The Fisker Automotive saga continues, and a federal bankruptcy judge would like to see the story wrap up soon. The bankruptcy filing from November 22 could reach completion on January 3 of the new year under a faster-than-normal sale process approved by
A luxury performance sedan needs to have a lot of boxes checked off in order to stand out in a field of cookie-cutter four-doors. And the Fisker Karma checked off nearly all of them, with two notable exceptions: one was that gap-toothed grin, and the other was its hybrid powertrain. Fortunately, VL Automotive claims to have the answer to both.
American plug-in hybrid automaker Fisker Automotive has been through some tough times since losing its Department of Energy loan. More than 300 Karmas were destroyed by hurricane Sandy - and they weren't covered by the insurance company
Actor Liam Hemsworth has been in the news lately for his rocky relationship with Miley Cyrus. Now, it looks like his character in an upcoming thriller – also starring Harrison Ford and Gary Oldman – isn't having much better luck with his choice of cars. Paranoia, which comes out August 16, features a faking-it wealthy young businessman played by Hemsworth who tools around in a
Anyone looking for a chilling plug-in vehicle warning tale should check out this detailed Reuters article, which digs into the financial history of Fisker Automotive and reveals that the company lost around $35,000 per vehicle.
Struggling to save Fisker Automotive from the of talons of bankruptcy, Henrik Fisker has teamed up with Hong Kong billionaire Richard Li to offer to purchase the company's outstanding U.S. Department of Energy's (DOE) advanced vehicles loan for just a fraction of its $171 million balance (the company was originally loaned $192 million, but $21 million was seized last month by the Energy Depar
Chinese company Wanxiang was in the news earlier this year, as it moved to acquire bankrupt automotive battery company A123. Turns out, while that was taking place in the public eye, Wanxiang was also working with VL Automotive – of Bob Lutz and Destino
It's hard to get sympathy when you have the funds to lay out north of $100,000 for a car, but for those Fisker Karma owners feeling blue, Hybrid Support Solutions (HSS) is there for you. For $3,995, of course.
Buying into a new, fledgling automaker is always a big risk – the early-adopter upside has the potential to be great, but the downside can look like the mother of all hangovers. Unsurprisingly, that's the unpleasant financial reality facing Fisker Karma owners as they look to unload their extended-range electric sedans while the company's future bleakens.
Wards Auto reports the VL Productions Destino is still moving forward. As you may recall, that machine takes a Fisker Karma hybrid, guts the drivetrain and replaces it with a honking 556 horsepower V8 from General Motors. Bob Lutz, while speaking with Wards, confirmed that VL Productions had obtained 20 Karma "gliders" wit
Fisker Automotive looks to be headed towards bankruptcy protection. Automotive News reports the automaker could file Chapter 11 as soon as this week as the US Department of Energy attempts to get the company to give back around $200 million in federal loans. The manufacturer's lawyers have already drawn up the necessar
Turns out it's illegal to surprise three-quarters of your workforce with pink slips on a random Friday morning. Just before the weekend, Fisker Automotive furloughed 160 employees as "a necessary strategic step to... maximize the value of Fisker's core assets," which is lingo for trying to conserve as much cash and value as possible wh
The top-selling dealership offering the Fisker Karma has got some deep discounts available as it awaits the future of the troubled automaker. Fisker of Orange County is dropping the price well below the manufacturer's suggested retail level of between $105,000 and $120,000. In fact, a Karma recently sold for "just" $80,000.
It looks as if electric carmaker Fisker is about to join the ranks of companies like like Studebaker, Packard, and Duesenberg: Great automotive companies that failed.
The entirety of the public relations team at Fisker is about to be laid off. That's according to an email Autoblog received this morning from a credible source stating that the entire PR team, along with a large number of other Fisker employees will be furloughed at 8:00AM PST this morning.
With friends like The Game, who needs Geely? The Los Angeles-based hip-hop artist (née Jayceon Terrell Taylor) recently bought a Cranberry-hued Fisker Karma extended-range plug-in vehicle for himself, then purchased three more of the $100,000 vehicles for his buddies.
The last time we talked to Henrik Fisker, he was a non-stop stream of optimism about the company he cofounded to build luxury plug-in hybrid automobiles. This, despite a ton of negative developments for the company in 2012. His outlook has taken a turn, apparently, since Fisker has reportedly resigned from the company that bears his name. No detailed reasons were given, but in a statement sent to Autocar, the
In the wake of Superstorm Sandy hitting the east coast, Fisker Automotive and insurer XL Insurance wound up in a legal battle over 338 Karma models destroyed in the storm. The cars were sitting in Port Newark, New Jersey when the enormous storm struck, washing away $33 million worth of v
Money isn't the only problem Fisker Automotive has with making more Karma plug-in hybrids (see: battery supply), but the California startup may soon have the cash to help resume production of its $100,000 plug-in luxury sedan. Zhejiang Geely Holding Group has the edge in taking a majorit
One of the big criticisms of the Fisker Karma is that the heavy beast isn't exactly efficient. A curb weight of 5,300 pounds is one reason why the EPA says, when running on premium gas, the Karma gets just 20 miles per gallon combined (and 20 city/21 hwy). When you throw electricity into the mix, the Karma is rated at 54 MPGe combined.
