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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

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    Fisker Karma
    Wanxiang officially acquires Fisker Delaware plant for $18 million
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    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 ...

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    Fisker Karma
    Did Katy Perry really just buy five Fisker Karma PHEVs for her employees?
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    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 ...

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    Fisker Karma
    Fisker will borrow $5M from Wanxiang as interim solution
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    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 ...

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    Fisker Karma
    The New Fisker website goes live, says Karma warranties limited to $2,000
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    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 ...

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    Fisker Karma
    Almost $1 billion in claims filed against bankrupt Fisker
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    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 ...

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    Fisker Karma
    Wanxiang wants to restart Fisker Karma production as quickly as possible
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    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 ...

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    Fisker Karma
    Wanxiang wins bid for Fisker at $149.2 million
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    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 ...

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    Fisker Karma
    Fisker assets will be auctioned tomorrow, here's the situation today
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    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 ...

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

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    Fisker Karma
    Judge rules Fisker assets will be auctioned in February
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    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 ...

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    Fisker Karma
    Teased: VL Automotive hints at Fisker-based Destino convertible for Detroit
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    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 ...

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    Fisker Karma
    Judge: Fisker sale could be final January 3
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    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 ...

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    Fisker Karma
    Why some people still buy Fisker Karmas
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    Fisker Karma
    Report: Lutz promises silky VL Destino in 2014
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    A luxury performance sedan needs to have a lot of boxes checked off in order to stand out in a field of cookie-cutter four-doors. And the Fisker Karma checked off nearly all of them, with two notable exceptions: one was that gap-toothed grin, and the other was its hybrid powertrain. Fortunately, VL Automotive claims to have the answer to both. The ...

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    Fisker Karma
    Report: Fisker loan likely won by Hong Kong tycoon
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    Fisker, which made the $100,000+ Karma plug-in hybrid until it shuttered its plant 15 months ago, is said to finally have a buyer in an investment group led by Richard Li, one of Hong Kong's richest men. That's according to a new Reuters report, which notes that the the deal remains private since the sale hasn't been finalized finalized. The US ...

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    Fisker Karma
    Report: Fisker's remains on the auction block this week
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    How will a federal government that is partially shut down sell an automaker that is all-but-shut-down? We'll find out Friday when the Department of Energy starts an auction for what is left of Fisker's assets, according to TheDetroitBureau.com. The DOE said last month that auctioning off the $168-million remainder of Fisker's loan obligation was the, ...

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    Fisker Karma
    Germans investors Fritz Nols AG officially submits Fisker bid to DOE
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    Fisker Automotive may have an investor that could pull the struggling extended range Karma-maker off life support. Two German investors have made an offer that's been signed and "on the table," according to a Facebook post by Ingo Voigt, one of the two investors. "I am proud to tell you that we just sent our detailed offer including a signed LOI and ...

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    Fisker Karma
    Fisker CEO Tony Posawatz steps down, Bernhard Koehler steps in
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    The position of CEO of Fisker has once changed hands. In early 2012, company co-founder Henrik Fisker stepped down and Tom LaSorda took the position. LaSorda gave it up in August of that year to former Chevy Volt honcho Tony Posawatz. It's now twelve months later, and Posawatz is reportedly leaving for, we assume, greener pastures. Taking his place will ...

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    Fisker Karma
    Report: Fisker to be purchased by Germans for $25M?
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    American plug-in hybrid automaker Fisker Automotive has been through some tough times since losing its Department of Energy loan. More than 300 Karmas were destroyed by hurricane Sandy - and they weren't covered by the insurance company - its battery supplier filed for bankruptcy, and 75 percent of its employees were laid off in April. There have been ...

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    Fisker Karma
    Fisker Karma plays big money status symbol in 'Paranoia' movie
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    Actor Liam Hemsworth has been in the news lately for his rocky relationship with Miley Cyrus. Now, it looks like his character in an upcoming thriller – also starring Harrison Ford and Gary Oldman – isn't having much better luck with his choice of cars. Paranoia, which comes out August 16, features a faking-it wealthy young businessman played ...

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