Fisker Automotive
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Investing in startup companies is a risky way to make money. And if the startups are carmakers, it may be even riskier yet--as the Illinois Student Assistance Commission found out recently. The state agency managing the College Illinois prepaid tuition program had invested $10 million in the stock of range-extended electric car maker Fisker Automotive. It now expects to lose about two-thirds of that amount. As Fisker raises additional funds, ISAC was offered the opportunity to invest more money to keep its stake at the same percentage, a privilege afforded to early investors as later rounds...
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Fisker Gets $100 Million More In Funding To Develop Atlantic
In April, Tom LaSorda--then CEO of Fisker Automotive--said the company was raising additional capital. Today, Fisker announced that it had closed a new round of financing, with more than $100 million coming into the company's coffers. It will use the money, it says, for "continued product...
John Voelcker -
Fisker Surf, Sunset On Back Burner; Atlantic Is Top Priority
With a cause swiftly identified for a recent fire, 1,000 sales out of about 2,000 cars built , and promising European volume, Fisker has come through some rough water lately. Now, the company can focus on its next cars: the Surf shooting brake and Sunset retractable hardtop coupe derivatives of its...
John Voelcker -
How Many Karmas Has Fisker Built So Far? We Say 2,000-Plus
For roughly six months, Fisker Automotive has said it's sold "about 1,000" of its Karma range-extended electric luxury sedan, globally. Then, on July 31, we spotted a brand-new 2012 Karma at the Balboa Bay Club & Resort in Newport Beach, California--so new it still had dealer plates. Its...
John Voelcker -
Volt Executive Tony Posawatz Is New CEO Of Fisker Automotive
In an unexpected announcement, struggling startup electric-car maker Fisker Automotive this morning named Tony Posawatz its new CEO and President. He replaces Tom LaSorda, himself appointed CEO only in late February. LaSorda will leave the company but remain available as an advisor. Posawatz spent...
John Voelcker -
Second Fisker Karma Fire Casts Fresh Doubt On Plug-In Hybrid
Given the hurricane of bad publicity for the Chevrolet Volt last year over a battery-pack fire (in a crash-testing vehicle, a week after it was wrecked), any fire at all in a plug-in car is one too many. So the occurrence of a second fire among only 1,000 Fisker Karma range-extended electric luxury...
John Voelcker -
Henrik Fisker is viewed by many in the automotive industry as one of the finest designers of his generation, responsible for stunning cars like the BMW Z8, Aston Martin DB9, and Fisker Karma. But at a recent TEDx talk where the founder of Fisker Automotive told the audience how he got into automotive design, he drew a tantalizing sketch on stage that hints the firm could be designing a two-door plug-in coupe. Titled “New Isn’t Easy,” Fisker’s talk focused on visionary designs that have challenged the status quo over the past 100 years, ranging from the Model T Ford...
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Fisker Admits In Ads, 'It Isn't Easy'
We have to admit, Kermit the Frog has wisdom well beyond his species. "It isn't easy being green" describes the world of electric and hybrid vehicles quite vividly, and few have found it less easy being green than Fisker Automotive, makers of the Karma range-extended luxury car. So difficult have...
Antony Ingram -
DoE Hires Restructuring Advisor To Monitor Fisker Funding: Report
The main task for Fisker Automotive right now is to sell enough 2012 Fisker Karmas to keep the company solvent. It must take in enough cash to market the car, expand into new markets, and simultaneously develop its next vehicle, the Fisker Atlantic unveiled at the New York Auto Show. Now we learn...
John Voelcker -
Fisker Atlantic Unveiled, But What Are Fisker's Chances? (Video)
Standing on a New York City street with taxis, buses, and sirens in the background isn't necessarily the best place to shoot a video, as the clip above pretty much proves. But it was the backdrop for our segment on Fisker Automotive--since there were three 2012 Fisker Karma range-extended electric...
John Voelcker -
Fisker Atlantic: Mid-Size Project Nina Sedan Leaked Before NY Show Debut
With Fisker's Karma already on the market and in the hands of customers, all eyes have turned to Fisker's 'Project Nina', a car to slot below the Karma in Fisker's range. And it was bound to happen: Pictures of the next Fisker range-extended electric car have leaked onto the internet, ahead of its...
Antony Ingram -
Fisker Nina To Be Unveiled Before New York Auto Show
The 2012 New York Auto Show is almost upon us, and last night an unexpected invitation landed in journalist inboxes around the world. The sender was shown as "Fisker Nina Reveal," and the graphic was the simple line drawing above. The message inside was simply that Fisker Automotive would provide...
John Voelcker -
If the proverbial Chinese curse is true, Fisker Automotive has truly been living in interesting times. Its Karma range-extended electric luxury sport sedan struggled into the market in December, months late, and in January the DoE froze $336 million in untapped loans to the company. Now Fisker has named board member and vice chairman Tom LaSorda, formerly CEO and then a co-president of Chrysler, as its new CEO. The news was reported by the Wall Street Journal (may require subscription), which broke the story about an hour before a press conference to be held by Fisker for a "major business...
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2012 Fisker Karma Plug-In Is Real, But Will Company Survive?
After four years, an economic crisis, an industry meltdown, and plug-in cars becoming politically problematic, the 2012 Fisker Karma is on the streets at last. And it's a real car. We've driven it, shot video behind the wheel, and now we've formally reviewed it. We're still sorting out what we...
John Voelcker -
Irate Investor Sues Fisker: A Little Lesson In Venture Capital
This is the week when driving impressions of the 2012 Fisker Karma have started to appear, as Fisker invites in waves of automotive journalists for a half-day of driving in and around Los Angeles. (We'll have our report early next week, but we had a brief drive a few weeks ago, and another with...
John Voelcker -
Fisker Lays Off Workers, Seeks New Government-Loan Terms
The bad news just keeps on coming from electric-car startup Fisker Automotive. The company said today that it has laid off employees and contractors at both its new Anaheim, California, headquarters and its assembly facility in Wilmington, Delaware. Layoffs by car companies are hardly new, but...
John Voelcker -
2012 Fisker Karma Electric Car: Quick Drive Review [Video]
Price increases be damned, the 2012 Fisker Karma is finally here, and first examples are about to arrive in customers' driveways. Earlier in the week we posted our video driving impressions of the new four-door extended-range electric car from startup Fisker Automotive. Now it's time to expand on...
Joel Feder -
Fisker Automotive Lands Former Chrysler CEO Tom LaSorda
Fisker Automotive has appointed former Chrysler CEO Tom LaSorda to dual roles on its Board of Directors.
Kurt Ernst -
With the 2012 Fisker Karma now, finally, arriving in volume at dealerships, Fisker Automotive should finally begin to record some retail sales this month. Still, we're not sure that raising your prices right as your first customers return to their dealers to take delivery is particularly gracious. Fisker Automotive confirmed to Fox News last night that it will increase the price of the 2012 Karma by 6 percent two days from now, on Thursday, Dec 15. The base-level EcoStandard model will now sticker at $102,000--up from the $95,900 price announced a year ago--and the high-end EcoChic model will...
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Aptera Collapse: How & Why It Happened, A Complete Chronology
It's not the best photo, but it means a lot to the 19 people in it. Posed in front of a mirrored glass office building under a colorful logo, they are the final employees of the now-defunct Aptera Motors on the last day of its existence: Friday, December 2. Now we can bring you the inside...
John Voelcker -
Fisker Karma Electric-Car Production Ramps Up, But Slowly
Every carmaker ramps up production on a new vehicle slowly. So Fisker Automotive struck back at the thesis of a GigaOm article yesterday that suggested the company was delaying the production schedule for its 2012 Karma extended-range electric luxury sport sedan into the middle of next year...
John Voelcker -
Fisker Karma Customer Deliveries: Maybe October, Or November?
Startup carmaker Fisker Automotive has probably learned a lot of lessons about the timing of auto launches. Although the car went into production in March, it still hasn't been approved for sale by various U.S. regulatory bodies--including the Environmental Protection Agency--as of this month...
John Voelcker -
Fisker Surf Concept: Preview Of Plug-In Karma Shooting Brake
With Fisker just starting to deliver its first Karma plug-in hybrid sports sedans--no, still not a single road test by any journalist--attention now turns toward the Frankfurt Motor Show. Next week, the company will pull the covers off a concept for what it says will be the next model in the Fisker...
John Voelcker -
Fisker Automotive Raising $200 Million At $2.2 Billion Valuation
Electric car manufacturer Fisker Automotive is in the process of raising a $200 million funding round that would value the company at $2.2 billion, according to a report by Fortune. It would be the company's third funding round in six months. Fisker Automotive raised $190 million just five months...
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