Karma

FINAL ASSEMBLY

Fisker's funk causes prices to plunge

12:01 am U.S. ET | May 6, 2013
This isn't just a tough time for Fisker Automotive (a Chapter 11 filing seems likely); it's also rough out there for anyone trying to sell a new or used Karma hybrid luxury sedan.... Read More »

 

Big plans, bad karma: How Fisker fell apart

12:01 am U.S. ET | April 29, 2013
The roots of Fisker Automotive's precarious state go back several years, to a time when the company and the Department of Energy established unrealistic sales goals for an unknown automaker working with tricky hybrid technology.... Read More »

 

Fisker without Fisker: What's next?

12:01 am U.S. ET | March 18, 2013
What happens to Fisker Automotive now that Henrik Fisker is gone? Having produced no cars since last summer and scrambling to find new investors, Fisker's fate may be to pawn its technology and assets to Chinese automaker Zhejiang Geely.... Read More »

 

Geely leads China bids for Fisker, report says

6:00 am U.S. ET | Feb. 18, 2013
China's Geely is favored to secure a majority stake in electric carmaker Fisker, according to sources. Fisker is said to be weighing bids from Chinese automakers Geely and Dongfeng.... Read More »

 

Geely leads China bids for Fisker, report says

Feb. 18, 2013 12:00 CET
China's Geely is favored to secure a majority stake in electric carmaker Fisker, according to sources. Fisker is said to be weighing bids from Chinese automakers Geely and Dongfeng.... Read More »

 

2012 LISTS OF 10

10 fine designs

12:01 am U.S. ET | Dec. 31, 2012
Great design is in the details. Here we note 10 fabulous fine points found on production vehicles that were unveiled or went on sale in 2012.... Read More »

 

Fisker plans Midwest tech center to help develop second hybrid

3:56 pm U.S. ET | Nov. 15, 2012
Fisker Automotive says it plans to open a tech center in the Midwest, possibly in Southeast Michigan, to aid development of the Atlantic, the hybrid automaker's second vehicle.... Read More »

 

Fisker's Posawatz says partner talks 'on our radar screen'

4:06 pm U.S. ET | Oct. 1, 2012
Fisker Automotive CEO Tony Posawatz, five weeks into leading the luxury plug-in hybrid carmaker, says the company has a lot of work to do -- and says discussions with strategic partners are “on our radar screen.” One task on his to-do list, Posawatz said, is to start a leasing program.... Read More »

 

Fisker raises $100 million to fund luxury plug-in business

5:19 pm U.S. ET | Sept. 26, 2012
Fisker Automotive, the maker of the $100,000 Karma plug-in hybrid, said it raised more than $100 million from private investors in a recent round of equity financing. The money will help the company expand overseas sales, overcome quality problems with the Karma sedan and develop a second model.... Read More »

 

Fisker's Karma 'plagued with flaws,' Consumer Reports says

1:05 pm U.S. ET | Sept. 25, 2012
An influential consumer magazine said Fisker Automotive's Karma plug-in hybrid has a variety of flaws, from limited visibility to a poorly designed touch-screen system that amounts to an "ergonomic disaster."... Read More »

 

Fisker to recall Karmas for cooling fan defect linked to fire

4:12 pm U.S. ET | Aug. 18, 2012
Fisker Automotive, a maker of luxury plug-in hybrid cars backed by federal government loans, plans to recall all its $103,000 Karma sedans to fix a flawed cooling fan linked to a California fire.... Read More »

 

Fisker seeks to raise more cash before new model arrives

9:55 pm U.S. ET | Aug. 15, 2012
Fisker Automotive, the maker of the $100,000-plus Karma hybrid sports car, aims to raise about $150 million in additional funds to tide the company over until it can launch production of its second model, a key investor said on Wednesday.... Read More »

 

Fisker replaces CEO LaSorda with former Volt boss Posawatz

12:47 pm U.S. ET | Aug. 14, 2012
Fisker Automotive has replaced CEO Tom LaSorda with former Chevrolet Volt boss Tony Posawatz. LaSorda, 58, a former chief executive of Chrysler, will step down effective immediately, though he will continue to be available to the maker of plug-in hybrids as an adviser, company executives said today in a conference call. LaSorda was named CEO on Feb. 28 after joining as vice chairman in December 2011.... Read More »

 

As its vehicle batteries stumble, A123 diversifies

12:01 am U.S. ET | June 18, 2012
Last month, A123 Systems Inc., which makes batteries for the Fisker Karma plug-in hybrid, told the U.S. Securities and Exchange Commission that it had doubts about its ability to continue as a going concern. But in an interview this month, A123 officials said the company plans to return the work force to peak levels at its suburban Detroit plants and is embarking on a recovery plan calling for more nonautomotive customers and new products.... Read More »

 

Fisker, Penske team up to open Arizona dealership

4:10 pm U.S. ET | June 7, 2012
Luxury plug-in hybrid maker Fisker Automotive said today it has opened a dealership with Penske Automotive Group in Scottsdale, Ariz. The store gives Fisker 80 retail outlets globally, 48 in North America.... Read More »

 

A123 sees 'going concern' risk due to steep losses

10:48 pm U.S. ET | May 30, 2012
Lithium-ion battery maker A123 Systems said on Wednesday there was "substantial doubt" about its viability as a "going concern" because the company expects to burn through cash and report steep losses over the next several quarters.... Read More »

 

Fisker says Karma sales top $100M through April

10:34 am U.S. ET | May 29, 2012
Fisker Automotive said its rechargeable Karma sedans generated revenue of more than $100 million in the first four months of this year.... Read More »