Nick Malone is a rare and special seniorIsrael is carrying out its most intense wave of strikes on Lebanon's capital Beirut and its southern suburbs since the start of the 13-month war with Hezbollah, apparently signaling it aims to pummel the country in the final hours before any ceasefire takes hold. Israel's Prime Minister Benjamin Netanyahu gave a speech Tuesday evening saying he would ask his ministers to adopt a United States-brokered ceasefire agreement with Hezbollah. Less than an hour later, Israeli jets targeted a building in a bustling commercial area of Beirut and Israel's military issued new evacuation warnings, sending residents fleeing into the streets. Hezbollah also fired rockets into Israel, triggering air raid sirens across the country’s north. The ceasefire deal seeks to push Hezbollah and Israeli troops out of southern Lebanon. More than 3,760 people have been killed by Israeli fire in Lebanon the past 13 months, many of them civilians, according to Lebanese health officials. The bombardment has driven 1.2 million people from their homes. Hezbollah began attacking Israel on Oct. 8, 2023, a day after Hamas’ attack on southern Israel, in support of the Palestinian militant group. That has set off more than a year of fighting escalated into all-out war in September with massive Israeli airstrikes across Lebanon and an Israeli ground invasion of the country’s south. It’s not clear how the ceasefire will affect the Israel-Hamas war in Gaza, where more than 44,000 people have been killed and more than 104,000 wounded in the 13-month war between Israel and Hamas, according to Gaza’s Health Ministry. ——— Here's the Latest: WASHINGTON — Rep. Mike Waltz, President-elect Donald Trump’s designate to be national security adviser, credited Trump’s victory with helping bring the parties together toward a ceasefire in Lebanon. “Everyone is coming to the table because of President Trump,” he said in a post on X on Tuesday. “His resounding victory sent a clear message to the rest of the world that chaos won’t be tolerated. I’m glad to see concrete steps towards deescalation in the Middle East.” He added: “But let’s be clear: The Iran Regime is the root cause of the chaos & terror that has been unleashed across the region. We will not tolerate the status quo of their support for terrorism.” BEIRUT — Israeli jets targeted a building in a bustling commercial area of Beirut for the first time since the start of the 13-month war between Hezbollah and Israel. The strike on Hamra is around 400 meters (yards) from the country’s central bank. A separate strike hit the Mar Elias neighborhood in the country’s capital Tuesday. There was no immediate word on casualties from either strike, part of the biggest wave of attacks on the capital since the war started. Residents in central Beirut were seen fleeing after the Israeli army issued evacuation warnings for four targets in the city. Meanwhile, the Israeli army carried out airstrikes on at least 30 targets in Beirut’s southern suburbs Tuesday, including two strikes in the Jnah neighborhood near the Kuwaiti Embassy. Lebanon’s Health Ministry reported that 13 people were injured in the strikes on the southern suburbs. BEIRUT — Hezbollah has said it accepts the ceasefire proposal with Israel, but a senior official with the group said Tuesday that it had not seen the agreement in its final form. “After reviewing the agreement signed by the enemy government, we will see if there is a match between what we stated and what was agreed upon by the Lebanese officials,” Mahmoud Qamati, deputy chair of Hezbollah’s political council, told the Al Jazeera news network. “We want an end to the aggression, of course, but not at the expense of the sovereignty of the state.” of Lebanon, he said. “Any violation of sovereignty is refused.” Among the issues that may remain is an Israeli demand to reserve the right to act should Hezbollah violate its obligations under the emerging deal. The deal seeks to push Hezbollah and Israeli troops out of southern Lebanon. JERUSALEM — Israeli Prime Minister Benjamin Netanyahu said Tuesday that he would recommend his Cabinet adopt a United States-brokered ceasefire agreement with Lebanon’s Hezbollah, as Israeli warplanes struck across Lebanon, killing at least 23 people. The Israeli military also issued a flurry of evacuation warnings — a sign it was aiming to inflict punishment on Hezbollah down to the final moments before any ceasefire takes hold. For the first time in the conflict, Israeli ground troops reached parts of Lebanon’s Litani River, a focal point of the emerging deal. In a televised statement, Netanyahu said he would present the ceasefire to Cabinet ministers later on Tuesday, setting the stage for an end to nearly 14 months of fighting. Netanyahu said the vote was expected later Tuesday. It was not immediately clear when the ceasefire would go into effect, and the exact terms of the deal were not released. The deal does not affect Israel’s war against Hamas in Gaza, which shows no signs of ending. BEIRUT — Lebanon’s state media said Israeli strikes on Tuesday killed at least 10 people in Baalbek province the country’s east. At least three people were killed in the southern city of Tyre when Israel bombed a Palestinian refugee camp, said Mohammed Bikai, a representative of the Fatah group in the area. He said several more people were missing and at least three children were among the wounded. He said the sites struck inside the camp were “completely civilian places” and included a kitchen that was being used to cook food for displaced people. JERUSALEM — Dozens of Israeli protesters took to a major highway in Tel Aviv on Tuesday evening to call for the return of the hostages held by Hamas in Gaza, as the country awaited news of a potential ceasefire in Lebanon between Israel and Hezbollah. Protesters chanted “We are all hostages,” and “Deal now!” waving signs with faces of some of the roughly 100 hostages believed to be still held in Gaza, at least a third of whom are thought to be dead. Most of the other hostages Hamas captured in the Oct. 7, 2023 attack were released during a ceasefire last year. The prospect of a ceasefire deal in Lebanon has raised desperation among the relatives of captives still held in Gaza, who once hoped that the release of hostages from Gaza would be included. Instead of a comprehensive deal, the ceasefire on the table is instead narrowly confined to Lebanon. Dozens of Israelis were also demonstrating against the expected cease-fire, gathering outside Israel’s military headquarters in central Tel Aviv. One of the protesters, Yair Ansbacher, says the deal is merely a return to the failed 2006 U.N. resolution that was meant to uproot Hezbollah from the area. “Of course that didn’t happen,” he says. “This agreement is not worth the paper it is written on.” FIUGGI, Italy — Foreign ministers from the world’s industrialized countries said Tuesday they strongly supported an immediate ceasefire between Israel and Hezbollah and insisted that Israel comply with international law in its ongoing military operations in the region. At the end of their two-day summit, the ministers didn’t refer directly to the International Criminal Court and its recent arrest warrants for Israeli Prime Minister Benjamin Netanyahu and his former defense minister over crimes against humanity . Italy had put the ICC warrants on the official meeting agenda, even though the G7 was split on the issue. The U.S., Israel’s closest ally, isn’t a signatory to the court and has called the warrants “outrageous.” However, the EU’s chief diplomat Josep Borrell said all the other G7 countries were signatories and therefore obliged to respect the warrants. In the end, the final statement adopted by the ministers said Israel, in exercising its right to defend itself, “must fully comply with its obligations under international law in all circumstances, including international humanitarian law.” And it said all G7 members — Canada, France, Germany, Italy, Japan, the United Kingdom and the United States – “reiterate our commitment to international humanitarian law and will comply with our respective obligations.” It stressed that “there can be no equivalence between the terrorist group Hamas and the State of Israel.” The ICC warrants say there's reason to believe Netanyahu used “starvation as a method of warfare” by restricting humanitarian aid and intentionally targeted civilians in Israel’s campaign against Hamas in Gaza — charges Israeli officials deny. BEIRUT — An Israeli strike on Tuesday levelled a residential building in the central Beirut district of Basta — the second time in recent days warplanes have hit the crowded area near the city’s downtown. At least seven people were killed and 37 wounded in Beirut, according to Lebanon’s Health Ministry. It was not immediately clear if anyone in particular was targeted, though Israel says its airstrikes target Hezbollah officials and assets. The Israeli military spokesman issued a flurry of evacuation warnings for many areas, including areas in Beirut that have not been targeted throughout the war, like the capital’s commercial Hamra district, where many people displaced by the war have been staying. The warnings, coupled with fear that Israel was ratcheting up attacks in Lebanon during the final hours before a ceasefire is reached, sparked panic and sent residents fleeing in their cars to safer areas. In areas close to Hamra, families including women and children were seen running away toward the Mediterranean Sea’s beaches carrying their belongings. Traffic was completely gridlocked as people tried to get away, honking their car horns as Israeli drones buzzed loudly overhead. The Israeli military also issued warnings for 20 more buildings in Beirut’s suburbs to evacuate before they too were struck — a sign it was aiming to inflict punishment on Hezbollah in the final moments before any ceasefire takes hold. TEL AVIV, Israel — The independent civilian commission of inquiry into the October 2023 Hamas attack on Israel has found Prime Minister Benjamin Netanyahu directly responsible for the failures leading up to the attack, alongside former defense ministers, the army chief and the heads of the security services. The civil commission presented its findings today after a four-month probe in which it heard some 120 witnesses. It was set up by relatives of victims of the Hamas attack, in response to the absence of any state probe. The commission determined that the Israeli government, its army and security services “failed in their primary mission of protecting the citizens of Israel.” It said Netanyahu was responsible for ignoring “repeated warnings” ahead of Oct. 7, 2023 for what it described as his appeasing approach over the years toward Hamas, and for “undermining all decision-making centers, including the cabinet and the National Security Council, in a way that prevented any serious discussion” on security issues. The commission further determined that the military and defense leaders bear blame for ignoring warnings from within the army, and for reducing the army’s presence along the Gaza border while relying excessively on technological means. On the day of the Hamas attack, the report says, the army’s response was both slow and lacking. The civil commission called for the immediate establishment of a state commission of inquiry into the Oct. 7 attack. Netanyahu has opposed launching a state commission of inquiry, arguing that such an investigation should begin only once the war is over. JERUSALEM -- The Israeli military says its ground troops have reached parts of Lebanon’s Litani River — a focal point of the emerging ceasefire. In a statement Tuesday, the army said it had reached the Wadi Slouqi area in southern Lebanon and clashed with Hezbollah forces. Under a proposed ceasefire, Hezbollah would be required to move its forces north of the Litani, which in some places is some 30 kilometers (20 miles) north of the Israeli border. The military says the clashes with Hezbollah took place on the eastern end of the Litani, just a few kilometers (miles) from the border. It is one of the deepest places Israeli forces have reached in a nearly two-month ground operation. The military says soldiers destroyed rocket launchers and missiles and engaged in “close-quarters combat” with Hezbollah forces. The announcement came hours before Israel’s security Cabinet is expected to approve a ceasefire that would end nearly 14 months of fighting. BEIRUT — Israeli jets Tuesday struck at least six buildings in Beirut’s southern suburbs Tuesday, including one that slammed near the country’s only airport. Large plumes of smoke could be seen around the airport near the Mediterranean coast, which has continued to function despite its location beside the densely populated suburbs where many of Hezbollah’s operations are based. The strikes come hours before Israel’s cabinet was scheduled to meet to discuss a proposal to end the fighting between Israel and Hezbollah. The proposal calls for an initial two-month ceasefire during which Israeli forces would withdraw from Lebanon and Hezbollah would end its armed presence along the southern border south of the Litani River. There were no immediate reports of casualties from Tuesday’s airstrikes. FIUGGI, Italy — EU top diplomat Josep Borrell, whose term ends Dec. 1, said he proposed to the G7 and Arab ministers who joined in talks on Monday that the U.N. Security Council take up a resolution specifically demanding humanitarian assistance reach Palestinians in Gaza, saying deliveries have been completely impeded. “The two-state solution will come later. Everything will come later. But we are talking about weeks or days,” for desperate Palestinians, he said. “Hunger has been used as an arm against people who are completely abandoned.” It was a reference to the main accusation levelled by the International Criminal Court in its arrest warrants against Israeli Prime Minister Benjamin Netanyahu and his former defense minister. Borrell said the signatories to the court, including six of the seven G7 members, are obliged under international law to respect and implement the court’s decisions. Host Italy put the ICC warrants on the G7 agenda at the last minute, but there was no consensus on the wording of how the G7 would respond given the U.S., Israel’s closest ally, has called the warrants “outrageous.” Italy, too, has said it respects the court but expressed concern that the warrants were politically motivated and ill-advised given Netanyahu is necessary for any deal to end the conflicts in Gaza and Lebanon. “Like it or not, the International Criminal Court is a court as powerful as any national court,” Borrell said. “And if the Europeans don’t support International Criminal Court then there would not be any hope for justice,” he said. Borrell, whose term ends Dec. 1, said he proposed to the G7 and Arab ministers who joined in talks on Monday that the U.N. Security Council take up a resolution specifically demanding humanitarian assistance reach Palestinians in Gaza, saying deliveries have been completely impeded. “The two-state solution will come later. Everything will come later. But we are talking about weeks or days,” for desperate Palestinians, he said. “Hunger has been used as an arm against people who are completely abandoned.” It was a reference to the main accusation levelled by the International Criminal Court in its arrest warrants against Israeli Prime Minister Benjamin Netanyahu and his former defense minister. Borrell said the signatories to the court, including six of the seven G7 members, are obliged under international law to respect and implement the court’s decisions. Host Italy put the ICC warrants on the G7 agenda at the last minute, but there was no consensus on the wording of how the G7 would respond given the U.S., Israel’s closest ally, has called the warrants “outrageous.” Italy, too, has said it respects the court but expressed concern that the warrants were politically motivated and ill-advised given Netanyahu is necessary for any deal to end the conflicts in Gaza and Lebanon. “Like it or not, the International Criminal Court is a court as powerful as any national court,” Borrell said. “And if the Europeans don’t support International Criminal Court then there would not be any hope for justice,” he said. (edited)
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What is the best mattress for cold sleepers?Days after accusing the BJP of maligning his and Jharkhand's image through shadow campaigns, Chief Minister on Monday charged the saffron party with launching a "whisper campaign" by spending over Rs 1 crore in each assembly constituency to influence voters. The stage is set for the outcome of the "battle of ballots" on Saturday, as political leaders and parties anxiously await the results that will decide whether the BJP-led NDA or the JMM-led alliance will form the next government in Jharkhand. Counting of postal ballots will start at 8 am, and the trends and results are likely to start trickling in by 9 am. (PTI) We are 100 per cent confident to be back in power in Jharkhand with better numbers and our performance will be better than the 2019 election results,' Mir said speaking to reporters at Ranchi's Birsa Munda airport. Read more If the exit polls turn true, it would be another booster dose for the BJP, which won Haryana in October after under-performing in the Lok Sabha elections contrary to predictions
Socialist dictator Nicolás Maduro claimed on Monday that the Venezuelan opposition, which he described as representing “fascist extremism,” wants to stage a civil war in the country similar to that of Syria. Maduro was a longtime ally of former Syrian dictator Bashar Assad and remains close to Assad’s former patrons in Iran and Russia. Assad fled to Russia over the weekend with his family shortly after Sunni jihadists from the al-Qaeda offshoot Hayat Tahrir al-Sham (HTS) terrorist organization entered Damascus, marking the end of his over two-decade-old authoritarian regime. His father Hafez Assad ruled the country for about 30 years before his son took over. Maduro, whose regime maintained ideological ties and a shared anti-U.S. stance with Assad’s, made the assertions during an official event commemorating the 200th anniversary of the Battle of Ayacucho . “We are observing the development of painful circumstances for the people of Syria. Now, the shameless [members] of fascist extremism are coming out to ask for a civil war to be waged in Venezuela as well,” Maduro said . “I tell you: Make no mistake, because the people of Venezuela, in perfect fusion, popular-military-police, will triumph through the path of peace. And in Venezuela there will be peace, stability, national union, and the Constitution will prevail,” he continued . According to Maduro, “every time there is an event in the world,” the U.S. “empire” and the Venezuelan opposition want to replicate it in Venezuela. Maduro, and virtually every member of his top brass, have spent the past two decades repeatedly accusing the United States and the Venezuelan opposition of conspiring together to topple the Venezuelan socialist regime. The Venezuelan socialists repeated their accusations in recent months following Maduro’s fraudulent July 28 presidential election, which he insists he “won” for a new six-year presidential term slated to begin on January 10, 2025. The Maduro regime used the conspiracy accusations to justify the arrest of several American citizens who, according to regime officials, were allegedly plotting to assassinate Maduro or carry out other “terrorist” attacks in Venezuela. Neither Maduro, nor any member of his regime, has presented evidence that can substantiate the accusations. The Venezuelan socialist regime maintained close friendly ties with Assad’s now-deposed regime that began in the days of late dictator Hugo Chávez, as both dictators bonded over their shared anti-U.S. sentiments. Chávez and Assad visited each other in 2010. Chávez awarded Assad during his visit to Caracas and gifted him with a replica of the sword of Venezuelan independence hero Simón Bolivar. The late socialist dictator reaffirmed his support of Assad in remarks given to international reporters in October 2012. Maduro continued to reinforce the bilateral relationship after he succeeded Chávez, who died of an undisclosed type of cancer in 2013. Last year, both regimes held talks together with Iran for the construction of an oil refinery in the Syrian town of Homs that, if built, would have yielded profits for all three regimes and, in the case of Iran, would have likely helped fund international terrorism. Last week, days before Assad’s ouster, Maduro held a telephone conversation with Assad in which the Venezuelan dictator pledged his support to Assad’s regime “in the face of terrorist actions” and Syria’s “fight against terrorism and its sponsoring countries.” Assad was ousted over the weekend, fleeing to Russia with his family, where he received political asylum from Russian strongman Vladimir Putin. On Tuesday, the Maduro regime released a statement claiming that it is “closely following” the events in Syria — without making any mention of Assad’s ouster nor his arrival to Russia. Instead, the Venezuelan socialist regime expressed its desire that “this brotherly people may find a path towards the peaceful resolution of their differences, without external interference or the use of violence as a mechanism to address political conflicts.” “Venezuela reiterates its commitment to the preservation of the territorial unity of Syria, as well as the defense of its sovereignty, independence and absolute respect for the values enshrined in the Charter of the United Nations, with special emphasis on the preservation of the civil, political and human rights of its entire population, without distinction of any kind,” the statement read. “This includes the protection and peaceful coexistence of the diverse religious, cultural and ethnic expressions that enrich the identity of that country, Cradle of Civilizations,” the statement continued. Christian K. Caruzo is a Venezuelan writer and documents life under socialism. You can follow him on Twitter here .Most say they'll try to avoid political talk at post-election Thanksgiving — CBS News pollCalifornia to consider requiring mental health warnings on social media sites
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The British Columbia government is increasing tax incentives for both local and international film and TV projects in an effort to attract more major productions to the province. Premier David Eby said the tax credit for international projects made in B.C. will jump from 28 to 36 per cent, and an incentive for Canadian-content productions will increase from 35 to 36 per cent. There's also a special bonus to attract blockbuster productions with budgets of $200 million. Speaking on Thursday at the Martini Town studio, a New-York-themed backlot in Langley, B.C., Eby said tax incentives are the province's "competitive advantage" and increasing them will help the industry that has been battered by the pandemic, labour disruptions and changes to industry practices. "This is a sector that's taken some hits. The decision by major studios to ... reduce some of their budgets on production, the impact of labour disruptions, other jurisdictions competing with British Columbia for these productions with significant subsidies for the industry, means that we need to respond," Eby said, the Manhattan street scene behind him decorated for Christmas. "We need to make sure that we continue to be competitive." Government numbers show the film industry generated $2.7 billion in GDP in 2022 — roughly one per cent of provincial GDP — and $2 billion in 2023, a year affected by strike action and a decrease in global production A government statement says the incentives begin with productions that have principal photography starting Jan. 1, 2025, and projects with costs of greater than $200 million in B.C. will receive a two per cent bonus. Gemma Martini, chair of industry organization Screen BC and CEO of Martini Film Studios, told the news conference that it has been a "tumultuous" year for film and television, which supports tens of thousands of jobs. "It is clear that British Columbia is a well respected and preferred global production partner, but we must be able to compete at the bottom line," she said. "We expect, we know, our government's announcement will put B.C. back in the game to earn our true 'Hollywood north' reputation." Foreign film and TV work makes up an average of 80 per cent of total production spending in B.C., and the government says maintaining strong international relationships is critical for the industry to continue to thrive. The government says it also intends to restore regional and distant-location tax credits that were cut last year for companies with a brick-and-mortar presence outside of Metro Vancouver, the Fraser Valley and Whistler and Squamish. Eby first promised to increase the tax credits as part of his election campaign earlier this year. Just days after the new B.C. cabinet was announced in November, a delegation that included Finance Minister Brenda Bailey and Arts and Culture Minister Spencer Chandra Herbert travelled to California to pitch B.C.'s film and TV industry. Chandra Herbert told the news conference that during the trip they met industry representatives who are now looking at B.C. "in a bigger way" because of the new incentives. He said the additional two per cent bonus for productions over $200 million is a way to encourage larger productions to come and stay in B.C. "This is a way of making sure that the workers in this industry, and the companies, know that we're here for them for the long term. You can make these investments long term. You can grow the industry today, tomorrow and into the years ahead," he said. This report by The Canadian Press was first published Dec. 12, 2024. Ashley Joannou, The Canadian PressHenrik Fisker once envisioned a burgeoning EV empire at the startup he named after himself, which was to be led by the Ocean SUV. But cracks started showing in that vision almost as soon as the Ocean hit the road in 2023. Fisker cut production targets multiple times , failed to meet sales goals and laid off staff . What’s more, its Ocean SUV was beset with software and mechanical issues , rendering it inoperable for some. Add troublesome brakes, sudden power loss and doors that wouldn’t open to the list of issues that led to multiple safety investigations and ultimately a pause in production in order to raise new capital. All of this and more has forced Fisker to file for Chapter 11 bankruptcy protection, marking the beginning of an inauspicious period for the eponymous startup. Below is a timeline of the events that led the automaker to this point. 2023 July 7 — The automaker produced 1,022 Ocean SUVs in the second quarter of 2023, several hundred vehicles short of its expectation of producing between 1,400 and 1,700 EVs. July 10 — Fisker announced plans to sell $340 million in convertible debt , expecting the net proceeds to be $296.7 million. The automaker said it planned to use the funds to support its general corporate operations and add an additional battery pack line to “support growth” in 2024 and beyond. The company said funds will also be used for capital expenditures and the development of future products. December 1 — Fisker cut its annual production guidance in an effort to free up $300 million in working capital. The company said it expected to produce about 10,000 vehicles in 2023. The production guidance is just a quarter of Fisker’s bullish forecast from a year ago. 2024 January 1 — Fisker remained far from meeting its publicly stated goal of delivering 300 electric SUVs per day globally . The EV startup spent much of December aiming to meet an internal sales goal of between 100 and 200 vehicles a day in North America, where the bulk of its inventory and sales efforts are. Fisker fell well below that target, often selling just one to two dozen of its Ocean SUVs a day here. January 15 — Federal safety regulators have opened an investigation into Fisker’s first electric vehicle over braking problems. Owners had lodged 19 complaints with the National Highway Traffic Safety Administration (NHTSA) on issues ranging from brake loss to problems with the gear shifter to a driver door failing to open from the interior and two instances of the vehicle’s hood suddenly flying up on the highway. February 9 — Since the initial fleet of Fisker Ocean SUVs were delivered, customers have reported more than 100 separate loss-of-power incidents . The company told TechCrunch it believes these problems are rare and that it has resolved “almost all the issues” with software updates. Customers have also reported sudden loss of braking power, problematic key fobs causing them to get locked inside or outside of the vehicle, seat sensors that don’t detect the driver’s presence and the SUV’s front hood suddenly flying up at high speeds. February 16 — The NHTSA opened a second investigation into Fisker’s Ocean SUV after the agency received four complaints about the vehicle rolling away unexpectedly, resulting in one injury. The company told TechCrunch it is “fully cooperating” with the safety agency. February 29 — Fisker announced its plan to lay off 15% of its workforce and says it likely does not have enough cash on hand to survive the next 12 months. The company says it is trying to find a way to raise that money as it works through a pivot from direct sales to a dealership model. March 18 — Fisker announced it would pause production of its electric Ocean SUV for six weeks as it scrambles for a cash infusion. The company said in a regulatory filing that it had just $121 million in cash and cash equivalents as of March 15, $32 million of which is restricted or not immediately accessible. Fisker also said that its accounts payable balance is up to $182 million and that there is “substantial doubt” that it can continue operations without raising new capital. March 25 — The negotiations between Fisker and a large automaker — reported to be Nissan — over a potential investment and collaboration were terminated , a development that puts a separate near-term rescue funding effort in danger. Fisker revealed in a regulatory filing that the automaker terminated the negotiations March 22. It did not explain why. But the company had to keep the negotiations going as part of one of the closing conditions for a potential $150 million convertible note . March 25 — The New York Stock Exchange suspended trading shares of Fisker and moved to take the company off its stock exchange, because it is “no longer suitable for listing” because of “abnormally low” price levels. March 27 — Fisker temporarily lost track of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that started in December and took months to complete. Fisker struggled to keep tabs on these transactions, which included down payments and in some cases, the full price of the vehicles, because of lax internal procedures for keeping track of them, according to three people familiar with the internal payment crisis. In a few cases, it delivered vehicles without collecting any form of payment at all, they said. April 29 — Fisker laid off more employees to “preserve cash,” making good on a plan announced one week before , according to an internal email viewed by TechCrunch. Fisker expects to seek bankruptcy protection within the next 30 days if it can’t come up with that money, according to a U.S. Securities and Exchange Commission regulatory filing. May 3 — Fisker stopped paying the engineering firm that helped develop the Pear, a low-cost EV meant for the masses, and the Alaska, Fisker’s entry into the red-hot pickup truck market. The firm also accuses Fisker of wrongfully holding on to IP associated with those vehicles. May 10 — The NHTSA opened a fourth investigation into the Fisker Ocean SUV to probe multiple claims of “inadvertent Automatic Emergency Braking.” The eight complaints allege that owners experienced sudden activation of the Automatic Emergency Braking system in moments where there were no other vehicles or obstructions in the path of their cars. May 29 — Hundreds more employees were laid off during the final week of May in a bid to stay alive, as the automaker continues to search for funding, a buyout or prepare for bankruptcy. One current and one laid off employee estimated that only about 150 people remained at the company. May 31 — The road to Fisker’s ultimate ruin may have started and ended with its flawed Ocean SUV, which was riddled with mechanical and software problems. But it was paved with hubris, power struggles, and the repeated failure to set up basic processes that are foundational for any automaker. June 12 — Fisker issued the first recall for the Ocean SUV because of problems with the warning lights, according to new information published by the NHTSA. The instrument panel displays the brake, park and antilock brake system warning lights in the wrong font size and, at times, in the wrong color, making them noncompliant with Federal Motor Vehicle Safety Standards. The agency also says “multiple warning lights fail to illuminate during the ignition cycle.” June 18 — After a year of struggling to stay afloat, Fisker filed for Chapter 11 bankruptcy protection . The California-based company had been seeking a deal with another automaker in a last-ditch effort to rescue the enterprise. The company estimated assets of $500 million to $1 billion and liabilities of between $100 million and $500 million, according to the filing. June 18 — In the wake of its bankruptcy , Fisker said it will continue “reduced operations,” including “preserving customer programs, and compensating needed vendors on a go-forward basis.” In other words, it will continue to manage a bare-bones operation in case there is a willing buyer of the assets it’s putting up for sale in the Chapter 11 case. June 21 — According to a new filing in its Chapter 11 bankruptcy proceeding, Fisker was facing “potential financial distress” as early as August 2023. That looming financial distress drove Fisker to solicit a partnership or investment from another automaker, according to the filing. June 21 — The fight over Fisker’s assets is already charged just days into its bankruptcy filing, with one lawyer claiming the startup has been liquidating assets “outside the court’s supervision.” At issue is the relationship between Fisker and its largest secured lender, which loaned Fisker more than $500 million in 2023 at a time when the company’s financial distress was looming behind the scenes. July 3 — If a judge in the Delaware Bankruptcy Court approves Fisker’s request to sell its remaining inventory to a New York-based vehicle leasing company, the automaker would be able to offload 3,231 finished EVs for $46.25 million, or around $14,000 per vehicle. July 9 — Henrik Fisker and his wife, Fisker co-founder Geeta Gupta-Fisker, are lowering their salaries to $1 in order to keep their failed EV startup’s bankruptcy proceedings funded. In addition to the salary reductions, Fisker’s restructuring officer, John DiDonato, said in Tuesday’s filing that Fisker will defer “certain severance payments, certain employee healthcare benefits, and vehicle sale incentive bonuses” that have not yet been paid. July 15 — The office of the U.S. Trustee, an arm of the Department of Justice that oversees the administration of bankruptcy, is objecting to a deal that would keep Fisker’s bankruptcy proceeding alive and pave the way for paying back creditors some of what they’re owed. July 16 — A bankruptcy judge gave Fisker the green light to sell more than 3,000 of its Ocean SUVs to a vehicle leasing company, which will net the defunct EV startup a maximum of $46.25 million. The approval of the sale clears the way for the rest of Fisker’s bankruptcy process to play out as it continues to liquidate what’s left of its failed business. July 29 — The question folks are asking: does the automaker’s loan secured lender Heights Capital Management deserve to be at the front of the line to reap the proceeds of a liquidation? The entities reached an agreement to hammer out a settlement in the coming weeks on how to liquidate its assets. If successful, the case could remain in Chapter 11. If not, it would convert to Chapter 7, which would effectively dissolve Fisker forever. September 18 — One of the many questions Fisker owners had as the company worked through the bankruptcy process was how the outstanding recalls would be handled. In mid-September, the company suddenly suggested that it would cover the cost of parts, but that those owners would have to pay out of pocket for labor costs. Just as suddenly, Fisker flipped , saying it would cover labor costs. October 4 — The U.S. Securities and Exchange Commission revealed in a filing that it opened an investigation into Fisker, and that it could bring actions “alleging violations of the federal securities laws.” The financial regulator told the bankruptcy court that it already sent multiple subpoenas, but was concerned Fisker didn’t have a plan in place to preserve its records. (The bankrupt EV startup ultimately allayed the SEC’s concerns, and the status of the probe is unknown.) October 5 — The landlord of Fisker HQ’s final resting place — a facility in La Palma, California — says the building was abandoned in “complete disarray,” with hazardous waste and even full-size vehicle clay models left behind . The landlord’s filing describes a messy few days in which, apparently, Fisker employees as well as representatives of an auction house emptied the facility. October 7 — The U.S. Department of Justice, writing on behalf of the National Highway Traffic Safety Administration, tells the bankruptcy court it thinks Fisker’s attempt to push recall labor costs on owners is illegal. The objection ultimately helps change Fisker’s mind a final time. October 8 — Fisker throws a major curveball at the bankruptcy court, after it told American Lease it did not believe it would be able to transfer necessary data to a new, non-Fisker server. American Lease revealed the snag in a filing and told the judge that it may not be able to complete the sale — which would jeopardize Fisker’s settlement plan with its creditors. October 16 — Fisker was able to resolve the flurry of eleventh-hour problems described above and get its liquidation plan confirmed by the bankruptcy court. The company reversed course and agreed to cover the labor costs of its recalls. It worked out a solution with American Lease regarding the transfer of vehicle data. And a trustee was appointed to oversee the sale of the remainder of Fisker’s non-vehicle assets, including around $1 billion worth of equipment left in Austria, where the Oceans were built.
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