Henrik Fisker is the man who has done all of the above. Fisker Automotive may have rolled out its Karma luxury plug-in hybrid sedan but is facing some problems, the most pressing of which is the lack of finance.
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Fisker CEO Tony Posawatz said at the LA Auto Show that the carmaker is waiting for the outcome of the December 6 auction of A123 Systems, the company’s sole battery supplier that has filed for bankruptcy.
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Although a location hasn’t been selected yet, South Eastern Michigan has been named by the company as a likely site for the new facility that’s scheduled to open in spring 2013.
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The catastrophe brought about by mega-hurricane Sandy damaged or completely destroyed thousands of new and used vehicles owned by dealerships as well as individuals. According to initial estimates, Toyota, Chrysler, Nissan and Honda will have to write-off around 15,000 brand-new cars.
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While we have yet to hear from Toyota, Fisker's engineers finished investigating the incident and have just released their findings through a press statement.
According to the manufacturer, the culprit turned out to be a low voltage Vehicle Control Unit in one Karma, which after being under salt water for several hours, short-circuited and caused a fire that then spread to the other 15 extended-range plug-in hybrid models parked nearby due to the strong winds blowing at the time.
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An eyewitness told Jalopnik (which like the rest of the Gawker websites, continues to be down after Sandy drowned its data center but is broadcasting temporarily from this site), that the Karma sedans “first submerged in a storm surge and then caught fire, exploded.”
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To be honest, there's nothing really dramatic about Fisker's SEMA show Karma saloons as the California-based automaker has simply chosen to display a car dressed in protective film wraps from 3M to highlight its newly formed partnership with the company, and a second custom-painted model dedicated to synthetic motor oil brand Mobil 1.
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Henrik Fisker did all of the above in four years. He knew very well though that you can’t sustain a company with a single model; especially one that costs more than US$100K. That’s why Fisker Automotive revealed the Atlantic, a mid-size petrol-electric hybrid, at the New York Show last April.
Read more » Henrik Fisker did all of the above in four years. He knew very well though that you can’t sustain a company with a single model; especially one that costs more than US$100K. That’s why Fisker Automotive revealed the Atlantic, a mid-size petrol-electric hybrid, at the New York Show last April.
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In its latest issue, the publication tested the Ford Escape Titanium and SE compact SUVs and the Infiniti JX, while also conducting two comparison tests: one in the compact upmarket segment, where the Acura ILX faced the Buick Verano, and the other in the luxury sedan category with the Fisker Karma placed against the Porsche Panamera S.
Read more » In its latest issue, the publication tested the Ford Escape Titanium and SE compact SUVs and the Infiniti JX, while also conducting two comparison tests: one in the compact upmarket segment, where the Acura ILX faced the Buick Verano, and the other in the luxury sedan category with the Fisker Karma placed against the Porsche Panamera S.
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On Tuesday, though, the upstart manufacturer announced that the Karma already surpasses the Corporate Average Fuel Economy (CAFE) standards that were finalized on August 28 by the NHTSA and EPA and will come into effect in 2025.
Read more » On Tuesday, though, the upstart manufacturer announced that the Karma already surpasses the Corporate Average Fuel Economy (CAFE) standards that were finalized on August 28 by the NHTSA and EPA and will come into effect in 2025.
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Besides the full-body chrome wrap, the blacked-out alloy wheels and heavily tinted windows, the owner came up with the bright (literally) idea of adding so-called "neon underglow lights" that change colors while the car is on the move.
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Fortunately for Fisker, no one had to call the fire brigade during the largest gathering of Karma sedans at the company’s global headquarters in Anaheim, California over the weekend.
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The company's engineers and the fire expert said that the ignition source and root cause of the fire was traced to a cooling fan unit located ahead of the left front wheel.
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Since their inception in 2007, the Fisker brand has raised over $1 billion (€809 million) in private finances to back its automotive projects, but now they need an extra cash flow in order to finalize production of their newest Atlantic model in the very near future.
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In a time when Fisker is facing battery issues and the lack of money flow, the company believes a veteran in the field will bring his wealth of knowledge to help the ailing brand.
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Following a short statement on Saturday, Fisker issued a more detailed announcement today saying that its engineers in cooperation with independent investigators from Pacific Rim Investigative Group have begun preliminary examination and testing on the Karma model involved in the fire.
The automaker has already shared some of the findings.
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The details surrounding the incident are extremely thin and we still do not know the cause of the fire.
Jalopnik reported that according to an eyewitness, the owner of the Karma went inside the grocery store and came out shortly after to discover smoke seeping out of the vehicle. The driver then called Fisker who told him to call 911.
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