If there's any question where Wanxiang hopes to take the remains of Fisker Automotive, just take a look at The New Fisker, a fresh official website for the bankrupt automaker. While the text available there hedges about just when and how the company will restart production, it is clear from the pictures that the company is ready to make the Atlantic PHEV concept a reality. The site even says, "Hello Future. Meet the Atlantic."

But, for now, The New Fisker is more about the nitty-gritty details about how to convert the brand from a troubled mess into something people will want to spend money on again. Reassuringly, the site doesn't shy away from the automaker's disappointing past with this timeline, which includes the good and the bad from the past seven years. As for the future, Wanxiang is talking about restarting Karma production "as fast as possible," (maybe at Valmet, maybe Delaware, maybe somewhere else) as well as introducing new Fisker models, the Atlantic, Surf and Sunset concepts that we have seen before. The new Karma could be better than the old ones, since Wanxiang says it will use the long production break, "to improve on Karma and give the customers the outstanding experiences they deserve."

The New Fisker says Karma warranties will only cover "a maximum of $2,000 per vehicle."

If something goes wrong with an old Karma on the road (like, say, breaking down before you put 200 miles on it), will it be covered by warranty? Sort of. Wanxiang says it is bound by the United States Bankruptcy Court for the District of Delaware sale order to an Asset Purchase Agreement that limits the company to a total of $400,000 for warranty coverage, and a maximum of $2,000 per vehicle. The New Fisker apologies for the situation - "We understand if you are an owner and paid good money for your vehicle, $2,000 is not what you bargained for or expected. ... We are already hard at work discussing ways that we can make this a better experience for all current Fisker owners and hope to bring better news to each owner in the near future" - but that's all you can get today.

We're reproduced The New Fisker's current FAQ below. Note that there is no mention of the Destino anywhere, despite the ties between Wanxiang and Bob Lutz's project.
Show full PR text
Are there any plans for new Fisker models?

We are excited about the Karma and truly believe we can launch the Atlantic, Surf and Sunset in the future. The Karma platform allows The New Fisker to develop a lot of variations to address our customer's desires. With the Atlantic platform we expect the same ability to create different models to address our customer's wants and desires.

Where will the new Fisker be made?

Prior to shutting down, Fisker Automotive Holdings assembled the Karma at Valmet in Finland. The team is working with Valmet to address our current plans and to see if Valmet is the path we should take for future Karma production.

When will production of the Fisker Karma restart?

Chariman Lu Guanqiu, Lu Weiding and Pin Ni have given The New Fisker team direction to restart production of the Karma as fast as possible, while making sure that we only start when we are confident in the quality of cars that we produce. Wanxiang America Corporation is firmly committed to building vehicles we can be proud of manufacturing, and you can be proud to own. As most know, Fisker Automotive Holdings, Inc stopped production over a year ago and a lot of good people have left the company and a lot of suppliers have put the production equipment on hold or giving the capacity to other customers. The New Fisker team will take this restart to improve on Karma and give the customers the outstanding experiences they deserve.

Is Fisker going out of business?

The United States Bankruptcy Court for the District of Delaware, Case No 13-12087 filed on February 19, 2014 the order authorizing the sale by the Debtors of the Acquired Assets to Wanxiang America Corporations and its specified designees. This order will allow Wanxiang America Corporation to acquire the Assets of Fisker Automotive Holdings, Inc and its subsidiaries to restart the company. Practically, the company ended its business and will start fresh. Wanxiang America Corporation assumed limited liabilities from Fisker Automotive Holdings, Inc. Wanxiang America Corporation is excited about this new chapter in Fisker Automotive and look forward to making this the best Automotive Company in the world. We understand many stake holders in the company from the people who bought one of the best looking cars in the world, to the great employees who made the Karma, to the great vendor team that supplied the parts all lost in the Bankruptcy process. While Wanxiang America Corporations understand the pain that may have caused, we assure each stakeholder that our goal is simple – to accomplish that what Henrik Fisker and Barny Koehler set out to accomplish. On the day of closing the sale, that chapter of Fisker Automotive Holdings, Inc will end and the rebirth of The New Fisker will start. Please join us to making this great.

I purchased a Fisker - will my car still be under warranty?

Pursuant to the United States Bankruptcy Court for the District of Delaware sale order, Wanxiang America Corporation could only assume an agreement that was dictated by another buyer, so Wanxiang America Corporation was not allowed to change the Asset Purchase Agreement. Within the Purchase Agreement, Section 1.10 (i) provides up to $2,000 per each vehicle warrantied (ii) capped at $400,000 in the aggregate. We understand if you are an owner and paid good money for your vehicle, $2,000 is not what you bargained for or expected. Please understand that this provision was part of the court order that Wanxiang America Corporation assumed and accepted. We are already hard at work discussing ways that we can make this a better experience for all current Fisker owners and hope to bring better news to each owner in the near future.

I understand that Fisker bought a plant in Delaware – will you be manufacturing there?

One of the assets acquired was a plant located in Delaware. We are diligently assessing the viability of utilizing that plant as it was originally intended. We are committed to doing what is best for The New Fisker.


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  • 47 Comments
      tellucas
      • 9 Months Ago
      They needed to provide some type of warranty support otherwise the Fisker brand would be worthless. Who would chance buying a high dollar car from them again after seeing prior customers dropped like a bad habit. Worse yet let word get around that these cars are now dead in garages due to no manufacturer support.
      raktmn
      • 9 Months Ago
      The warranty stuff isn't actually new news. It was all in Wanxiang America's presentation to the Fisker Creditors and the Bankruptcy Court on 12.30.2013. It is actually $2,000 dollars more than the Hybrid Tech Holdings bid, which only set aside half a million dollars for all prior debts all in total, with zero dollars specifically set aside for warranty claims. Basically, owners who had filed warranty claims with the court would have gotten pennies on the dollar, and the rest would have gotten nothing for any future warranty claims. Along with this warranty coverage, Wanxiang America has pledged other support for current owners, such as: 1) Provide service and parts for current owners AT COST. (This will also make those warranty dollars stretch further). 2) Provide rebuilt used parts, such as batteries. This will greatly reduce costs also, even if only the first $2,000 of the cost of these parts would be covered under warranty. 3) Restart the production of new parts for the old Karma's. The Hybrid/Li bid did not include a pledge to make sure all the old parts would be available. Their plan was to just to start production of their new version with whatever changes they decided to put into them. This is pretty important to current owners, because warranty or not doesn't matter much, if the parts simply cannot be bought anywhere. Wanxiang America has decades of automobile parts production experience, so they are the perfect company to take up this task. 4) Pledged to re-establish the Fisker dealer network. Compared to no warranty, no service or support, and no parts, this is quite an improvement for Fisker owners (compared to Fisker liquidating or being bought by Hybrid/Li). While it isn't perfect, things certainly are looking much better than a few months ago, where Karma owners faced the real prospect of being completely orphaned, like Coda buyers, with no chance of real factory support ever again.
      Yespage
      • 9 Months Ago
      At the price of that car, I think nothing would be better than $2000. Ouch!
      J.A. Smith
      • 9 Months Ago
      I live in LA, and I see Fiskers and Teslas all the time -- more Teslas than Fiskers, of course. But, the Fiskers look much better than Teslas. It's like the difference between a Ferrari and a Lexus. One is aerodynamic and aesthetically pleasing to the eye, the other is a glorified Camry. But apparently the Tesla technology makes up for it, because the latter's stock is skyrocketing, whereas the former is bankrupt. Go figure.
        brotherkenny4
        • 9 Months Ago
        @J.A. Smith
        That's very American. To be concerned about appearance rather than substance.
          methos1999
          • 9 Months Ago
          @brotherkenny4
          Except the toyota camry and honda accord are two of the best selling cars in the US - neither are stunning, but both are reliable, so how do you reconcile this?
        Thereminator
        • 9 Months Ago
        @J.A. Smith
        Newbies....
      dan.frederiksen
      • 9 Months Ago
      The chinese have more money than brains and they want to play with the big boys. Nouveau riche, if you will. But buying a 2.4ton boat anchor is not necessarily the smart play. It's going to cost a lot to clean it up and require good judgment which is in short supply in this stupid world. Of course it could work in their favor that they are a chinese autoparts manufacturer... they could resupply the cars. But again only in a climate of good judgment. And they don't have that nor does Henrik Fisker in case they bring him back. He could design cars but make no decisions and even for design he needs limits since the Karma was a little out of control. They would need... me. And even then viability is not assured. It's a herculean task.
      2 wheeled menace
      • 9 Months Ago
      Well, i just had my first chuckle for the day. Thank you, ABG.
      • 9 Months Ago
      Fisker, solyndra... Two companies Obama gave 500million+ to and now it's all gone... nice work liberals
        2 wheeled menace
        • 9 Months Ago
        http://en.wikipedia.org/wiki/Energy_Policy_Act_of_2005 CBO says that this amounted to 12.3 billion dollars in tax subsidies over a 10 year timespan. We also became more dependent on foreign oil during his reign. Obama has actually done more to get domestic oil production up.
          EVnerdGene
          • 9 Months Ago
          @2 wheeled menace
          uh, domestic oil production is up - yes - despite Obama's severely cutting back drilling and exploration on public lands. If you want to give thanks, give it to private enterprise - on private lands. and wtf would we not build the Keystone Pipeline ? only a dumbazzed-imbecile would be against it (sorry for being redundant)
          Technoir
          • 9 Months Ago
          @2 wheeled menace
          EVnerdGene The Keystone pipeline would take oil from Canada into a port terminal on the coast, from where it would be shipped abroad. None of the oil produced would end up in the US, but we would still be footing the bill and deal with problems.
          EVnerdGene
          • 9 Months Ago
          @2 wheeled menace
          Technoir said; "None of the oil produced would end up in the US" Where do you get your propaganda ? Why would you ship it to the gulf coast where we do a majority of our refining, and then put it on a ship to somewhere else? Such stupid horsesh!t you believe. Put brain in gear occasionally. Here's an alternative if we don't want to buy it: Canada builds a pipeline to their west coast and puts it on ships to China. And who is asking you to foot the bill? It is a private pipeline; not your typical out-of-control costs government boondoogle. If you don't want to pay, then don't buy petroleum products. Problems? We've already got 55,000 miles of aging pipeline in the US. This would be the latest and safest technology - providing thousands of much needed j.o.b.s. only a dumbazzed-imbecile like ***** would be against it (sorry for being redundant - again)
        Grendal
        • 9 Months Ago
        SpaceX, Elon's other company, just spoke before congress to fight for the ability to launch military satellites. All launches are currently being done by ULA (Boeing and Lockheed). SpaceX would save US taxpayers $11.6 billion over the ULA's cost for just one contract. That's 20 Solyndra/Fisker failures for just one contract. Complaining about what stupid things the government has already done is really a waste of time. Focus instead on preventing those problems in the future. The other important thing about this is that the ULA uses Russian engines to power their rocket while SpaceX's engines are made in the USA.
        Letstakeawalk
        • 9 Months Ago
        Don't forget Enerdel.
          Marco Polo
          • 9 Months Ago
          @Letstakeawalk
          @ dan.frederiksen Uh, oh, another name change and more rabid than ever ! Time to upgrade your medication....
          dan.frederiksen
          • 9 Months Ago
          @Letstakeawalk
          Left lost 1bn to save the world. Repugnicans spent 2trillion to destroy it. Obama is a douche, a lawyer and a nitwit. He is american. But republicans are seething satanic scum. Rotten to the core. Mindless and twisted, certain to go to hell. It's no contest.
        2 wheeled menace
        • 9 Months Ago
        But you know, let's just blame the guy who is in the opposite political party as us as usual, since our guy is faultless because he's our guy.
        tump
        • 9 Months Ago
        At the end of the day, I'll take the regime that allows me to get married. **** money.
        2 wheeled menace
        • 9 Months Ago
        6 billion? you are off a few digits. The pentagon, from 2001 to now, says that it can't account for 8 trillion dollars it's spent. That means that It literally has no idea where that money went. Bush's wars had trillion dollar figures attached to them in themselves, and neither Iraq nor Afghanistan are any better off now, BTW. Another tax and spend republican... just like the rest. But people only get mad when they sit on one side of the aisle and see someone else on the other side do certain things. I mean.. Obama extended Bush's wars another 10 years and strangely enough, all those liberal groups that were protesting Bush didn't even bother to say anything about it.
        raktmn
        • 9 Months Ago
        2WM -- Where do you get the number of extending the wars for 10 more years? Obama was sworn into office in 2009, and the last combat troops were out by the end of 2011. We are on track for either a full or substantially full withdrawal from Afghanistan this year. Obama hasn't been in office for 10 years, and is term limited to 8 years, and will have withdrawn from both wars long before then. Is your complaint that Obama wasn't fast enough for your tastes at cleaning up after the previous administration's messes and outright neglect of the Afghan front? Obama campaigned on an orderly, thoughtful, and well-planned exit from our wars, after cleaning up the neglected mess in Afghanistan. That is what he was elected to do, and that is exactly what he has delivered. Are you blaming Obama voters for being rational, pragmatic, and realistic when FINALLY being presented with an actual workable exit strategy? (something the previous administration flat out refused to do.) This amazing thing happens when you get your way, and there is finally a rational exit strategy presented and put into execution. You no longer have to wage huge protests to demand it anymore.
          Letstakeawalk
          • 9 Months Ago
          @raktmn
          The agreement to have troops out by 2011 was made during the Bush Admin. Obama simply followed the agreed-upon strategy.
          Joeviocoe
          • 9 Months Ago
          @raktmn
          The Bush administration had made promises before 2011 too. A schedule to pull out had always been on the calendar... but it was just a matter of kicking the can down the road each time there was a battle... saying, "the Iraqi police is not ready to take over" and "we can only leave when they're ready." It wasn't until Obama, that people started to realize that we were leaving, with or without the Iraqi security forces being "ready".
          EVnerdGene
          • 22 Hours Ago
          @raktmn
          "Ukraine has nothing to do with the US" You are absolutely correct on that one. So why is your hero in the whitehouse saber-rattling, and sending the Ukraine $1B in aid without even discussing it with Congress ??? Why is it every time something doesn't match your idiocracy, you kiddies have to throw the Fox News bomb ? Such bigotry. I personally watch nothing on TV. Nothing. I can't defend, nor condemn Fox News; but from what I'm hearing from the more open-minded people I run with - "we report, you decide" and "fair and balanced" - t must be on a level way above all the other networks that spoon feed you sh!t. Don't be such a bigot.
          Joeviocoe
          • 22 Hours Ago
          @raktmn
          Wow Gene, get off the teet of Fox News Ukraine has nothing to do with the US. Are you still hanging onto the good'ol days of the Cold War. And no, the "Al Qaeda" that is in Iraq is not the same Al Qaeda that was there before, they are not even recognized by the leadership to belong to the same group. Al Qaeda is splintered into loosely affiliated groups that don't even recognize each other as being part of the whole. They are like "Anonymous"... there is no way to stop some small wannabe group from calling itself Al Qaeda.
          Marco Polo
          • 9 Months Ago
          @raktmn
          @ raktmn The difficulty for US administrations, (of either political persuasion) is that the nature of military conflicts has dramatically changed. The US is not politically or militarily equipped to be a colonial, or occupying power. US armed forces are still primarily designed to fight wars of liberation against equally industrialised nations. Trying to bring order to a region like Afghanistan, where fighting is considered a sport, and the western lifestyle and philosophy is not all that attractive, isn't really a mission for which the US (and western allies) are equipped to accomplish. The problem is the world expects the US to police such trouble spots, but soldiers aren't policemen, and the task becomes a labyrinth of conflicting objectives. Obama hasn't really delivered anything, except being the President that came into power at a time when the US (and allies) were ready to disengage. The exit strategy was already in existence, the timing was already planned and promised, the results will not be determined by some brilliant policy by the present administration. The next challenge for the administration is dealing with a cunningly opportunistic Russia, led by Putin. The US lacks the capacity to prevent Putin advantaging himself, and this may set a bad example for the PRC in its increasingly belligerent behaviour towards its neighbours. It ain't easy being President !
          raktmn
          • 9 Months Ago
          @raktmn
          %s/out by the end of 2011/out of IRAQ by the end of 2011 This place needs an edit function...
          EVnerdGene
          • 9 Months Ago
          @raktmn
          We had run al Qaida out of Iraq, fairly well stabilized, everyone fairly happy. Then current pres. completely pulls out and al Qaida is right back where they were before the invasion. This admin a complete failure and buffoons at foreign policy and tactics. Libya, Syria, Iran, Egypt, Ukraine; all worse off after his meddling - Putin laughs with the rest of the world.
        Levine Levine
        • 9 Months Ago
        That's a $500million proof that the Federal government is inept, naïve, and stupid, and should never bet taxpayers' money on a business venture that the market place has doubts.
          EVnerdGene
          • 22 Hours Ago
          @Levine Levine
          Well put Levine Levine. We need to take the blank checks away from these morons before its too late.
        icemilkcoffee
        • 9 Months Ago
        Contrast that with the Bush administration, which LOST $6 billion in cash in the swirling sands of Iraq. We are not talking about misspending or overspending- the number is $30 billion. We are talking completely lost without any accountability. $6 Billion. Nice work, republicans. It will take a lot of Fiskers to catch up to you guys.
        2 wheeled menace
        • 9 Months Ago
        Bush spent more money than that, and also the economy collapsed just as he walked out the door. Good job, republicans! You can pick sides, but it's like engaging in a dog turd sniffing contest to see which turd smells the worst!
      raktmn
      • 9 Months Ago
      eric, Once New Fisker fully exits bankruptcy, and their bankruptcy case is completely closed, they will have more flexibility. Until then, this is the way it has to be, and nobody at Wanxiang can do anything about it. We will have to be patient and wait and see.
      EVnerdGene
      • 9 Months Ago
      I'm still intrigued as to why raktmn (aka: ratbrain) defends this turd with a buck tooth.
        Marco Polo
        • 9 Months Ago
        @EVnerdGene
        @ EVnerdGene I've had my differences with PR/Raktmn, but I can see nothing in his post that would cause you to post such a gratuitously offensive comment.
          EVnerdGene
          • 22 Hours Ago
          @Marco Polo
          Marco, you also often defend Frisker; but at least you are open-minded about discussing and admitting its failure as anything but a pretty turd; or the DOE having its head up its butt (ie: no technical merit) and corruption in investing in this loser.
      eric
      • 9 Months Ago
      If I were a Fisker owner, I would be tickled that any support was available. It is not often that an automaker goes bankrupt, and comes back with anything to offer original buyers.
        brotherkenny4
        • 9 Months Ago
        @eric
        Was the court decision to incentivise potential buyers?
          raktmn
          • 9 Months Ago
          @brotherkenny4
          kenny The court decision was made in the interest of equity between everyone owed something by the old Fisker. The $400K for total warranty work was a set-aside, and every dollar of that is a dollar that some other creditor won't get. If more money were to be set aside for warranty coverage, that money would effectively have to come out of the other creditor's pockets. Basically nobody gets everything they were rightfully owed in a bankruptcy. Everyone loses some, and as many folks get something as there is enough money to go around. The judge decided that this was a fair balance for current Karma owners. Which is lucky for them, because they are unsecured creditors and could have gotten nothing.
        Letstakeawalk
        • 9 Months Ago
        @eric
        The owners have known about this for several weeks. They're less than pleased about the amount, but very happy to have factory parts available.
      eric
      • 9 Months Ago
      The court mandated the amount. We shall see if Wanxiang makes good on what they hinted about going above and beyond that.
      Bruce
      • 8 Months Ago
      Iam a fisker owner and hve 15,000 miles on my car, Not one problem, Not one. This is not only the best looking car in the road but very dependable. My old daily driver was a 750il and this car is every bit as good.
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