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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
    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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    Fisker Karma
    As Fisker leaves his company, he buys brand-new Karma plug-in hybrid
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    Well at least Henrik Fisker is putting his money where his mouth is. Or was. The co-founder of his eponymous California-based extended-range plug-in vehicle maker, who resigned as executive chairman and left the company last week, did his former company a solid and bought a Fisker Karma from a Santa Monica, CA, dealer to replace his company car, the ...

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    Fisker fails to draw Geely bid after all [UPDATE]
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    Last week, Fisker Automotive lost its namesake and co-founder Henrik Fisker because of "several major disagreements" between the designer-turned-automaker and other executives. After that blow, could there be any more bad news out there? Maybe, if you consider the mooted takeover of the California-based plug-in luxury automaker by the Chinese Zhejiang ...

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    Fisker Karma
    The Game buys four Fisker Karmas for himself, friends
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    With friends like The Game, who needs Geely? The Los Angeles-based hip-hop artist (née Jayceon Terrell Taylor) recently bought a Cranberry-hued Fisker Karma extended-range plug-in vehicle for himself, then purchased three more of the $100,000 vehicles for his buddies. The Game posted the news on his Twitter feed last week, calling Fisker "The most ...

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    Fisker Karma
    Henrik Fisker resigns due to "major disagreements" with other execs [UPDATE]
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    The last time we talked to Henrik Fisker, he was a non-stop stream of optimism about the company he cofounded to build luxury plug-in hybrid automobiles. This, despite a ton of negative developments for the company in 2012. His outlook has taken a turn, apparently, since Fisker has reportedly resigned from the company that bears his name. No detailed ...

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    Fisker Karma
    ETC: Wrap your car in the loving and tender embrace of velvet
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    In case you hadn't noticed, car wrapping has gotten more popular and more common in recent years. At this year's SEMA show, in particular, it was difficult to walk ten feet without seeing some custom wrap job or another. With matte palettes, metallic finishes and famous racing liveries so thick on the ground then, it was probably only a matter of time ...

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    Fisker Karma
    Followup: Fisker reportedly drops $33MM lawsuit over Sandy damaged cars
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    In the wake of Superstorm Sandy hitting the east coast, Fisker Automotive and insurer XL Insurance wound up in a legal battle over 338 Karma models destroyed in the storm. The cars were sitting in Port Newark, New Jersey when the enormous storm struck, washing away $33 million worth of viable automobiles. Fisker sued XL Insurance in New York State Supreme ...

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    Fisker Karma
    Word of China's Geely leading bids for Fisker draws criticism from senator
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    Money isn't the only problem Fisker Automotive has with making more Karma plug-in hybrids (see: battery supply), but the California startup may soon have the cash to help resume production of its $100,000 plug-in luxury sedan. Zhejiang Geely Holding Group has the edge in taking a majority stake in the troubled automaker, according to two confidential ...

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    Fisker Karma
    Fisker may get $350 million bid from China's Dongfeng
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    Fisker Automotive may receive a $350 million acquisition bid from China-based automaker Dongfeng Motor Corp., Bloomberg says, citing people familiar with the process. Dongfeng would buy about 85 percent of the California-based maker of the $100,000 Karma extended-range plug-in, the wire service reports. Fisker spokesman Roger Ormisher tells Bloomberg ...

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