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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 bleakens.

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 Geely Holding Group a good thing.

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 insider sources close to Fisker.

I finally got to drive a Fisker Karma (great model name!), and found it better than expected. The occasion was the annual Motor Press Guild (MPG) "Track Days" at Auto Club Speedway in Fontana, CA, where four Karmas were lined up to be driven by attending media. Not on the track of course, but on the straight, smooth public roads around it.

Vince Megna certainly has a way with words. In one five-and-a-half minute video, he calls the Fisker Karma a "modern-day Ford electric Pinto." He also says, "This is a beautiful car. It's just too bad it catches on fire." Would we expect anything less florid from the man who calls himself the King of Lemon Laws?

It's not a surprise that Consumer Reports doesn't like the Fisker Karma. The tester vehicle that the magazine straight-up purchased died before it went 200 miles. Then CR really figured out what was wrong with the plug-in hybrid.

Despite what some media outlets are saying, the long list of questions and answers about the Fisker Karma now floating around (and available below) is not a leaked document. Instead, it is part of Fisker's ongoing customer service operations, Roger Ormisher, Fisker's head PR director, told AutoblogGreen. The Q&A is the result of Fisker's ongoing town hall meetings it holds via telephone with customers, where "we discuss everything that's going on with the car." The questions are collected, a

Despite what some media outlets are saying, the long list of questions and answers about the Fisker Karma now floating around (and available below) is not a leaked document. Instead, it is part of Fisker's ongoing customer service operations, Roger Ormisher, Fisker's head PR director, told AutoblogGreen. The Q&A is the result of Fisker's ongoing town hall meetings it holds via telephone with customers, where "we discuss everything that's going on with the car." The questions are collected, a

By all accounts, the Fisker Karma is one hot car. For a couple of owners though, perhaps it's too hot.

By all accounts, the Fisker Karma is one hot car. For a couple of owners though, perhaps it's a bit too hot.

The National Highway Traffic Safety Administration has launched a formal field inquiry into the garage fire that may or may not have been started by a Fisker Karma sedan, Bloomberg reports. The conflagration, which destroyed the Karma, the garage and a few nearby vehicles, took place on May 3 in Sugarland, Texas.

The National Highway Traffic Safety Administration has launched a formal field inquiry into the garage fire that may or may not have been started by a Fisker Karma sedan, Bloomberg reports. The conflagration, which destroyed the Karma, the garage and a few nearby vehicles, took place on May 3rd in Sugarland, Texas.

"Our technologies and engine design have been fully tested and certified at the highest level. It is irresponsible and ill-informed for technology pundits to suggest otherwise in order to secure media attention for unfounded claims."

While the investigation of the Fisker Karma that toasted a Texas garage is not over, pundits have begun to weigh in. Automotive News has found a particularly credible one in Jon Bereisa, CEO of Auto Lectrification and the chief engineer of the General Motors EV1 and systems architect for the Chevrolet Volt. And according to Bereisa, the poor packaging of the Karma's internal combustion engine is what likely caused the fire.

While the investigation of the Fisker Karma that toasted a Texas garage is not over, pundits have begun to weigh in. Automotive News has found a particularly credible one in Jon Bereisa, CEO of Auto Lectrification and the chief engineer of the General Motors EV1 and systems architect for the Chevrolet Volt. And according to Bereisa, the poor packaging of the Karma's internal combustion engine is what likely caused the fire.

All the Justin Bieber in the world doesn't seem like enough for Fisker to catch a break. First it was a 2012 Fisker Karma spectacularly crapping out on Consumer Reports. Now a Texas fire investigator has said that a house fire originated with the plug-in hybrid, according to AutoWeek.

All the Justin Bieber in the world doesn't seem like enough for Fisker to catch a break. First it was a 2012 Fisker Karma spectacularly crapping out on Consumer Reports. Now a Texas fire investigator has said that a house fire originated with the plug-in hybrid, according to AutoWeek.

Last we heard, Fisker Automotive was still "committed" to building the recently revealed Atlantic sedan at the former General Motors plant in Delaware. A few years ago, Fisker announced that site would be the company's new domestic production home (the Fisker Karma extended-range plug-in hybrid is made by Valmet in Finland). Still, Fisker did say that any definitive statement on the Atlantic's production location would not come until the end of the summer.

While we normally don't care whether or not Justin Bieber wakes up and takes a breath each morning, it is unfortunate news when the teen pop idol is gifted a six-figure plug-in hybrid produced by one of the world's best designers, and then proceeds to wrap it in chrome, stick on some fuscia LEDs and drive it around on giant black wheels.

Fisker has found itself struggling with a range of technical issues shortly after the launch of the company's Karma extended-range EV, from faulty battery packs to pesky software updates. According to one former employee, that's no surprise. According to GigaOM, the worker in question reportedly left the company because of a push to get the production model out the door to satisfy Department of Energy loan requirements even though the early cars had a range of technical issues that still require

Fisker has found itself struggling with a range of technical issues shortly after the launch of the company's Karma extended-range EV, from faulty battery packs to pesky software updates. According to one former employee, that's no surprise. According to GigaOM, the worker in question reportedly left the company because of a push to get the production model out the door to satisfy Department of Energy loan requirements even though the early cars had a range of technical issues that still require

A Genuinely Good Idea That's Compromised By Design

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