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Fisker Karma  (Source: Motor Authority)

The Fisker Karma makes an appearance in California.   (Source: Ethermax)
Apparently Fisker has several new models planned...

Fox News' previous commentary about Fisker Automotive may have been a bit skewed and inaccurate (Fox show hosts tried to claim Fisker was not a U.S. firm -- blatantly wrong), but Fox's latest take of Fisker is not only much more accurate, but also caught a humorous and significant gaff.  Apparently Vice President Joe Biden accidentally revealed Fisker's entire upcoming lineup -- including unannounced vehicles that Fisker indicates it wasn't exactly planning to reveal quite yet.

VP Biden tipped Fisker's hand at the official announcement ceremony for Fisker's new Delaware plant, an old GM factory which was shut down and sold through GM's bankruptcy holding.  Speaking to reporters, Fox News notes that Biden said, "Imagine when this factory, when the floor we’re standing on right now is making 100,000 plug-in hybrid sedans, coupes and crossovers every single year."

The only problem was that the coupes and crossovers were supposed to be a surprise announcement for a later date.  However, good secrets seldom seem to be able to be kept and the Vice President unwittingly let the cat out of the bag.  Interviewed after the announcement, company founder and CEO Henrik Fisker commented, "[Laughter] He definitely told what our product plans are."

Aside from the leak, plenty more juicy details were revealed officially in the interview session following the announcements.  Fisker revealed that the first vehicles to come from the plant will be the previously announced sedan, which is dubbed Nina.  Fisker is targeting a price of
$40,000 for the vehicle after state and federal tax credits are taken into account, similar to the expected sticker for the 2011 Chevy Volt.  Production will start in 2012, and the vehicle will recycle the sporty powertrain from Fisker's flagship electric sports sedan, Karma.

Reportedly, the stylings of the Nina, named after the ship Christopher Columbus used in his triumphant return to Europe, are very attractive for a mass-market EV.  Government officials were briefed on the design and apparently were impressed, something that helped them reach the decision to grant the company a $528.7M USD DOE loan to buy and retool the shuttered plant.

Describes Mr. Fisker, "
It’s going to have a very exciting radical design.  We actually just showed it to the vice president of the United States of America and he said ‘it looks like a four-door Ferrari, I can’t believe it’s only going to be $40,000.’" 

The Karma will begin production next year at Valmet in Finland and will be imported into the U.S. and sold for approximately $80,000 after tax credits.  Then in 2016 a second generation Karma will be launched, and production will shift to the retooled Delaware plant, according to Mr. Fisker.  Mr. Fisker confirmed that the first generation Karma will get 67 mpg and travel 50 miles in all-electric mode.  He says some drivers will be able to reach 100 mpg or more, depending on how they drive.

Mr. Fisker also revealed that the Karma will feature "stealth" and "sport" modes which allow the user to manually switch on or off the gas engine for more performance, something not known to be offered in the Chevy Volt.  Even once the battery is depleted, Mr. Fisker states that the gas engine is almost equally efficient at delivering power to the electric motors as the battery system.

A prototype Karma was glimpsed at the
California's Laguna Seca raceway, running laps.  That has been the vehicle's only live appearance so far, outside of auto shows.  No journalist has yet taken the intriguing electric sports sedan out for a spin -- yet.


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RE: Interesting...
By mdogs444 on 10/30/2009 8:37:58 AM , Rating: -1
No, but it should be headquartered as a US business, and paying its corporate taxes in the US. Oh wait, this company is obviously a buddy of Biden so I'm sure they won't be paying taxes anyway....I mean, does anyone in the Obama Administration pay their taxes? Doesn't appear so.


RE: Interesting...
By randomposter on 10/30/2009 8:55:32 AM , Rating: 4
Do you have any idea how many US corporations rip off the taxpayer by diverting profits to sham entities located in offshore tax havens?


RE: Interesting...
By deeznuts on 10/30/09, Rating: -1
RE: Interesting...
By knutjb on 10/30/2009 9:49:18 PM , Rating: 2
Very true look at the rich tax in NY. They are moving out, it doesn't come any simpler than that. Lower taxes, simple tax code things become less convoluted=jobs. Yes it is that simple.

BTW What's up with the cheap shot at FOX starting off this story? FOX really had nothing to do with the content of the story.


RE: Interesting...
By Reclaimer77 on 10/30/2009 9:56:59 PM , Rating: 2
quote:
BTW What's up with the cheap shot at FOX starting off this story? FOX really had nothing to do with the content of the story.


It's Jason Mick. It's what he does...


RE: Interesting...
By knutjb on 10/30/2009 9:56:07 PM , Rating: 2
Who wrote the tax laws? Politicians, use your vote carefully. Companies only take advantage of what the politicians write. Simple tax code, low tax rates that money comes back on shore because companies know where their money is going. The end result is higher revenues. Taxes aren't simple math.


RE: Interesting...
By Brandon Hill (blog) on 10/30/2009 9:11:46 AM , Rating: 5
Fisker's headquarters is in California (IIRC). It just plans to build the Karma in Finland.

No different than Ford being headquartered in the U.S. and building in Canada, Mexico, Australia, UK, etc...


RE: Interesting...
By mdogs444 on 10/30/2009 9:29:20 AM , Rating: 2
I wasn't commenting directly on Fisker. I was merely giving my opinion based on the following statement from the poster:

quote:
A company doesn't need to have every single arm of operations in America, to be American.


RE: Interesting...
By Oregonian2 on 10/30/2009 2:03:13 PM , Rating: 3
On a more general way, it brings up the point as to exactly what makes a company that of a particular country when such things are such of a mess.

It's not unusual for a US company to be bought out by another country's company. So is it now foreign? Sometimes it's later resold back to an American-HQ company, it's it American again, even with the only change back and forth being where a handful of bigwigs are located?

Some companies are clearly of a particular country, but when seeing on products things like "Designed and Engineered in California and built in China", I'm not sure about the country the company "represents". What if the stock ownership of that company is yet in a third country? :-)


RE: Interesting...
By Lord 666 on 10/30/2009 10:53:14 AM , Rating: 2
DeLorean attempted to build their cars in Ireland... it was a complete financial disaster.

Fisker really lucked out picking up that GM plant on the ultra cheap.


RE: Interesting...
By Spuke on 10/30/2009 1:02:24 PM , Rating: 4
quote:
Fisker is targeting a price of $40,000 for the vehicle after state and federal tax credits are taken into account, similar to the expected sticker for the 2011 Chevy Volt.
Why are you comparing the price of a car that costs $40k AFTER tax credits to a car that costs $40k BEFORE tax credits?


RE: Interesting...
By acronos on 10/30/2009 3:03:32 PM , Rating: 2
Where did you get your information? The information I've seen says otherwise:

http://gm-volt.com/2009/09/14/gm-launches-online-s...


RE: Interesting...
By Spuke on 10/30/2009 4:49:14 PM , Rating: 2
quote:
Where did you get your information? The information I've seen says otherwise:
You just supported my statement. The Volt is supposed to be ~$40k BEFORE the tax credit. The Fisker Nina (or whatever) is $40k AFTER the tax credit.


RE: Interesting...
By Xavier434 on 10/30/09, Rating: -1
RE: Interesting...
By mdogs444 on 10/30/2009 9:58:56 AM , Rating: 5
quote:
If you disapprove of any politician dodging taxes legally

Daschle, Geithner, Solis, Killefer, Ron Kirk

None of these were legally. Look, I pay my taxes because I have to. I fully expect people in the government, especially ones that are in charge of the IRS, to abide by the tax laws.

I don't approve of any person or corporate being an illegal tax cheat. None of these were "legal loopholes", they just didn't report it on purpose.


RE: Interesting...
By Xavier434 on 10/30/2009 10:59:01 AM , Rating: 2
Ok, just checking. A lot of people frown more upon politicians that do it than they do individual or corporate entities that do it. ;-)


RE: Interesting...
By conquistadorst on 10/30/2009 3:26:23 PM , Rating: 2
quote:
Ok, just checking. A lot of people frown more upon politicians that do it than they do individual or corporate entities that do it. ;-)

And why would that be an unreasonable expectation? Policeman shouldn't commit crimes, Fireman shouldn't be burning your house down, doctors shouldn't make you ill, banks shouldn't steal your money, priests & teachers shouldn't be pedophiles, and lawmakers shouldn't be law breakers.

So again, explain to me why would it be such an irrational expectation for people holding positions of responsibility to be held to higher standards regarding the responsibilities they have been assigned? It's perfectly natural for there to be an uproar when people fail to fulfill duties the "public" have entrusted them with.


RE: Interesting...
By Pneumothorax on 10/30/2009 12:41:15 PM , Rating: 5
Not to mention a proletariat like me who decided to cheat on his taxes would end up spending more time than jail than a FAMOUS french/polish director who raped a 13 year old. Our politico tax cheats like Rangel/Giethner get to be appointed in nice positions of power.


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