The new technical center will spearhead final product development, component readiness and production launch.
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October plug-in vehicle sales break records
With a presidential election and a deadly hurricane hogging the headlines, it’s perhaps understandable that the major national news media have ignored the most important story: all three of the mass-market plug-in vehicles broke sales records in October, while also topping the Consumer Reports customer reliability survey. Once again the Chevrolet Volt leads the plug-in pack. The… Read more »
A123 finally runs out of juice and files for bankruptcy
Battery maker A123 Systems announced that it has filed for Chapter 11 bankruptcy, and agreed to sell its automotive business assets to Johnson Controls. Once considered a promising startup with innovative technology, the company took a huge hit in March, when it was forced to recall a batch of defective batteries destined for Fisker’s Karma… Read more »
Monthly EV sales continue to grow
It’s that time again – September sales figures are in. Overall EV sales are up, and the standings remain the same.The Chevy Volt sold 2,851 units, a slight improvement over August’s all time record of 2,831, for a year-to-date total of 16,348. The Volt’s Hamtramck assembly line will remain idle until October 15th. Toyota’s Prius… Read more »
Fisker CEO talks IPO and BMW
Fisker’s new CEO Tony Posawatz covered a number of timely topics in a speech to the Automotive Press Association on Monday.
Fisker to fix fans found at fault for fire
The company’s engineers, working with an independent fire expert, determined that a cooling fan had an internal fault that caused it to fail, overheat and start a slow-burning fire.
Fisker switches CEOs: LaSorda out, Posawatz in
Fisker Automotive has named Tony Posawatz its new CEO and President. He replaces Tom LaSorda, who took the job only in February.
Fisker Fire promises problematic publicity
The exact cause of the Texas fire has not been determined, but speculation centered on the tight component packaging in the engine compartment.
A123 Systems saved by the Chinese
Wanxiang Group will provide a bridge loan of $75 million or so, and eventually invest up to $450 million in A123, which would give it an ownership stake of about 80% in the company.
Chevy Volt laps other plug-ins in May sales
The American-made Volt handily beat its Japanese competitors in US sales of plug-in vehicles for the month of May.