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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 th... Read More

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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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    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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