Talks between Fisker and Nissan have collapsed, the troubled EV start-up reported. And with its shares plunging on the news, trading was halted on the Nasdaq exchange as the likelihood of a bankruptcy filing grow larger.
Personalities
Fisker Shares Collapse After Bankruptcy Report
Danish automotive designer and entrepreneur Henrik Fisker may be heading for a second bankruptcy. Shares of Fisker went into freefall Thursday after the Wall Street Journal reported the executive’s latest car company is seeking the help of restructuring experts in preparation for a possible bankruptcy. Earlier this month, Fisker advised analysts and investors the startup is facing going-concern risks due to slow sales and weak revenues. It is unclear whether a potential tie-up with Nissan will be enough to overcome a fast-worsening cash crunch.
High Adventure on the Alcan 5000 Winter Rally
With my own eyes, I saw a large lynx cross the road ahead of us as we rounded a corner, with a sizable hare in its mouth destined to become the cat’s next meal. The lynx was massive, perhaps 40 pounds, and sleek in its ticked white winter coat. Read more at www.headlight.news.
Aston Martin is the Latest to Delay its EV Plans
Aston Martin is following the lead of manufacturers including Ford, General Motors and Volkswagen, responding to slowing growth in the EV market by delaying the launch of its first all-electric model by at least a year. Find out more at Headlight.News.
From “Ruin Porn” to High-Tech Hub: Ford Set to Reopen Long-Abandoned Michigan Central Station
When it opened 110 years ago, the Michigan Central depot was the tallest train station in the world and a showpiece for a city at its peak. Since it shut down in 1988, however, it’s been a symbol of urban decay and the decline of Detroit, in particular. Now, after a...
UAW Chief Fain Blasts CEO Farley for Comments on Ford’s Future
UAW President Shawn Fain clapped back at Ford CEO Jim Farley after the automaker’s chief expressed disappointment in the union’s decision to strike Ford and concern about how it may change the relationship between the two. Fain suggested it may be time for the automaker to get a different CEO, among other things. Find out more at Headlight.News.
Q&A: Chris & Julie Ramsey Talk About Their 10-Month, Pole-to-Pole Journey in an EV
Julie Ramsay had no idea what to expect when husband Chris Ramsey bought his first Nissan Leaf a decade ago — but the two quickly fell in love with EVs and, since then, have headed out on a series of adventures to test the limits of the technology and disprove many of the myths about battery technology. They first drove entirely around England, then took a 10,000-mile adventure to Mongolia. Their latest adventure set a new record, driving 22,000 miles over 10 months from the North to South poles. In an exclusive interview, Headlight.News spoke with the Ramseys about their pole-to-pole adventure – and what might be next.
GM Keeps Pushing Toward All-Electric Future, Hiring Former Tesla Exec
General Motors is staying the course, it would seem, when it comes to its all-electric future. The company announced it has hired a former Tesla executive to oversee its battery development and operations. Find out more at Headlight.News.
Money, Drugs, Elon Musk and the Tesla Board of Directors
Elon Musk created a fair share of controversy several years ago when he appeared to smoke a joint during an appearance with podcaster Joe Rogan. A new report is kicking up even more dust, the Wall Street Journal alleging money and drugs have improperly tied the Tesla CEO to the same board of directors that previously approved a $55 billion pay package for Musk.
Court Rejects Musk’s “Unfathomable” $55.8 Billion Tesla Pay Package
Calling the deal “unfathomable,” a Delaware court has blocked the $565 billion pay plan awarded Tesla CEO Elon Musk in 2018. The move could spell trouble for Musk’s current demand for 25% control of the EV maker while also raising concerns about his floundering social media site, X, which relied on loans backed by Tesla stock. More from Headlight.News.
UAW Fights Cold, History During Massive Organization Drive
UAW President Shawn Fain’s gone South, as part of his ambitious plan to expand the union’s ranks. Now is the time to strike, er make a move, as the union just won a massive contract with the Detroit automakers. The elements are slowing his pace, but progress is being made. Check out the story at Headlight.News.
As UAW Organizing Drive Gains Traction, Tesla Raises U.S. Wages
Tesla has become the latest automaker to raise wages for its U.S. workers, a move that industry-watchers see as an effort to stall an organizing drive by the United Auto Workers Union. The Texas-based EV manufacturer is seen as particularly vulnerable, especially at its California assembly plant which has faced numerous complaints about racial and sexual harassment and unsafe working conditions.