Posted by Dale Buss on May 28, 2013 03:41 PM
Ex-GM executive Bob Lutz has been resolute in his support of the Chevrolet Volt that he championed when he was vice chairman and product czar at General Motors a few years ago. Now he's singing the praises of another electric car with a patchy record: the Fisker Karma.
In fact Lutz, bon vivant, former jet-fighter pilot and one of the most celebrated of the few true American auto-industry heroes of the last 20 years, likes Fisker so much that he wants to buy it—the company, not the car—along with some Chinese investors.
Trouble is, another investor group aiming at Fisker Automotive has also surfaced in the last few days. This one is also backed by Chinese investors but is headed by Henrik Fisker, co-founder of the company and designer of the Karma who left it a few weeks ago after a fallout with other top executives over strategy. Hong Kong billionaire Richard Li, a Fisker investor, is his partner.Continue reading...
Posted by Abe Sauer on May 24, 2013 11:45 AM
China is the second largest economy in the world and every significant brand's future is impacted by its growth (or collapse)—but who's got the time?! Here's the week's reads that will make you look like a keen China observer in case you find yourself immersed in a cultural conversation.
This week: Shanghai's Gangnam Bar... Maxi pad branded-content... Huang Xiaoming for Busen... Mocking Forrest Gump... Hershey and Nestle... Lenovo PC profits... China buys Fisker... Gatsby, Tesco woes... Hello Kitty melons... Art Basel hits Hong Kong... and more.Continue reading...
Posted by Dale Buss on April 23, 2013 09:28 AM
Netflix reports strong subscriber growth.
Amazon may be planning to open a store in London, reports say.
Ford is reaching record profit on growing sales of Fusion, as company extends programmatic ad buying to online video.
Twitter reportedly reaches deal with Publicis' Starcom MediaVest Group for hundreds of millions over several years.
Airbus strategy for big A350 is being vindicated.
Apple grapples with hardware-software identity crisis.
Burger King tests delivery in Los Angeles.
Cadillac eyes smaller cities for Chinese luxury share.
Del Taco debuts revamped menu.
DuPont more than doubles profit.
Fisker loses $21 million to US seizure.
Google CEO Eric Schmidt belittles importance of UK taxes.Continue reading...
Posted by Dale Buss on April 19, 2013 09:19 AM
IBM may sell part of its server unit to Lenovo, misses estimates for first time since 2005 and struggles to deal with mobile computing shift.
AB InBev reportedly strikes deal with US on Modelo acquisition, as Busch heir resigns from NRA in wake of gun control bill's defeat in US Senate.
Dell sees Blackstone end its pursuit.
Adidas brings out "Boston Stands As One" t-shirt as CVS Caremark pledges to raise money for bombing victims, along with JetBlue and other companies.
Al Jazeera pushes back U.S. launch date.
Amazon may be unveiling mobile payments solution according to patent filing.
The Atlantic magazine plans to launch paid digital content.
Avis taps celebrities to target "professionals" in new ad campaign.
BBC America and Twitter announce content-sharing partnership.
Boeing may see FAA clearance for Dreamliner as early as today.Continue reading...
Posted by Dale Buss on April 10, 2013 09:17 AM
Chrysler recalls more than 214,000 vehicles.
JCPenney acting CMO Sergio Zyman canvasses adland for marketing help as Macy's/Martha Stewart trial rolls on.
GM returns to Facebook advertising with mobile test for Chevy Sonic as it provokes unionists in Korea with talk about pullout, and Facebook widens data targeting for advertisers.
Aereo finds broadcasters circling the wagons against its streaming model.
Apple and Yahoo discuss deeper iPhone partnership, WSJ says.
Beech-Nut teams with Goya to launch Hispanic baby food line.
Behr launches social media program to market paint.
Cablevision Systems gives more responsibilities to wife of CEO.
Cannes Lions Festival adds jury on Branded Content and Entertainment.
Chili's begins marketing pizza nationwide.
Facebook has yet to monetize billion-dollar Instagram acquisition.
Fiat becomes more reliant on US and Asia for growth.
Fisker Automotive prepares to file under Chapter 11 soon.
Frontier Airlines may be on the block, WSJ says.Continue reading...
Posted by Dale Buss on April 9, 2013 09:03 AM
Aereo TV streaming service from Barry Diller faces showdown with News Corp.'s Rupert Murdoch, who threatens to take FOX cable-only, as Intel cooks up its vision of future of TV.
Apple, which can now trademark iPad mini in U.S. and captured 74% of mobile app revenue in Q1, reportedly will release new iPhone 5S in "at least" two screen sizes.
Billabong in talks to sell out for $300 million.
Airbus juggles order book to meet record demand for A320neo Jet.
AT&T joins Boeing in backing U.S. cyber bill facing privacy fight.
Audi promotes in-vehicle Wi-Fi in new TV campaign.Continue reading...
Posted by Dale Buss on April 5, 2013 07:23 PM
"New isn't easy. Building the future never is..."
Well, we couldn't have said it better ourselves. The words of electric car maker Fisker Automative ring extra true as more devastating news rolls out of the struggling company. And worse, the Fisker electric-car experiment appears to be crumbling as the Tesla electric-car experiment seems to be achieving liftoff velocity. The differing outcomes have come down to the basics of business, such as picking the right partners and suppliers, counting on the right sources of financing, getting the product right—and enjoying a bit of luck.
Fisker said today that it laid off 75 percent of its more than 200 employees, most of them in Anaheim, Calif. The move appeared to be a concession that about the only option left for the company is liquidation of its assets, after a horrible several months in which its battery supplier went belly up, it couldn't obtain new financing and then its founder left in a dispute over financing.
"Our efforts to secure a strategic alliance or partnership are continuing in earnest, but unfortunately we have reached a point where a significant reduction in our workforce has become necessary," Fisker said in a statement this afternoon, according to Automotive News. "This was a necessary strategic step in our efforts to maximize the value of Fiscker's core assets."Continue reading...
Posted by Dale Buss on March 18, 2013 09:11 AM
Samsung appoints co-CEOs.
Wall Street Journal was subject of Justice Department investigation tied to News Corp. hacking scandals.
Nike is propelled by basketball shoes and ties to NFL.
Adidas brings girls together in new worldwide social-media program.
Apple's next iPhone may be unlockable by fingerprint.
Beechcraft is dealt a new setback by Pentagon in Afghan contract.
BuzzFeed plans to launch a business section.
Chrysler plans to launch an all-new version of the Chrysler 200.Continue reading...