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Fisker issued a stark warning yesterday that it might not be able to continue as a going concern after announcing $463.6 million in losses. Though building more than 10,000 of Fisker's initial model, the Ocean, the company was only able to deliver about 4,700 units in 2023. Fisker initially pursued a direct-to-consumer sales model, but just last month announced it would add dealerships alongside the existing distribution with 13 dealerships across the U.S. and Europe signed up so far. Fisker said its business plan was highly dependent on the success of the dealership model. Fisker aims to deliver 20,000 to 24,000 units in 2024. CEO Henrik Fisker said, "2023 was a challenging year for Fisker, including delays with suppliers and other issues that prevented us from delivering the Ocean SUV as quickly as we had expected". Fisker additionally said it would be cutting 15% of its workforce and pursuing a partnership with another automaker for investment and joint product development. This afternoon, a source close to the company revealed that Nissan is the sole manufacturer in "advanced talks" with Fisker. While details of the deal are preliminary and not finalized, Nissan would invest more than $400 million into Fisker's truck platform, which the two companies would share. Nissan would build its own version of the EV truck at one of its U.S. Assembly plants. Nissan was one of the earliest entries in the EV space with its Nissan Leaf hatchback debuting in 2010 but had since failed to gain ground against upstarts like Tesla and industry giants like Hyundai. The deal could close by the end of March. Related: Fisker Ocean Extreme Receives 360-mile EPA Range, Starts Deliveries This Month Fisker Ocean Can Gain 200 Miles Range in 30 Minutes Fisker Joins Others to Adopt Tesla's NACS Charging View full article -
Fisker issued a stark warning yesterday that it might not be able to continue as a going concern after announcing $463.6 million in losses. Though building more than 10,000 of Fisker's initial model, the Ocean, the company was only able to deliver about 4,700 units in 2023. Fisker initially pursued a direct-to-consumer sales model, but just last month announced it would add dealerships alongside the existing distribution with 13 dealerships across the U.S. and Europe signed up so far. Fisker said its business plan was highly dependent on the success of the dealership model. Fisker aims to deliver 20,000 to 24,000 units in 2024. CEO Henrik Fisker said, "2023 was a challenging year for Fisker, including delays with suppliers and other issues that prevented us from delivering the Ocean SUV as quickly as we had expected". Fisker additionally said it would be cutting 15% of its workforce and pursuing a partnership with another automaker for investment and joint product development. This afternoon, a source close to the company revealed that Nissan is the sole manufacturer in "advanced talks" with Fisker. While details of the deal are preliminary and not finalized, Nissan would invest more than $400 million into Fisker's truck platform, which the two companies would share. Nissan would build its own version of the EV truck at one of its U.S. Assembly plants. Nissan was one of the earliest entries in the EV space with its Nissan Leaf hatchback debuting in 2010 but had since failed to gain ground against upstarts like Tesla and industry giants like Hyundai. The deal could close by the end of March. Related: Fisker Ocean Extreme Receives 360-mile EPA Range, Starts Deliveries This Month Fisker Ocean Can Gain 200 Miles Range in 30 Minutes Fisker Joins Others to Adopt Tesla's NACS Charging -
Fisker has announced that the Ocean Extreme has achieved an EPA rating of 360 miles, longer range than any SUV under $200k currently sold. The Extreme is the top range of the Ocean lineup, with Ultra and Sport offering 340 miles and 250 miles of range, respectively. There is also the Fisker Ocean One, a special edition of the Extreme, but unless you already hold a reservation for one, you're not able to buy it. The Ocean Extreme prices out at $68,999 base and features dual-motor AWD, boost mode, and a host of driving assist features. California Mode drops all windows aft of the windshield, including the tailgate and D-pillar windows, allowing for an open-air driving experience. Ocean Ultra has a base price of $49,999, which slightly undercuts the Tesla Model Y LR while offering 10 extra miles of range. Ocean Sport undercuts the Tesla Model Y base by about $10,000 but has 29 fewer miles of range. On a 350 kW DC-Fast Charger, the Fisker Ocean can gain 200 miles of range in just 30 minutes. Now with EPA certification in hand, Fisker says that the first Ocean deliveries will start the week of June 19th, with production rapidly expanding after that. View full article
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Fisker has announced that the Ocean Extreme has achieved an EPA rating of 360 miles, longer range than any SUV under $200k currently sold. The Extreme is the top range of the Ocean lineup, with Ultra and Sport offering 340 miles and 250 miles of range, respectively. There is also the Fisker Ocean One, a special edition of the Extreme, but unless you already hold a reservation for one, you're not able to buy it. The Ocean Extreme prices out at $68,999 base and features dual-motor AWD, boost mode, and a host of driving assist features. California Mode drops all windows aft of the windshield, including the tailgate and D-pillar windows, allowing for an open-air driving experience. Ocean Ultra has a base price of $49,999, which slightly undercuts the Tesla Model Y LR while offering 10 extra miles of range. Ocean Sport undercuts the Tesla Model Y base by about $10,000 but has 29 fewer miles of range. On a 350 kW DC-Fast Charger, the Fisker Ocean can gain 200 miles of range in just 30 minutes. Now with EPA certification in hand, Fisker says that the first Ocean deliveries will start the week of June 19th, with production rapidly expanding after that. -
The EV startup Fisker will be officially debuting their Ocean EV on January 4th at the Consumer Electronics Show in Las Vegas. Fisker has been teasing images of the Ocean for months. Fisker has also announced that they will be partnering with Electrify America, the charging network born from the Volkswagen Dieselgate scandal. Electrify America is building out a network of 350 kW rapid chargers to be coming online in 45 states by December 2021. Fisker says that when using those 350 kW rapid chargers, the Ocean will be able to gain 200 miles of range in at little as 30 minutes. The Electrify America network will automatically recognize the Ocean and be set up for automatic payments. Fisker will also be offering a complimentary charging scheme to go with the vehicle. The Ocean is a direct competitor to the forthcoming Tesla Model Y and Ford Mustang Mach-E. Range is expected to be around 300 miles under ideal conditions from its 80 kWh battery. On the roof is a full-size solar panel that is said to be able to add 1,000 miles of range to the vehicle per year. Fisker is said to be working on solid state battery technology that would increase range to 500 miles and allow for charges in minutes. Fisker claims the Ocean will be the most sustainable vehicle built with many recycled and vegan materials inside. The Fisker Ocean will be offered primarily through leasing rather than purchasing. Pricing for a lease is expected to start around $379 per month after a deposit of $2,999. The Ocean is expected to go into production at the end of 2021 with full production commencing in early 2022. View full article
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The EV startup Fisker will be officially debuting their Ocean EV on January 4th at the Consumer Electronics Show in Las Vegas. Fisker has been teasing images of the Ocean for months. Fisker has also announced that they will be partnering with Electrify America, the charging network born from the Volkswagen Dieselgate scandal. Electrify America is building out a network of 350 kW rapid chargers to be coming online in 45 states by December 2021. Fisker says that when using those 350 kW rapid chargers, the Ocean will be able to gain 200 miles of range in at little as 30 minutes. The Electrify America network will automatically recognize the Ocean and be set up for automatic payments. Fisker will also be offering a complimentary charging scheme to go with the vehicle. The Ocean is a direct competitor to the forthcoming Tesla Model Y and Ford Mustang Mach-E. Range is expected to be around 300 miles under ideal conditions from its 80 kWh battery. On the roof is a full-size solar panel that is said to be able to add 1,000 miles of range to the vehicle per year. Fisker is said to be working on solid state battery technology that would increase range to 500 miles and allow for charges in minutes. Fisker claims the Ocean will be the most sustainable vehicle built with many recycled and vegan materials inside. The Fisker Ocean will be offered primarily through leasing rather than purchasing. Pricing for a lease is expected to start around $379 per month after a deposit of $2,999. The Ocean is expected to go into production at the end of 2021 with full production commencing in early 2022. -
Today Henrik Fisker announced the name for Fisker's upcoming EV SUV. Called the Ocean, it has been shown in a number of concept studies over the past year. The concept wears a solar roof to help with charging and retractable door handles. Looking mildly like a Range Rover Evoque, the vehicle is being produced with many recycled materials. Fisker claims this will make the SUV one of the most sustainable vehicle available. The starting price is claimed to be around $40,000 and have a range of over 300 miles through its 80 kWh enhanced lithium-ion batteries. Rear-motor, rear drive and dual-motor all wheel drive will be available. The SUV should hit the market in late 2021, about a year after Tesla's Model Y goes on sales. Fisker is offering a Tesla-like online-only sales model with "nationwide concierge service". Henrik also announced that there will be some big news on November 27th, the day before Thanksgiving, when online reservation become available. The production ready prototype will be revealed in January 2020. Fisker has been late in delivering on its promises before, so if you're waiting for one of these, you may be waiting a little longer than planned. Related: Fisker Shows First Look at New Electric SUV Fisker Teasing Us with Electric SUV Concept View full article
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Today Henrik Fisker announced the name for Fisker's upcoming EV SUV. Called the Ocean, it has been shown in a number of concept studies over the past year. The concept wears a solar roof to help with charging and retractable door handles. Looking mildly like a Range Rover Evoque, the vehicle is being produced with many recycled materials. Fisker claims this will make the SUV one of the most sustainable vehicle available. The starting price is claimed to be around $40,000 and have a range of over 300 miles through its 80 kWh enhanced lithium-ion batteries. Rear-motor, rear drive and dual-motor all wheel drive will be available. The SUV should hit the market in late 2021, about a year after Tesla's Model Y goes on sales. Fisker is offering a Tesla-like online-only sales model with "nationwide concierge service". Henrik also announced that there will be some big news on November 27th, the day before Thanksgiving, when online reservation become available. The production ready prototype will be revealed in January 2020. Fisker has been late in delivering on its promises before, so if you're waiting for one of these, you may be waiting a little longer than planned. Related: Fisker Shows First Look at New Electric SUV Fisker Teasing Us with Electric SUV Concept -
We first saw a rendering of the forthcoming Fisker SUV back in March of this year. Now Fisker is releasing some photos of the concept and a few more details. The front end of the Fisker SUV looks mildly like a Land Rover if you stare at the headlights long enough. Along the side are retracting door handles and an interesting D-Pillar turn-signal repeater. Fisker has previously shown the SUV with a solar roof to help with charging. Fisker says the SUV will start under $40,000 and have a range over 300 miles per charge. They are also claiming that the vehicle will be the most sustainable vehicle available with many of the parts being made from recycled materials. For now, the look of the interior is a secret until its official unveiling later this year. Fisker hopes to have the SUV on the road in 2021. View full article
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We first saw a rendering of the forthcoming Fisker SUV back in March of this year. Now Fisker is releasing some photos of the concept and a few more details. The front end of the Fisker SUV looks mildly like a Land Rover if you stare at the headlights long enough. Along the side are retracting door handles and an interesting D-Pillar turn-signal repeater. Fisker has previously shown the SUV with a solar roof to help with charging. Fisker says the SUV will start under $40,000 and have a range over 300 miles per charge. They are also claiming that the vehicle will be the most sustainable vehicle available with many of the parts being made from recycled materials. For now, the look of the interior is a secret until its official unveiling later this year. Fisker hopes to have the SUV on the road in 2021. -
Herick Fisker is back again after his original company succumbed to bankruptcy in 2014. Now as Fisker, Inc., the latest vehicle he is showing is an electric crossover concept. While we have a picture, the technical details are light. The EV will be priced near $40,000 and have a 300 mile range. Powered by an 80 kWh enhanced lithium-ion battery, there will be rear-motor rear wheel drive and optional dual motor all wheel drive available. Fisker is planning on the not-yet-named SUV in late 2021, just about a year after the Tesla Model Y is due to hit the market. Fisker is planning on a Telsa-Like online only sales model with "nationwide concierge service". View full article
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Herick Fisker is back again after his original company succumbed to bankruptcy in 2014. Now as Fisker, Inc., the latest vehicle he is showing is an electric crossover concept. While we have a picture, the technical details are light. The EV will be priced near $40,000 and have a 300 mile range. Powered by an 80 kWh enhanced lithium-ion battery, there will be rear-motor rear wheel drive and optional dual motor all wheel drive available. Fisker is planning on the not-yet-named SUV in late 2021, just about a year after the Tesla Model Y is due to hit the market. Fisker is planning on a Telsa-Like online only sales model with "nationwide concierge service".- 10 comments
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Fisker Claims 400 mile range, 9 min recharge time for new Graphene & Solid state battery! Seems they are talking about a battery around 130kWh in size. They also are saying they will show off their new XFC charger at CES They wrap this up by saying they will be the first with Level 6 autonomous driving. Makes the term road rage a whole new thing, AI Road rage? -
Fisker is beginning to drop information on their new vehicle called EMotion along with some clear images of the model. The design is.. well... out there. The side profile looks be a Karma that has been squished. There are tall wheel wells and deep cuts in the doors. The front end is something - we're going with the policy if you have nothing nice to say, don't say anything. The vehicle is built out of aluminum and carbon fiber. Fisker is already making some claims about the EMotion such as the vehicle having "superb rear legroom." "Fisker has taken advantage of the newly developed electric powertrain layout by pushing the vehicle’s entire interior compartment forward and increasing the wheelbase with distinctively short front and rear overhangs, a layout that increases the interior space," the company said in a statement. Also, the EMotion will have a range of 400 miles and reach a top speed of 161 mph. The company says this range is due to graphene battery technology developed by Fisker Nanotech and Nanotech Energy Inc. Details about this new battery tech are slim. One more thing, the EMotion will feature autonomous driving technologies. Fisker will fully unveil the EMotion in mid-2017. Source: Motor1, Roadshow -
Fisker is beginning to drop information on their new vehicle called EMotion along with some clear images of the model. The design is.. well... out there. The side profile looks be a Karma that has been squished. There are tall wheel wells and deep cuts in the doors. The front end is something - we're going with the policy if you have nothing nice to say, don't say anything. The vehicle is built out of aluminum and carbon fiber. Fisker is already making some claims about the EMotion such as the vehicle having "superb rear legroom." "Fisker has taken advantage of the newly developed electric powertrain layout by pushing the vehicle’s entire interior compartment forward and increasing the wheelbase with distinctively short front and rear overhangs, a layout that increases the interior space," the company said in a statement. Also, the EMotion will have a range of 400 miles and reach a top speed of 161 mph. The company says this range is due to graphene battery technology developed by Fisker Nanotech and Nanotech Energy Inc. Details about this new battery tech are slim. One more thing, the EMotion will feature autonomous driving technologies. Fisker will fully unveil the EMotion in mid-2017. Source: Motor1, Roadshow View full article
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Henrik Fisker Gives The Car Maker Business Another Go
William Maley posted an article in Automotive Industry
Henrik Fisker has resurrected his namesake company. Speaking with Bloomberg, Fisker said his new company Fisker Inc. will reveal a "premium, all-electric vehicle in the second half of 2017." Various about this new vehicle and the underlying electric technologies are currently under lock and key. But Bloomberg was able to glean some information about it. The battery technologies developed by Fisker Nanotech - their battery division - promises over 400 miles of range and feature industry-leading battery life that could "match the life of the vehicle." “The technology emanates from several professors from UCLA who have been working on energy storage. We have already developed prototypes that you won’t see anywhere else,” said Jack Kavanaugh, chairman of Fisker Nanotech. Fisker wouldn't say much about the design of the new model except that it would feature some of his own design elements. “It will definitely be something that when you see it, it will look completely different. It will be sporty and spacious. And you’ve got to make something look beautiful—there is no excuse for making an ugly car, even with new technology—so it will definitely have some of my signature elements.” The company also plans on launching an affordable model down the road. Source: Bloomberg -
Henrik Fisker has resurrected his namesake company. Speaking with Bloomberg, Fisker said his new company Fisker Inc. will reveal a "premium, all-electric vehicle in the second half of 2017." Various about this new vehicle and the underlying electric technologies are currently under lock and key. But Bloomberg was able to glean some information about it. The battery technologies developed by Fisker Nanotech - their battery division - promises over 400 miles of range and feature industry-leading battery life that could "match the life of the vehicle." “The technology emanates from several professors from UCLA who have been working on energy storage. We have already developed prototypes that you won’t see anywhere else,” said Jack Kavanaugh, chairman of Fisker Nanotech. Fisker wouldn't say much about the design of the new model except that it would feature some of his own design elements. “It will definitely be something that when you see it, it will look completely different. It will be sporty and spacious. And you’ve got to make something look beautiful—there is no excuse for making an ugly car, even with new technology—so it will definitely have some of my signature elements.” The company also plans on launching an affordable model down the road. Source: Bloomberg View full article
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G. David Felt Staff Writer Alternative Energy - www.CheersandGears.com Karma - Boldly Imperfect Email Karma Marketing machine has started, When Fisker was sold, it was not long before the new Karma web site was setup and was very basic. Yet it did have a sign up for email information field. I did this and Karma has finally started sending out information on their upcoming new EV auto. Karma has decided to take the marketing approach of "Boldly Imperfect" and also sent out this video link. Boldly Imperfect Video New Interior Karma Automotive
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Back in February, we reported on the rumors that Fisker Automotive was planning to change its name to Elux. This past week, Fisker has officially changed its name and it isn't Elux. Meet Karma Automotive. The company says this name has always been a part of the brand - see Karma plug-in hybrid sedan. "Karma is based on the principle of cause and effect, where your actions create your future. This awareness of what we are doing and why we are doing it—which we characterize as acting with intention—is what we stand for, it's authentic," said James Taylor, Karma's Chief Marketing Officer. Rumor has it that production of the Karma sedan will restart sometime next year. We expect a name change along with the production restart. Source: Karma Automotive Press Release is on Page 2 Fisker Automotive Reveals New Name And Logo Karma Automotive - honors iconic design and communicates future direction COSTA MESA, Calif., Sept. 30, 2015 /PRNewswire/ -- Fisker Automotive and Technology Group announced a name change today to Karma Automotive. The company also launched its new website, including a video that reveals its new logo at karmaautomotive.com. "With new ownership, a new management team, and a new production site, all here in California, it was time to communicate change," said James Taylor, Karma's Chief Marketing Officer. "Karma" was chosen because it is relevant to both the old and new brands, while providing an aspirational message which embodies the company's purpose. "Karma is based on the principle of cause and effect, where your actions create your future. This awareness of what we are doing and why we are doing it—which we characterize as acting with intention—is what we stand for, it's authentic," added Taylor. Karma's new executive team has attracted top-tier talent from the automotive and technology industries to bring world-class expertise to its headquarters and new assembly facility in Southern California. Karma Automotive's owner, Wanxiang Group, one of the world's largest automotive component conglomerates, is committed to the alternative energy space, having acquired solar, wind and energy companies. The group provides strong financial backing necessary to build a sustainable, world-class luxury automotive brand. View full article
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Back in February, we reported on the rumors that Fisker Automotive was planning to change its name to Elux. This past week, Fisker has officially changed its name and it isn't Elux. Meet Karma Automotive. The company says this name has always been a part of the brand - see Karma plug-in hybrid sedan. "Karma is based on the principle of cause and effect, where your actions create your future. This awareness of what we are doing and why we are doing it—which we characterize as acting with intention—is what we stand for, it's authentic," said James Taylor, Karma's Chief Marketing Officer. Rumor has it that production of the Karma sedan will restart sometime next year. We expect a name change along with the production restart. Source: Karma Automotive Press Release is on Page 2 Fisker Automotive Reveals New Name And Logo Karma Automotive - honors iconic design and communicates future direction COSTA MESA, Calif., Sept. 30, 2015 /PRNewswire/ -- Fisker Automotive and Technology Group announced a name change today to Karma Automotive. The company also launched its new website, including a video that reveals its new logo at karmaautomotive.com. "With new ownership, a new management team, and a new production site, all here in California, it was time to communicate change," said James Taylor, Karma's Chief Marketing Officer. "Karma" was chosen because it is relevant to both the old and new brands, while providing an aspirational message which embodies the company's purpose. "Karma is based on the principle of cause and effect, where your actions create your future. This awareness of what we are doing and why we are doing it—which we characterize as acting with intention—is what we stand for, it's authentic," added Taylor. Karma's new executive team has attracted top-tier talent from the automotive and technology industries to bring world-class expertise to its headquarters and new assembly facility in Southern California. Karma Automotive's owner, Wanxiang Group, one of the world's largest automotive component conglomerates, is committed to the alternative energy space, having acquired solar, wind and energy companies. The group provides strong financial backing necessary to build a sustainable, world-class luxury automotive brand. -
Since being bought by Chinese auto parts supplier, Wanxiang Group, Fisker Automotive has been quietly ramping back up with a new headquarters in Costa Mesa, CA, and an upcoming factory in Moreno Valley, CA. But one item that has been up in the air is when production of the Karma would restart. Speaking with The Oakland County Register, Fisker's chief marketing officer Jim Taylor said the automaker will relaunch sometime in the middle of 2016. “We want to be out next year. Midyear is our target. That’s what we’ve told the plants and our suppliers, but we won’t make any promises to say this is our launch date, get ready,” said Taylor. There is still a number of items and issues that Fisker has to work on before having vehicles rolling down the production line. At the moment, Fisker is busy hiring people for their headquarters and production facility. Complicating matters are number of delays and no real information as to changes for the model. Source: The Orange County Register -
Since being bought by Chinese auto parts supplier, Wanxiang Group, Fisker Automotive has been quietly ramping back up with a new headquarters in Costa Mesa, CA, and an upcoming factory in Moreno Valley, CA. But one item that has been up in the air is when production of the Karma would restart. Speaking with The Oakland County Register, Fisker's chief marketing officer Jim Taylor said the automaker will relaunch sometime in the middle of 2016. “We want to be out next year. Midyear is our target. That’s what we’ve told the plants and our suppliers, but we won’t make any promises to say this is our launch date, get ready,” said Taylor. There is still a number of items and issues that Fisker has to work on before having vehicles rolling down the production line. At the moment, Fisker is busy hiring people for their headquarters and production facility. Complicating matters are number of delays and no real information as to changes for the model. Source: The Orange County Register View full article
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California's affinity for technology, style and perceived environmental consciousness appears to have earned it some Karma. China's Wanxiang Group has announced plans to build the Fisker Karma luxury sports sedan in Moreno Valley. The 555,670 square foot Greater Los Angeles Area manufacturing facility is slated to create 150 jobs. “California's natural beauty, trend setting, technology, and environmental focus are perfectly aligned with our Karma re-launch,” said Fisker's chief marketing officer, James Taylor, adding that the company "believes in the quality, work ethic and competitiveness of manufacturing in the United States.” The plug-in hybrid Karma won accolades for styling, but financial difficulties caused the company to file for bankruptcy in November 2013, only to be purchased by Wanxiang in February 2014. The Hangzhou-based automotive parts giant also acquired battery manufacturer A123Systems in late 2012. Fisker's move comes on the heels of another Asian automaker's decision to build vehicles Stateside. Geely-owned Volvo has just announced a $500 million manufacturing facility in South Carolina, and several states are vying for Land Rover's business, a brand which has been owned by Tata Motors since 2008. Source: Autofile.ca View full article
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California's affinity for technology, style and perceived environmental consciousness appears to have earned it some Karma. China's Wanxiang Group has announced plans to build the Fisker Karma luxury sports sedan in Moreno Valley. The 555,670 square foot Greater Los Angeles Area manufacturing facility is slated to create 150 jobs. “California's natural beauty, trend setting, technology, and environmental focus are perfectly aligned with our Karma re-launch,” said Fisker's chief marketing officer, James Taylor, adding that the company "believes in the quality, work ethic and competitiveness of manufacturing in the United States.” The plug-in hybrid Karma won accolades for styling, but financial difficulties caused the company to file for bankruptcy in November 2013, only to be purchased by Wanxiang in February 2014. The Hangzhou-based automotive parts giant also acquired battery manufacturer A123Systems in late 2012. Fisker's move comes on the heels of another Asian automaker's decision to build vehicles Stateside. Geely-owned Volvo has just announced a $500 million manufacturing facility in South Carolina, and several states are vying for Land Rover's business, a brand which has been owned by Tata Motors since 2008. Source: Autofile.ca -
It has been awhile since we heard anything out of Fisker and its new owner, the Wanxiang Group. But Reuters has learned some new information about what could be in store. Two sources tell Reuters that Wanxiang is planning to drop the Fisker name and use Elux. So instead of the Fisker Karma, it could be called the Elux Karma. Speaking of the Karma, Reuters also learned that Wanxiang has pushed back the launch of the Karma to mid-2016 and will raise the price to $135,000. Sources also revealed that the Karma will not be built in Finland and that new production site hasn't been finalized. Source: Reuters
