Overall it has been a very tumultuous year for Fisker. First, its Karma model flatlines during Consumer Reports testing, then it’s blamed for a house fire and now NHTSA has launched a probe as a result of that fire incident.
We feel like the American luxury electric automaker has been in full damage control mode, especially with production of its new Atlantic model delayed. Fisker recently issued its first business update for 2012, claiming that it has generated over $100 million in revenue thanks to selling over 1,000 Karmas in the first four months of 2012.
Now, a revenue figure means nothing without knowing what it cost Fisker to operate during those four months. But the automaker does claim between the U.S. and Europe, over 1,000 Karmas have been moved since December 2011. Its biggest move earlier this month was signing an agreement with Al-Futtaim Group to sell the Karma in the Middle East.
Whether or not that is really enough to keep Fisker afloat will probably remain a mystery to us. So far the automaker has somehow managed to push forward despite all the negative press that surrounds the company. The sales of the Karma are undoubtedly surprising, but it’ll be more interesting to determine what Fisker had in net profit with that $100 million of revenue.
“We are encouraged by solid demand for the Karma, our unique extended-range luxury model,” said Tom LaSorda, CEO of Fisker Automotive. “Pending completion of investment sourcing, we are poised to press ahead with further market expansion and development of our higher volume model, the Fisker Atlantic.”