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Fisker battles problems as the Karma finally lurches toward launch
Tue, 24 Jan 2012All Henrik Fisker wants is to build his plug-in hybrid cars and deliver them to customers--some of whom have been waiting three years since plunking down $5,000 deposits. Instead, he has been fending off criticisms aimed at his green-car company as shipments of his $103,000 Karma plug-in hybrid sedan have been delayed by cash flow troubles, regulatory snarls and a recall. But when a startup such as Fisker Automotive accepts a Department of Energy loan in a down economy, having the company tossed around like a political football comes with the territory.
Ferrari looks at layoffs, cuts back production
Wed, 12 May 2010We guess it's not all GTOs and 458 Italias. The word out of Italy is that Ferrari is looking at cutting production and eliminating 9 percent of its workers after sister company Maserati cut engine orders. Ferrari made only about 4,500 engines for Maserati last year, compared with nearly 9,000 in 2008.
Lotus sues Dany Bahar for £2.5 million
Sat, 01 Dec 2012Lotus are suing ousted CEO Dany Bahar for £2.5 million to recover the cost of his expensive lifestyle billed to Lotus. It seems DBR-HiCom, new owners of Proton (which own Lotus), took one look at the mess in Hethel and dumped Bahar, replacing him with engineer Aslam Farikullah to try and re-focus Lotus on its core products and engineering instead of pursuing Bahar’s fantasy of churning out the biggest range of luxury supercars of any car maker on the planet. That ousting led to Bahar issuing proceedings against Lotus for £6.7 million in August for wrongful dismissal (which gives you some idea of Bahar’s estimate of his own worth).