than any battery currently on the market," a statement from the reconstituted company Fisker Inc. said.
The relaunch comes after a high-profile bankruptcy by Fisker Automotive, which received $192 million in US government loans and left $139 million of that unpaid.
[...] In addition, Fisker is developing a "mass-market, affordable electric vehicle that will retail for less than its competitors, but will feature a longer electric range," it added.
Now that the bigger car companies are getting into the electric vehicle (EV) market, has Fisker missed its window?
(Score: 3, Interesting) by DeathMonkey on Friday October 07 2016, @05:27PM
Why is it that government money is always mentioned in these stories about alternative energy?
Well, we all know why. But, it's especially ironic considering that loan guarantee program earned a $5 billion dollar profit. [bloomberg.com]
(Score: 2, Insightful) by Anonymous Coward on Friday October 07 2016, @05:57PM
> Well, we all know why.
Because a shallow and cynical narrative is soothing like a warm blanket for the lazy-minded?
(Score: 3, Informative) by bob_super on Friday October 07 2016, @06:06PM
Because government is bad bad bad bad and cannot do anything right. Only the markets can do the VC job, get a positive return on investment, and only the markets can spur research and innovation. Nothing good ever comes out of the government oppressively expanding beyond its 18th-century definition.
Everyone working for the government (except for our brave soldiers) is also evil and wasteful and secretly plotting to change our perfect 18th-century-slavers' dream into a totalitarian state full of men dressed as little girls.