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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
    Internal documents show Fisker lost $35,000 on each Karma
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    Anyone looking for a chilling plug-in vehicle warning tale should check out this detailed Reuters article, which digs into the financial history of Fisker Automotive and reveals that the company lost around $35,000 per vehicle. That number comes from "internal financial statements and interviews with former Fisker executives," Reuters reports, quoting a ...

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    Fisker Karma
    Did Fisker put too much blame on A123 Systems for overall failure?
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    Bad business partner or scapegoat? When it comes to battery maker A123 Systems and its role in Fisker Automotive's troubles, one conveniently anonymous source says its the former, alleging that the extended-range plug-in vehicle maker had plenty of problems of its own, Fox Business says. Executives at Fisker, which made the high-end Karma, started ...

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    Fisker Karma
    Report: Henrik Fisker bidding with Hong Kong tycoon to get his company back
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    Struggling to save Fisker Automotive from the of talons of bankruptcy, Henrik Fisker has teamed up with Hong Kong billionaire Richard Li to offer to purchase the company's outstanding U.S. Department of Energy's (DOE) advanced vehicles loan for just a fraction of its $171 million balance (the company was originally loaned $192 million, but $21 million was ...

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    Fisker Karma
    Bob Lutz and VL Automotive, Wanxiang trying to buy Fisker
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    Chinese company Wanxiang was in the news earlier this year, as it moved to acquire bankrupt automotive battery company A123. Turns out, while that was taking place in the public eye, Wanxiang was also working with VL Automotive – of Bob Lutz and Destino fame – to try and buy out Fisker Automotive. According to unnamed sources speaking to ...

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    Fisker Karma
    Mysterious Hybrid Support Solutions arises to support Fisker Karma, charges $4k for membership
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    It's hard to get sympathy when you have the funds to lay out north of $100,000 for a car, but for those Fisker Karma owners feeling blue, Hybrid Support Solutions (HSS) is there for you. For $3,995, of course. Karma owners can pay $3,995 for a subscription that gives them a chance to get service consulting for a car whose maker is a little too busy with ...

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    Fisker Karma
    Report: Fisker Karma prices tanking on used market
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    Buying into a new, fledgling automaker is always a big risk – the early-adopter upside has the potential to be great, but the downside can look like the mother of all hangovers. Unsurprisingly, that's the unpleasant financial reality facing Fisker Karma owners as they look to unload their extended-range electric sedans while the company's future ...

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    Fisker Karma
    After outage, Fisker Automotive website hints at positive future
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    The official, revamped website for Fisker Automotive appears to be more of an homage to the company's focus on style rather than an accurate snapshot of the struggling automaker's actual troubles. When you click on the homepage, you'll see red, white and blue images of its elegantly designed Fisker Karma plug-in hybrid sports car, which Bob Lutz said is ...

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    Fisker Karma
    Report: Fisker-based Destino still in the works, hundreds of Karma owners seek conversion
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    Wards Auto reports the VL Productions Destino is still moving forward. As you may recall, that machine takes a Fisker Karma hybrid, guts the drivetrain and replaces it with a honking 556 horsepower V8 from General Motors. Bob Lutz, while speaking with Wards, confirmed that VL Productions had obtained 20 Karma "gliders" without a battery, engine or ...

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    Fisker Karma
    Bob Lutz: GM deserved federal money, but Fisker, well, who knows?
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    Two days after a Congressional hearing about a US Department of Energy loan to Fisker Automotive, Bob Lutz wrote a column pondering what should be done to stop the financial hemorrhaging at the company that builds – well, used to build – the Karma extended-range sports car. When Lutz was vice chairman at General Motors, a federal bailout kept ...

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    Fisker Karma
    Fisker goes to Congress: DOE attacked amid hints loan could still be paid back
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    With a title like "Green Energy Oversight: Examining the Department of Energy's Bad Bet on Fisker Automotive" it was no surprise that the slant of today's Congressional hearing by the House Oversight subcommittee on Economic Growth, Job Creation, and Regulatory Affairs was overwhelmingly negative. In fact, for over three hours, it was perhaps the ...

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    Fisker Karma
    Fisker execs will be questioned today over DOE loan, repayments
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    As we get ready for a Congressional hearing later today, news of money that Fisker Automotive owes to the US government is on the mind of regulators and the public. Therefore, the US Department of Energy has announced that it did recently collect $21 million from the struggling automaker. The DOE says that the $21 million was paid back April 11. The ...

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    Fisker Karma
    Proposed interior colors for 2014 Fisker Karma included 'Coronado,' 'Palisades'
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    Among the things we're going to miss out on if/when Fisker Automotive goes bust is the legitimate description of "Coronado" as a color. That apparently orange-ish hue is one of four interior colors Fisker was planning on for its 2014 model-year Karma extended-range vehicle, according to Fisker Buzz. The three other colors planned for the two-toned ...

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    Fisker Karma
    Each Karma 'cost' Fisker $660,000 to produce
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    Fisker Karma
    House Republicans will hold hearing on Fisker, Henrik asks for travel funds
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    House Republicans have been critical of the Obama Administration over new-energy loans to companies such as Tesla Motors, and will hold a hearing later this month to discuss struggling California-based Fisker Automotive, the Wall Street Journal says. Representative Darrell Issa (R-CA), of the Government Reform and Oversight Committee, said he will also ...

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    Fisker Karma
    Report: Fisker mass layoffs triggers federal lawsuit
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    Turns out it's illegal to surprise three-quarters of your workforce with pink slips on a random Friday morning. Just before the weekend, Fisker Automotive furloughed 160 employees as "a necessary strategic step to... maximize the value of Fisker's core assets," which is lingo for trying to conserve as much cash and value as possible while the financially ...

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    Fisker Karma
    Fisker Karma discounted to $80,000, at one dealer, at least
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    The top-selling dealership offering the Fisker Karma has got some deep discounts available as it awaits the future of the troubled automaker. Fisker of Orange County is dropping the price well below the manufacturer's suggested retail level of between $105,000 and $120,000. In fact, a Karma recently sold for "just" $80,000. "I'm certainly more ...

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    Fisker Karma
    Breaking: Fisker PR team and many other employees face layoff this morning [UPDATE]
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    The entirety of the public relations team at Fisker is about to be laid off. That's according to an email Autoblog received this morning from a credible source stating that the entire PR team, along with a large number of other Fisker employees will be furloughed at 8:00AM PST this morning. The luxury plug-in-hybrid car startup launched with a splash ...

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    Fisker Karma
    Fisker, A123 settle $140m supply claims for just $15 million
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    Any self-respecting dealer would refuse to sell a Fisker Karma extended-range plug-in for a mere $12,000, but Fisker Automotive may be taking that approach with former battery supplier A123 Systems by settling for about 11 cents on the dollar in a bankruptcy-court claim. The California-based automaker settled with A123 Systems (which renamed its old ...

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    Fisker Karma
    Fisker hires bankruptcy team after worker furlough
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    After furloughing its US workers, Fisker Automotive has hired a law firm for a potential bankruptcy, Reuters reports, citing a person familiar with the process. Kirkland & Ellis is advising the California-based maker of the extended-range plug-in Karma for a potential bankruptcy filing, which hasn't produced a car in about eight months and is losing ...

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    Fisker Karma
    Fisker furloughs workers for one week, says it's 'common practice' in industry
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    The tea leaves are getting somewhat clearer over at Fisker Automotive with a new report saying the struggling automaker is furloughing its US workers this week, a month before a payment on the company's $529-million Department of Energy loan is due. Fisker never got the full amount, taking only about $193 million before the funds were frozen. In a ...

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