While American electric car maker Fisker is still treading through some rough waters, owners of Karma models are now watching their vehicles’ resale value take a huge tumble.
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Former Vice Chairman of General Motors, Bob Lutz, has teamed up with Gilbert Villarreal to develop and sell the VL Productions Destino, which is essentially a Fisker Karma without the electric power.
Fisker is all but wiped from the automotive landscape, and more information about the Energy Departments loan criteria is surfacing in the wake of the failure.
The U.S. Department of Energy recovered $21 million from Fisker Automotive, the floundering company behind the Karma plug-in hybrid luxury car.
Niche luxury automaker Fisker laid off most of its workforce almost two weeks ago, but there could be updates on tap if the brand lasts into the 2014 model year.
Fisker recently announced that it was letting go of about 160 of its employees, and now those workers are firing back with a lawsuit against the company.
It sounds like American startup automaker Fisker is near extinction, as it is being reported that the company has laid off as many as 160 workers.
10. (TIE) 3-Series Hybrid, Mercedes E400 Hybrid, Infiniti M35h, Buick LaCrosse/Regal eAssist: 29 mpg
Who is to say that luxury car buyers aren’t affected by high gas prices? If you want to drive in comfort, style, and have the latest high tech goodies in a car, you shouldn’t have to pay more at the pump for it. Here are our picks for the top 10 most fuel friendly luxury cars, ranked in order of their combined city/highway mpg numbers.
Quite a few luxury cars hit the 29 mpg mark combined. The most impressive of the bunch is the Buick LaCrosse, which manage to get solid fuel economy, despite its bigger size. The Infiniti, Mercedes and BMW vehicles make do with a high-power pairing of a six-cylinder engine and an electric motor, which gives the end result of over 300-hp.
The Buicks use a mild hybrid system called eAssist which pairs a 2.4L four-cylinder engine with a conventional automatic, and a compact lithium ion battery to get its impressive fuel economy numbers.
It’s no secret Fisker Automotive is in trouble. The maker of premium electric cars is clinging to life by its fingernails. One more setback could send them plummeting into the fiery abyss of financial ruin. Still, even if they roll snake eyes the firm’s founder has more than a few thoughts on what future transportation will be like.
Earlier this year, we reported that Fisker seemed desperate seeking strategic partners in China, and now it appears that the struggling American automaker could be selling a major stake to China’s Zhejiang Geely Holding Group.
Fisker seems to be falling on hard times, and a new report suggests the brand might be on the market with Chinese firm Dongfeng Motor Corp tossing a $350 million offer into the ring.
Wanxiang Group’s purchase of A123 Systems Inc. has been approved by the U.S. government, despite concerns of sensitive technology being transferred to China.
Bankrupt battery manufacturer A123 Systems expects its sale to Chinese firm Wangxiang to be complete in a little over a week.
Fisker is falling on some rough times and it appears that the American electric automaker is getting desperate, seeking strategic partners in China as well as funding.
Production of the Fisker Karma luxury plug-in hybrid has been on hold for longer than six months, but the brand says its supply is still sufficient.
Exotic plug-in hybrid maker Fisker is suing XLGroup, its insurer, for the cost of 338 Karmas — roughly $33 million.
For the last six months, Fisker hasn’t built a single car, and the American electric automaker doesn’t plan to until the sale of battery supplier A123 goes through.
A year riddled with controversy for electric cars is winding down, but not without at least one more flare up — Chinese firm Wanxiang Group won the bidding war for A123 Systems.
Remora fish survive by attaching to sharks. Barnacle cling to boats and big rocks. Now, Fisker Automotive is planning similar tactics with a larger automaker.
After a rough year full of being in the spotlight for all the wrong reasons, Fisker is looking forward to 2013 and is hoping to turn the corner with a strategic partner.
After a controversial exit from General Motors, Joel Ewanick has found a new home as interim chief commercial officer at Fisker Automotive.
Fisker is reporting that it lost $30 million in inventory after Superstorm Sandy flooded a New Jersey port.
