Fisker Karma Production Waiting on Sale of A123 Systems Plant
November 30, 2012 6:10 PM
A123 Systems' battery plant in Michigan
For now, Fisker is using the batteries it currently has to replace those in Karmas with owners
Fisker Automotive is halting production of its Karma plug-in while bankrupt battery maker A123 Systems awaits a sale.
A123 Systems is the provider of lithium ion batteries for Fisker's Karma plug-in. However, after filing for bankruptcy last month, Fisker has had to wait around for someone to buy A123's Michigan-based plant so it can continue Karma assembly.
"Because we have no batteries, there's no production right now," said Tony Posawatz, Fisker CEO. "Inventory is starting to get a little low. We'd like to restart production as quickly as possible. We should know the outcome of the auction by the middle of December."
For now, Fisker is using the batteries it currently has to replace those in Karmas with owners.
A123 Systems filed for bankruptcy
in October 2012. Now, its Michigan plant is waiting to be auctioned off to bidders including Johnson Controls and China's Wanxiang Group Co. Once a buyer purchases the plant, lithium ion batteries will be produced once again.
Why doesn't Fisker just go with another battery maker? According to Posawatz, that would mean testing and evaluating alternative cells, which could take as long as a year. Fisker said it'd be fine with either Johnson Controls or Wanxiang Group Co. taking over A123 Systems.
It's been a tough year for Fisker's Karma. Aside from delivery delays, the plug-in had battery and cooling recalls as well as an unfavorable review from
. In addition, Fisker
lost 320 Karmas to Hurricane Sandy
Fisker is also trying to move forward with
, but may have to build outside of the U.S. due to the loan freeze from the Department of Energy. In May 2011,
DOE froze Fisker's loans
because delivery of the Karma plug-in was delayed and ended up falling behind schedule. DOE said Fisker did not meet the milestones previously promised, and since then, Fisker has not been able to access the DOE loans.
California-based Fisker Automotive received a total of $529 million from the U.S. Department of Energy (DOE) for clean vehicles in April 2010. The loans were part of a program to progress development of high-tech vehicles, where Fisker received $169 million for its $102,000 Karma plug-in and $359 million for the production of its Atlantic midsize sedan.
"There's no chance that the iPhone is going to get any significant market share. No chance." -- Microsoft CEO Steve Ballmer
Fisker Loses 320 Karmas to Hurricane Sandy
November 7, 2012, 11:41 PM
Official: A123 Systems Files for Bankruptcy
October 16, 2012, 4:44 PM
Fisker May Build Atlantic Hybrid Outside of U.S.; Generates $100M in 2012 Karma Sales
May 31, 2012, 8:31 PM
Fisker Loses Access to DOE Loan, Lays Off Delaware Factory Employees
February 7, 2012, 11:31 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
What Happens When You Put a Blind Man in a Driverless Car?
December 14, 2016, 5:00 AM
Most Popular Articles
Gigabit Are you looking for an Ultra Compact board?
February 22, 2017, 6:30 AM
Dell XPS 13 Touch – Rose Gold Edition
February 23, 2017, 7:29 AM
ASUS ROG Maximus IX - Among the Best of the Best
February 21, 2017, 7:50 AM
Comparison: Tag Heuer Connected Modular VS Samsung Gear S3
February 20, 2017, 7:20 AM
Xiaomi Mi Note 2 – This Chinese Phablet is the Best
February 24, 2017, 7:25 AM
Latest Blog Posts
How much Ram do you need for gaming?
Feb 27, 2017, 6:00 AM
Interesting News of the Day
Feb 25, 2017, 7:37 AM
AMD and More
Feb 24, 2017, 5:55 AM
Feb 23, 2017, 6:30 AM
Feb 21, 2017, 6:12 AM
Here is how startups are helping new parents in raising children
Feb 20, 2017, 6:45 AM
Around the World
Feb 18, 2017, 5:48 AM
News of Future
Feb 17, 2017, 6:30 AM
Amazon parachutes May Float Packages to Customers
Feb 16, 2017, 8:00 AM
Now you Can Watch Facebook on Your TV
Feb 15, 2017, 7:42 AM
Feb 14, 2017, 5:36 AM
Razer Blade Stealth – Little Kaby Lake Powerhouse
Feb 13, 2017, 7:50 AM
Android 7.0 Nougat 7.0 Update Bring Less Battery Life for Samsung Galaxy S7 & S7 Edge
Feb 12, 2017, 7:45 AM
Apple iPhone 8 – OLED Display & Wireless Charging
Feb 11, 2017, 8:09 AM
Feb 10, 2017, 6:15 AM
Feb 9, 2017, 6:00 AM
Eye catching news
Feb 8, 2017, 6:16 AM
Some World News
Feb 7, 2017, 6:15 AM
Feb 6, 2017, 10:11 AM
Feb 5, 2017, 7:27 AM
Notes and News
Feb 4, 2017, 5:53 AM
Feb 3, 2017, 5:30 AM
More Blog Posts
Copyright 2017 DailyTech LLC. -
Terms, Conditions & Privacy Information