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Fisker News

Fisker is a joint venture company between Fisker Coachbuild and Quantum Technologies to produce a plug-in hybrid called the Karma. The Karma has a claimed range of about 50 miles before a range-extending gas engine begins recharging the batteries.

Fisker Vehicles:

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    Fisker
    Fisker bankruptcy results in lawsuit against co-founder, $7.4m utility bill for taxpayers
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    Fisker Automotive took its sweet time filing for bankruptcy, waiting well over a year between building its last car and calling it quits. In the time since the bankruptcy filing just over a month ago, though, it's been a busy on the Fisker news front. A lot of documents have been revealed and reported on, and now there is a new lawsuit filed against ...

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    Fisker
    Fisker finally files for bankruptcy, new owner could build more Karmas
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    After 18 months of not building any vehicles, plug-in vehicle company Fisker finally threw in the Chapter 11 towel today, filing for bankruptcy protection. The Department of Energy sold its Fisker assets to Hybrid Tech Holdings LLC for $25 million, at a reported $139-million loss. Other reports say the DOE invested $192 million in Fisker, and only got ...

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    Fisker
    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
    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
    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
    DOE auctioning off Fisker's $168-million loan
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    If you've ever wanted to buy Fisker Automotive – not just a Karma, but the whole company – the opportunity is coming. The federal government is looking for a buyer for the automaker's $168 million Department of Energy debt note. That number comes from the original loan commitment of $528 million. Fisker only received $192 million of that ...

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    Fisker
    DOE restarting ATVM loan program famous for backing Tesla, Fisker
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    There have been some very public successes and failures from the Department of Energy's Advanced Technology Vehicle Manufacturing loan program, most notably Tesla and Fisker, but the US government is not yet finished. It's been a while – no ATVM loans have been given out since 2011 – but the DOE is finally getting ready to find homes for the ...

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    Fisker
    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
    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
    Vehicle Production Group's bad DOE loan put up for auction
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    The US Department of Energy (DOE) is trying out a new solution to loans that have flopped – auctioning them off. A $50-million loan previously award to Vehicle Production Group LLC (VPG) through the Advanced Technology Vehicles Manufacturing loan program (ATVMP) has gone unpaid. VPG, a maker of compressed natural gas-powered wheelchair-accessible ...

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    Fisker
    US House votes to keep $25b DOE loan program alive
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    In the "it may be broke, but we ain't fixing it" department, the US government has decided not to shutter the $25 billion Department of Energy loan program geared to accelerate advanced-powertrain technology development, the Detroit News reports. Given the opportunity to cut a mere $6 million in funding earmarked specifically to oversee the $25 billion ...

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    Fisker
    Fisker bankruptcy likely, says once-positive Delaware Governor
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    Delaware Governor Jack Markell gave business leaders a decidedly negative take on two possible futures for Fisker Automotive: bankruptcy or a negotiated settlement to pay off the $170 million it owes in federal loans at a reduced rate. Neither sounds very good for the governor of the state that brought Fisker into the former General Motors assembly plant ...

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    Fisker
    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
    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
    What $20 million means to both Tesla and Fisker
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    When is $20 million not equal to $20 million? When, for some, it's an interest payment and, for others, it's all someone else thinks they're worth. Here's how that one number means two totally different things to two different green car companies. Speaking to Bloomberg Television about the early repayment of Tesla Motors' DOE loan, CEO Elon Musk said ...

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    Fisker
    A123 Systems, now B456, wins court approval to exit bankruptcy
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    It's official: A123 Systems Inc. is passing through its final phase. The bankrupt lithium ion battery maker, now going by the name B456 Systems Inc., has won court approval for its plan to exit bankruptcy that pays off creditors from proceeds gained by selling off virtually all of its assets. Objections previously made by creditors had been resolved ...

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    Fisker
    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
    Mysterious Hybrid Support Solutions arises to support Fisker Karma, charges $4k for membership
    1369051200

    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
    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
    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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