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Fisker to face Congressional committee probe

Henrik Fisker's congressional testimony on Wednesday before the House Oversight and Government Reform Committee will paint the automaker he founded as a victim of "a confluence of events" and as a still-salvageable enterprise. Fisker, who resigned from Fisker Automotive on March 13, is among the automaker and government representatives scheduled to appear before Congress to answer questions regarding $193 million in Department of Energy loans made to the company. Fisker Automotive has appeared to be on the brink of filing for bankruptcy for the past few weeks.

Henrik Fisker wants to buy back Fisker

The resignation of Henrik Fisker in March from the eponymous company he worked so hard to build in to a credible ‘Green’ car company precipitated the meltdown of Fisker, which now stands on the edge of bankruptcy over $171 million owed to the US government. But Henrik Fisker has a plan. He’s teamed up with Hong Kong billionaire Richard Li – a Fisker investor – to try and buy the US government debt and save Fisker from being crushed by bankruptcy.

Car Design News Contest 2008 - Deadline for entries in just over a week!

The Car Design News Contest 2008 deadline for entries is on Wednesday March 26th - just over a week's time! Entries in both the Professional Designer category and the Student Designer category will have to be submitted by this date - no late entries will be accepted - as the assessment process takes place directly afterwards. Each entry needs to be uploaded onto the Entry Submissions page of the Car Design News Contest site as "snap shot" views of a digital design model.