Posts Tagged: Fisker Karma

Henrik Fisker to launch new company, build 400-mile EV

Danish-born car designer and entrepreneur Henrik Fisker has relaunched his namesake company, and plans to showcase a vehicle in the second half of 2017. The new luxury EV will be a “spiritual successor” to the ill-fated Fisker Karma, and will use proprietary batteries made by a new Fisker subsidiary, Fisker Nanotech. “We have really been… Read more »

Karma announces supply agreement with BMW

Karma Automotive (formerly Fisker) has announced that BMW will supply a wide range of hybrid and EV components, including high-voltage battery charging systems, for Karma’s new vehicle that’s now in development. Karma will integrate BMW components into its flagship PHEV, which it plans to re-launch in 2016. The company says it already a next generation… Read more »

Under new Chinese owners, A123 finds promising niche in micro-hybrid market

Most Charged readers will certainly remember A123, the company that was founded in 2001 on the basis of promising battery technology developed at MIT; received a $249-million grant from the DOE and $100 million in tax breaks from the state of Michigan; raised $380 million in a 2009 IPO; made a bad bet on Fisker… Read more »

Karma is Fisker is Karma: The Luxury PHEV company rebrands and continues hiring

Fisker Automotive, the maker of the star-crossed plug-in hybrid sports car called the Karma, has now changed its name to Karma Automotive. The Fisker story has been colorful, and mostly tragic, since renowned designer Henrik Fisker co-founded the company in 2007. It was involved in a lawsuit with Tesla, became an issue in the 2012… Read more »

The new Fisker shows signs of life, launches Customer Support Program

Fisker’s new owner, Chinese parts giant Wanxiang, hopes to bring the American automaker back from the dead. It made a promising start on its resurrection plan this week as it launched a Customer Support Program for existing Karma owners. A letter to current owners reiterated that the company plans to “re-launch the Karma and introduce future… Read more »

Fisker to be renamed Elux, relaunch the Karma by mid-2016

Fisker Automotive will be renamed Elux, unnamed sources have told Reuters. The company, now owned by the Wanxiang Group, plans to relaunch the Karma PHEV sports car in mid-2016. The Elux Karma is expected to be strongly based on Henrik Fisker’s original Karma design. It will not be assembled in Finland, the sources said, but… Read more »

Fisker is hiring, rebuilding its supply chain

Things are stirring at Fisker Automotive. New owner Wanxiang plans to relaunch the Karma plug-in luxury sedan next year, and the company is hiring – its online job board lists some 45 open positions, including engineers, managers and interns. Fisker is renewing its relationship with Quantum Fuel Systems Technologies, the supplier of the Karma’s powertrain… Read more »

Could Wanxiang relaunch the Fisker as early as next year?

An unnamed source has told Reuters that the company is rushing to finish a new version of the Fisker Karma, and hopes to reintroduce it “by next year.” “It will have to be nearly identical to the 2012 model, or it would need to go through [safety] testing and certification again,” a supplier source said…. Read more »

Fisker needs to fix 250 “bugs” before production resumes

The Chinese auto parts giant Wanxiang Group, Fisker’s new owner, is working to restart production of the Karma at a plant in Finland, and hopes to eventually assemble the luxury PHEV in the US. Two of the company’s top execs have been on a US tour, meeting with officials and politicians in Delaware, where Fisker… Read more »

Wanxiang wins auction, will pay $149 million for Fisker

(Updated 2/17/2014 – 11:30 am ET to correct/clarify details of the Fisker’s DOE loan.) China’s Wanxiang Group won an auction for the assets of bankrupt Fisker with a $149.2 million offer, beating out rival bidder Hybrid Tech Holdings. The courtroom drama lasted three days and went through 19 rounds of bidding. Fisker’s creditors were delighted with… Read more »