Fisker Reports $30 M Loss in N.J. Port From Sandy

Fisker Reports $30 M Loss in N.J. Port From Sandy

Fisker is reporting that it lost $30 million in inventory after Superstorm Sandy flooded a New Jersey port.

Each Fisker Karma starts at around $100,000, meaning the company’s inventory lost 300 cars. Earlier in the year, the brand reported selling $100 million, or 1,000 units which gives some insight into how deep the storm likely cut into the company’s stockpile.

While this might seem like a major setback for what seems to be an already-struggling company, Fisker told Reuters that it expects “no impact from a business or a financial point of view,” because the cars were all insured.

In total, more than 10,000 vehicles at Port Newark suffered some sort of damage during the course of the storm according to Fisker spokesman Roger Ormisher.

The 300 cars totalled in the storm were headed for U.S. dealerships and included the 16 cars that caught fire during the storm.

[Source: Automotive News]


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