Skip to main content

First Drive: 2012 Fisker Karma

Hollywood, Your Plug-In Hybrid Electric Has Arrived Business partners Henrik Fisker and Bernhard Koehler are visibly on edge. While they want to dedicate every ounce of their focus on this all-important launch of their first baby, the 2012 Fisker Karma, their attentions are being constantly pulled away from it by big conference calls regarding the money and logistics of launching the whole Fisker Automotive franchise. Are they really and truly answering a $95,900-$108,900 question with this bold effort that enough people are asking? It's clear they just want us to fall in love with... Read More

  • 0
    Fisker Karma
    New Fisker owner Wanxiang is a $23-billion-a-year auto parts company
    1407506340

    If you thought early Fisker Karma buyers like celebrities Leonardo DiCaprio and Cee Lo Green had deep pockets, get a load of the company's new owners. China's Wanxiang Group, which earlier this year acquired the extended-range plug-in vehicle maker in a bankruptcy auction, generates more than $23 billion in annual revenue, Automotive News says. Billion ...

  • 0
    Fisker Karma
    Report: Fisker's new owner working out Karma's 250 'bugs' before introducing second model
    1406642460

    Fisker may be down, but it might not stay down forever. The company behind the Karma luxury hybrid shut down late last year and was purchased by Chinese OEM supplier Wanxiang Group, which intends to restart production. It just can't tell us when. Speaking with Automotive News Europe, Wanxgiang executives indicated they have some work on their hands, ...

  • 0
    Fisker Karma
    New Fisker owner ready to go broke building EVs, challenging Tesla
    1400538480

    Now this is the kind of fighting spirit we like to see. Lu Guanqiu is a Chinese billionaire who has visited the White House alongside Chinese president Hu Jintao in 2011. He's worth an estimated $3.1 billion. And he wants to take on Tesla Motors and other EV makers with his newly purchased company, Fisker Automotive. Lu is the chairman and founder of ...

  • 0
    Fisker Karma
    Destino's VL Automotive merges with GreenTech Automotive
    1399420680

    Here's a twist to the Fisker/Destino/MyCar stories we didn't see coming. WM Greentech (WMGTA), the company behind the struggling-but-not-dead-yet MyCar, has merged with VL Automotive, the company that plans to take bodies from the Fisker Karma and repurpose them with a V8 engine. That car will now be part of GTA's new WM Destino brand. That latter idea ...

  • 0
    Fisker Karma
    Fisker creditors want a repayment do-over
    1399299240

    In February, the Chinese company Wanxiang won control of Fisker Automotive at a bankruptcy auction for a final bid of $149.2 million. The sale meant that Wanxiang would now have to deal with all of the creditors claiming that Fisker owed them money. Those individuals and groups had a combined $1 billion in claims, and they're not happy with how the ...

  • 0
    Fisker Karma
    Report: Fisker could be renamed when production restarts in 2015
    1398432480

    The Orange County Register has an update on Wanxiang's plans for Fisker, and it starts with the idea that you would see brand new Karmas back on the road in mid-2015. From there the goals get less certain, the OCR saying the Surf station wagon "could ship in 2016" and the mid-priced Atlantic "might come in 2017." The targets came from an interview with ...

  • 0
    Fisker Karma
    New Fisker claims 50-50 chance it will build cars in Delaware
    1397836260

    As soon as the bankrupt Fisker Automotive started crawling back from the dead, rumors that the new owners would restart production of the Karma plug-in hybrid crawled as well. We've heard that the car would be built in the old General Motors plant the company owns in Delaware, that it would happen in Michigan or that Valmet would get going again in ...

  • 0
    Fisker Karma
    Wanxiang officially acquires Fisker Delaware plant for $18 million
    1395748860

    Perhaps Wanxiang is serious about finally, actually re-starting plug-in hybird Fisker production. One of the first big official steps that The New Fisker has taken, other than putting up a new website, is to buy that old disparaged General Motors plant new Newport, DE for $18 million. Technically, the Delaware plant was included in the Fisker Automotive ...

  • 0
    Fisker Karma
    Did Katy Perry really just buy five Fisker Karma PHEVs for her employees?
    1395273420

    We'll admit it, this is a strange little story. California Gurls singer Katy Perry was apparently so smitten by the California automaker Fisker that she bought five of the company's plug-in hybrid Karma for members of her staff. Reports say that she spent $500,000 dollars on the cars. Of course, this might all be nonsense. Everyone is saying that the ...

  • 0
    Fisker Karma
    Fisker will borrow $5M from Wanxiang as interim solution
    1394288940

    It may seem like a drop in the bucket compared to the approximately $1 billion in liabilities bankrupt automaker Fisker Automotive has against it, but every bit helps. In this case, it's a smidgeon less than $5 billion. That's how much the maker of the Karma extended-range plug-in is getting approved to borrow from its presumed future owner, Wanxiang ...

  • 0
    Fisker Karma
    The New Fisker website goes live, says Karma warranties limited to $2,000
    1394212440

    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 ...

  • 0
    Fisker Karma
    Almost $1 billion in claims filed against bankrupt Fisker
    1393622820

    You may have scoffed when the US Department of Energy sold the rights to its $168 million outstanding Fisker Automotive loan to Hybrid Tech Holdings last December for just $25 million, or about 15 cents on the dollar. It turns out that might be the going rate for anyone with claims against the bankrupt extended-range plug-in maker, though. That's because ...

  • 0
    Fisker Karma
    Wanxiang wants to restart Fisker Karma production as quickly as possible
    1392836460

    It appears that Wanxiang America's $149.2-million acquisition bid was about more than just owning the assets of Fisker Automotive. The Chinese auto parts maker is apparently serious about getting the Karma plug-in hybrid luxury vehicle back on the production line. "We will want to get the Karma back online as quickly as possible." "We will want to ...

  • 0
    Fisker Karma
    Wanxiang wins bid for Fisker at $149.2 million
    1392494100

    Fisker Automotive has been sold, ladies and gentlemen. According to Automotive News, Wanxiang from China won the company after a few tense days of bidding between it and Hybrid Tech Holdings from Hong Kong. The winning bid came in at $149.2 million, which, rather interestingly, is almost six times the amount Fisker itself sought to recover from ...

  • 0
    Fisker Karma
    Fisker assets will be auctioned tomorrow, here's the situation today
    1392154080

    The remains of Fisker Automotive - which might not even include the name and logo - are supposed to finally be sold off tomorrow, but the scene before the auction is anything but clear. As as reminder, the two bidding parties are Wanxiang and Hybrid Tech Holdings. Hybrid Tech was denied an emergency motion in court last week that would have lifted an ...

  • 0
    Fisker Karma
    Will Bob Lutz's VL Automotive really offer V8 conversions for Tesla Model S?
    1389994080

    VL Automotive is closely tied up with Fisker. The company's first product, the Destino, is a converted Karma and the Destino Red Concept, just unveiled at the Detroit Auto Show, is the same hardtop Karma convertible that Fisker showed in 2009. So, what a surprise it was to see that Bob Lutz, who owns half of VL Automotive, is ready to convert a brand new ...

  • 0
    Fisker Karma
    Judge rules Fisker assets will be auctioned in February
    1389619860

    The Fisker Automotive saga will continue until at least next month, now that a bankruptcy court judge has ruled that the automaker's assets will go up for auction in February instead of being acquired flat out by a Hong Kong investor. Wanxiang Group, which owns A123 Systems, is competing with Hybrid Tech Holdings LLC for Fisker. The judge says Hybrid ...

  • 0
    Fisker Karma
    Teased: VL Automotive hints at Fisker-based Destino convertible for Detroit
    1389393060

    Last year around this time, we were prepping to see the first iteration of the VL Destino; a Fisker Karma with a Corvette ZR1 heart transplant. Now, with the 2014 Detroit Auto Show looming just over the horizon, there are fresh hints that the Destino is due for a sequel. VL Automotive – co-founded by Gilbert Villarreal and Bob Lutz – has ...

  • 0
    Fisker Karma
    Judge: Fisker sale could be final January 3
    1385760840

    The Fisker Automotive saga continues, and a federal bankruptcy judge would like to see the story wrap up soon. The bankruptcy filing from November 22 could reach completion on January 3 of the new year under a faster-than-normal sale process approved by US Bankruptcy Judge Kevin Gross, according to Bloomberg. The traditional bankruptcy bidding procedures ...

  • 0
    Fisker Karma
    Why some people still buy Fisker Karmas
    1383256740

Autoblog iPhone App
Shop for a vehicle