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Fisker Karma  (Source: jalopnik.com)
It's waiting on troubled battery maker A123

Fisker Automotive has been waiting on its lithium-ion battery supplier in order to resume Karma production, and while there's no word yet on when that'll happen, Fisker predicts "fairly soon."

Fisker's battery maker for the plug-in Karma is A123 Systems, which filed for bankruptcy in October 2012. In December, the company was acquired by Chinese firm Wanxiang Group for about $260 million.

Fisker has been waiting on A123 to come out of this bankruptcy situation before restarting Karma production, but an exact date is unclear at this point.

Fisker has been having money issues of its own, though, and is currently looking for an investor. Some analysts say the company could be acquired.

Fisker
received $529 million in DOE loans in April 2010. The loans were part of a program to progress development of high-tech vehicles, where Fisker received $169 million for Karma plug-in engineering and $359 million for Nina production. The loans were also meant to revamp a closed General Motors plant in Wilmington, Delaware for Fisker EV production. 
 
However, Fisker fell a little behind on its production schedule, and in May 2011, DOE froze the loans due to "unmet milestones." Fisker had only drawn $193 million of it at that point.
In October 2012, the House Oversight and Government Reform Committee decided to look into the original terms of its loan to Fisker Automotive, questioning whether DOE will step in to help the electric vehicle (EV) automaker if it goes bankrupt and investors are allowed to retrieve their money.

On top of money issues, Fisker had a few recalls throughout 2012. In March, A123 said it would replace nearly 600 Karma batteries for $55 million when issues occurred. Later, in August, Fisker recalled 2,400 Karmas after a cooling fan issue led to a fire in California.

Source: The Detroit News



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RE: Fisker Karma is a horrible car.
By Fisker49 on 2/10/2013 7:59:46 PM , Rating: 2
I own both a Volt and a Karma. By far the Karma has been the most reliable of the two. 13 trips to the dealer with the Volt in 18 months(4 of those on a flat bed tow truck)compared to zero breakdowns for the Karma. Both cars have had recalls. The Karma has been flawless after the version 510 software update last May. I have 11000 miles on the Karma and have filled it up 4 times with gas for a grand total of 36 gallons. The Volt is currently in the shop and we are hoping Chevrolet buys it back. I wish the Fisker Atlantic was out because there would be one in my driveway to replace the Volt. Fisker has awesome customer service and ownership has been a very positive experience. Don't believe all of the bad press. Ask an owner.


RE: Fisker Karma is a horrible car.
By Shig on 2/11/2013 12:38:14 AM , Rating: 2
This thread is not about the Chevy Volt sir.

@Reclaimer77 - You tend to lose credibility when you insult every single person on the site and constantly post biased rhetoric.


By TakinYourPoints on 2/11/2013 2:43:44 AM , Rating: 3
He's "Italian", don't you know?

I think he expects that to be as legit an excuse to be angry and insulting to everyone with a different opinion as letting a mentally handicapped person slide for not being able to pass the sixth grade.

That's just who he is, you see. Italian. Who are you to take away his rights to be an angry and unhappy person?


"Nowadays, security guys break the Mac every single day. Every single day, they come out with a total exploit, your machine can be taken over totally. I dare anybody to do that once a month on the Windows machine." -- Bill Gates














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