Fisker Raises $100M in Funding, Consumer Reports Flunks Karma Hybrid
October 1, 2012 9:06 AM
Fisker fails to raise the $150 million it hoped for
Automaker Fisker has been under fire with its Karma hybrid literally
in some instances. Fisker also saw its Karma get strapped with a
disappointing EPA MPG rating
thanks in part to the high curb weight of the vehicle.
purchased a Karma to add to its test fleet, which was the most expensive car the review magazine has ever purchased.
spent over $100,000 on its Karma and the vehicle was unable to complete the check in process before breaking down and having to be towed back to the dealer. After finally getting their expensive extended range electric vehicle back,
put the vehicle through its full battery of tests and ultimately the car failed miserably.
In fact, the publication says that the Karma ranks as its lowest-rated luxury sedan of all time. Only three vehicles ever reviewed by
scored lower. If you're wondering, those vehicles include the Chrysler 200, Dodge Avenger, and Nissan Versa SV.
Even after Fisker replaced the battery pack under warranty on the Karma, the vehicle continued to have frequent issues with the instruments, windows, and the radio system. The Karma also had recurring warning lights requiring multiple trips back to the dealer.
does point out that the numerous issues with the vehicle did not affect the overall rating. According to the publication, compromises in the cars basic design and execution are what ultimately led to the failing grade.
noted that the vehicle has limited visibility, a cramped interior, awkward access in and out of the seats, and that the dashboard controls are poorly designed.
Other issues cited for the low score include a noisy engine, long battery recharge times, and a tiny back seat and trunk.
did note that the vehicle had high-quality interior materials, but ultimately the car doesn't appear worth the money.
While the Karma was busy failing a
test, Fisker was seeking additional funding to continue development of the car with the second-generation drivetrain. Fisker was trying to raise $150 million and fell short of that amount, raising only $100 million. So far, the company has raised $1.2 billion from private investors since 2007. The $100 million Fisker raised will be used to develop a second-generation powertrain and to expand sales into China and the Middle East. The money will also be used to pay for a new global marketing campaign focusing heavily on social media.
Previously, Fisker was granted a loan from the U.S. Department of Energy, which was subsequently frozen after a one-year delay in launching the Karma.
"I mean, if you wanna break down someone's door, why don't you start with AT&T, for God sakes? They make your amazing phone unusable as a phone!" -- Jon Stewart on Apple and the iPhone
Faulty Cooling Fan to Blame for Latest Fisker Karma Fire, Recall Initiated
August 18, 2012, 6:39 PM
Abysmal EPA MPG Rating for Fisker Karma Blamed on SUV-like Curb Weight
October 25, 2011, 1:15 PM
Tesla will announce electric lorry in September
April 19, 2017, 6:20 AM
Dubai announces passenger drone plans.
February 14, 2017, 7:56 AM
Lucky LA Residence
January 28, 2017, 4:00 AM
Debuted at CES 2017 - Corning Gorilla Glass Concept Car
January 7, 2017, 3:02 AM
Happy, healthy and feastive New Year to you and everyone in the world that about to celebrate the Season Holidays
January 1, 2017, 12:01 AM
In 2017, Here are the New Autos of 2018
December 30, 2016, 5:00 AM
Most Popular Articles
Surface Pro 5 Rumors - New Release Date and Price
April 22, 2017, 6:45 AM
Apple Watch NikeLab Limited Edition unveiled.
April 22, 2017, 6:20 AM
Motorola Moto G5 Pus – Well Worth Considering Over the Others
April 25, 2017, 7:06 AM
SAPPHIRE PULSE Radeon RX 580 8GD5 – Great Value for the Money
April 20, 2017, 7:47 AM
Meet the Smartphone with four cameras - Alcatel Flashphone
April 5, 2017, 11:20 AM
Latest Blog Posts
Galaxy Note 8 – Available Second Half 2017
Apr 28, 2017, 7:30 AM
Google Android App – Huge improvement on Nighttime Photography
Apr 27, 2017, 7:40 AM
Google Co-Founder, Sergey Brin has an Airship
Apr 26, 2017, 6:43 AM
Samsung Galaxy S8 and S8 Plus – Lots of Glass that Breaks Easily
Apr 25, 2017, 7:20 AM
Samsung Galaxy S8 – Warning for Pet Owners
Apr 24, 2017, 5:59 AM
Sound Bars and the Costs?
Apr 23, 2017, 6:30 AM
Link your Brain to Your Computer – In Four Years…Maybe
Apr 22, 2017, 7:03 AM
Google Home can now identify users by their voice.
Apr 21, 2017, 7:15 AM
Amazon Lex – Now Available for Developers.
Apr 20, 2017, 6:58 AM
You can now use Instagram offline on your Android Smartphone
Apr 19, 2017, 8:00 AM
Now you can livestream to YouTube from your mobile device.
Apr 18, 2017, 8:05 AM
Google Home – Is It a Spy Device?
Apr 17, 2017, 7:30 AM
Apple added to self –driving test permit list
Apr 15, 2017, 6:21 AM
Project Scorpio – Coming on June 11
Apr 14, 2017, 6:20 AM
Looks Like Samsung Has Been Forgiven.
Apr 13, 2017, 6:50 AM
United Airlines - Blasted on China’s Social Network and the Stock Market
Apr 12, 2017, 6:50 AM
Amazon's Third-Party Sellers Hacked
Apr 11, 2017, 6:25 AM
Microsoft Surface Pro5 Details Revealed
Apr 9, 2017, 6:41 AM
Own An Android Phone? Then you could be hacked over Wi-FI
Apr 7, 2017, 6:47 AM
Apple confirms iOS 10.3 bug and its effect on iCloud Services
Apr 6, 2017, 6:30 AM
Apple Rolls Out New Version of Apple Music
Apr 5, 2017, 10:35 AM
Apple in the News
Apr 4, 2017, 9:03 AM
More Blog Posts
Copyright 2017 DailyTech LLC. -
Terms, Conditions & Privacy Information