Friday, March 15, 2024

Another EV Start-Up Fisker Exploring Bankruptcy...

This from survivethenews.com
Electric vehicle start-up Fisker is exploring bankruptcy, The Wall Street Journal reported this week.
Fisker’s stock plunged this week as investors worry about the company’s ability to survive amid a cash crunch. The auto company also said it would slash 15% of its workforce.
The Wall Street Journal reported:

Electric-vehicle startup Fisker FSR -55.88%decrease; red down pointing triangle has hired restructuring advisers to assist with a possible bankruptcy filing, according to people familiar with the matter.
Fisker, which recently warned that it risked running out of cash this year, hired financial adviser FTI Consulting and the law firm Davis Polk to work on a potential filing, the people said. The car company reported last month that it had $273 million in sales last year and more than $1 billion in debt.
Recall that Henrik Fisker previously owned Fisker Automotive which produced the EV hybrid called Fisker Karma. That company filed bankruptcy in 2013 after the Obama Regime loaned it millions of dollars. Obama knew Fisker Karma was going bust but he gave the ailing company millions anyway.
At least 36 of Obama’s taxpayer-funded green energy projects went belly up – Solyndra being the biggest green scam of all.
The complete list of faltering or bankrupt green-energy companies:

Evergreen Solar ($25 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
Nevada Geothermal ($98.5 million)
SunPower ($1.2 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million)* A123 Systems ($279 million)* Willard and Kelsey Solar Group ($700,981)* Johnson Controls ($299 million)
Schneider Electric ($86 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc. ($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.5 million)*
Stirling Energy Systems ($7 million)*
Azure Dynamics ($5.4 million)*
GreenVolts ($500,000)
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($151 million)
Nordic Windpower ($16 million)*
Navistar ($39 million)
Satcon ($3 million)*
Konarka Technologies Inc. ($20 million)*
Mascoma Corp. ($100 million)

Standing outside at a public charging station for a couple hours waiting for a full charge to an EV is not wise in these days of robberies and carjacking’s. But, we have to allow those on the left to learn life’s lessons on their own. Memo to the criminals, owners of electric cars are typically wealthy, and unarmed.

I want nothing to do with electric vehicles, I chose gasoline. Gas vehicles are now freedom; electric vehicles are subject to government and globalist control. If EV's were a good idea, laws would not have to be passed mandating them. Green energy is another Democrat scam to separate us from our hard earned cash.

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