We're starting to wonder what sort of person approved the $529 million Department of Energy loan Fisker Automotive that ended last month at the time when the federal government had to ... Read more
Fisker News
Beginning as Fisker Coachbuild, Fisker was founded in 2005 by Henrik Fisker and Bernhard Koehler with the intent of creating special versions of the BMW 6 Series and Mercedes-Benz SL-Class. When that attempt failed, the two men established Fisker Automotive in 2007 to create and build the Fisker Karma, an exotic car featuring a plug-in hybrid system. Keep track of new Karma developments at this blog, written by the most expert automotive writers in the industry. Your friends and social media groups will probably also want to follow the Fisker Karma, and so share your favorite posts with them.
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Report: Fisker Had Wildly Optimistic Expectation to Sell 100,000 Vehicles Per Year
Week in Review: Cadillac ATS Coupe Spied, More Problems for Fisker, and a BMW 1 Series Sedan is on t
The final full week of April 2013 has come to a close, but before it goes away forever, you'll want to check out all of this week's important happenings in the automotive world. The week began with news from Germany as BMW is pondering the possibility of a 1 Series ... Read more
U.S. Government Kept Giving Fisker Automotive Funds Despite Not Meeting Deadlines
As more details come to light, we've learned that Fisker Automotive continued receiving funds from the U.S. Department of Energy as much as a year after it was known that the company wasn't meeting milestones. That conclusion comes on the same day that Fisker executives and former employees are scheduled to testify before ... Read more
U.S. Department of Energy Recovers $21 Million from Fisker Despite Missing $10 Million Loan Repaymen
Embattled Fisker Automotive looks like it's falling farther down the proverbial mine shaft, missing its scheduled $10 million repayment to the U.S. Department of Energy on Monday for a loan of $192 million it took out to fund its green luxury car startup. And yet, somehow, the DOE recovered $21 million ... Read more
U.S. Rep Probes Fisker DOE Loan to See If Other Companies Would Have Used Money Better
The whole Fisker Automotive loan debacle is just becoming inane now, if it wasn't already. U.S. House of Representatives member Darrell Issa, R-California, is now seeing if the money that went to Fisker could have been better served going to another start-up automaker ... Read more
Fisker Faces Lawsuit for Employee Dismissals
Fisker Automotive is facing a federal lawsuit over not giving its workers adequate notice about last week's mass layoff. The plug-in hybrid automaker laid off 160 of 210 employees at the company’s headquarters in Anaheim, California. Fisker failed to notify employees ... Read more
Week in Review: The Rise and Fall of the Electric Car and Everything In Between
You would have loved to be in our office this week, especially with some big announcements from two environmental-centric automakers. Fisker looks like it's circling the drain while rival Tesla is getting ready to expand. On top of that, the suddenly relevant Shanghai Motor Show is just around the corner, ... Read more
Fisker Automotive Cuts 75 Percent of Its Employees
Regretfully, Fisker Automotive has cut three quarters of its staff today in a signal that the end is nigh. We can't joke about that; those are real people with families to support who are now unemployed, and our hearts go out to them. Fisker has run into financing ... Read more
Cut Out: Fisker Furloughs a Week of Pay as It Prepares Government Loan Payment
Things aren't looking good for Fisker Automotive. First, we hailed it as innovative and fun while being green. They we questioned the company's stability and the $100,000 Fisker Karma's reliability. And now onto its ... Read more
Week in Review: Fisker Resigns, Big Rig Designs, and Obama Reads Between the Lines
Sometimes after an auto show, we're sitting on our hands until our desks fill with news again. Not so this week. Following the Geneva Motor Show, we were inundated with happenings throughout the auto industry--some good, some not so good, and some making us wonder what's going to happen next. ... Read more
Official: Henrik Fisker Resigns from Executive Chairman Role at Fisker Automotive
After starting the company six years ago, Henrik Fisker resigned from Fisker Automotive today after being unable to coexist with upper management. According to an interview with Automotive News, Fisker left the company he started over disagreements with management concerning business strategy. When we reached out to Fisker for comment, it ... Read more
Fisker Hires Controversial Former GM Marketing Exec
Fisker Automotive, the controversial maker of the Karma plug-in hybrid luxury sedan, has hired former General Motors marketing executive Joel Ewanick as its interim chief marketing officer. Ewanick comes to Fisker with his own controversial history, looking to wipe his personal slate clean after a tumultuous time at his last ... Read more
Report: Used Car Prices Expected to Rise in Hurricane Sandy’s Aftermath
It's been more than a week since Hurricane Sandy tore apart parts of New Jersey and New York but the storm's aftermath will be felt for quite some time to come. A new report from the Detroit Free Press says that around 250,000 used vehicles--possibly more--were destroyed in wake of ... Read more
Hurricane Sandy Forces Automakers to Scrap 15,000 New Vehicles
Hurricane Sandy's effects are still being felt more than a week after it ravaged New York, New Jersey, and other surrounding areas. While more than 886,000 homes and business continue to wait for power, automakers from around the world are also taking inventory of stock that was in the path ... Read more
Fisker Releases Statement After 16 Karmas Catch Fire in Port of Newark During Hurricane Sandy
In case you've been living under a rock for the past week, you know the east coast is still shaking off the damage left in the wake of Hurricane Sandy. Fisker Automotive, like many others affected by the storm, ... Read more
Week in Review: Corvette Interior Shots, Fisker Atlantic Delayed Again, and Fiat Ponders Chrysler Mo
When the week began, all appeared quite calm on the automotive industry front, and that's how it would stay for the week. Then the week actually began and all of that quietness was drowned out by spy shots, SUV of the Year awards, and the possibility of a major American ... Read more
Fisker Delays Atlantic Sedan Until At Least 2014
Fisker's next vehicle, the Atlantic, has been delayed by at least two years. Instead of coming to fruition sometime this year, it's now been pushed back to 2014 as a 2015 model. Fisker unveiled the Atlantic in New York earlier this year, where company founder and CEO Henrik Fisker claimed that ... Read more
2013 Fisker Karma First Drive
There are fewer than 1,500 Fisker Karmas on the road, but judging by the amount of media attention and press Fisker gets, one would assume—for better or worse—Fisker could compete with the likes of GM. Why all the attention? The Fisker Karma has the looks of the finest exotic sports car, ... Read more
Mixed Karma At Fisker: A Surge Of Money, Just In Time For A Thorough Roasting
Comparing the companies Fisker and Tesla, both media darling juggernauts of the electric-car world, is like comparing the heroes Goofus and Gallant, the moral heroes of pediatric dentist's office staple Highlights magazine. Tesla delivers the Model S on time, making good on a bet; ... Read more
2012 Fisker Karma Recalled for Cooling Fan After Recent Fire
Sometimes, you get the feeling there are cars that get recalled more than a California governor. The 2012 Fisker Karma plug-in hybrid sedan, a $100,000-plus luxury car, is one of them. Having had a very public meltdown recently—both figuratively and literally—Fisker is now recalling its flagship sedan for a faulty cooling ... Read more
Fisker Automotive Looking to Raise More Cash to Produce Next Car
If you're Fisker Automotive, Karma really has been a...difficult process. After launching its first car, the 2012 Fisker Karma, at the beginning of this year, the automaker has struggled with quality issues, political posturing that has shunted Department of Energy startup loans, and logistical issues of where to built its next ... Read more
Fisker Replaces CEO with Former Chevrolet Volt Chief Manager
"Retirement isn't all it's cracked up to be." That's what the 52-year-old Tony Posawatz said as he assumed the reigns to Fisker Automotive a month after retiring from a three-decade career with General Motors, where he oversaw the development of the Chevrolet Volt. Posawatz retired recently, but was recruited heavily by now-former ... Read more
A123 Battery Supplier Keeps On Keepin’ On, But For How Long?
Battery supplier A123 Systems Inc. is not dead. Not yet, at least. The plucky underdog in the electric vehicle battery business is holding its head high, hoping that its latest breakthrough in battery technology can lead to a rebound. The new tech will allow consistent battery performance in extreme temperatures and ... Read more
Fisker Expands Its Recall, Says To Owners: Don’t Drive Your Karma
As the great sage Douglas Noel Adams might say: Don't Panic. Fisker had a recall a few months ago about a coolant leak, that affected 239 vehicles. Now, however, the recall has expanded to 19 more vehicles, bringing the total to 258 Karma EVs built from September of last ... Read more
Pushing Up Daisies? Battery Supplier A123 Looking at Massive Losses for Foreseeable Future
Battery supplier A123 Systems has announced there's "substantial doubt" over its long-term viability, as it has reported mounting losses throughout the first half of 2012. And it doesn't expect those losses to subside over the next few quarters. In fact, A123 announced in a recent Security and Exchange Commission filing that, "There ... Read more

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