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In addition to hopefully re-launching the Karma series hybrid, Fisker Automotive’s new owners aim to introduce a second plug-in model within the next three years. However, both Lu Guanqiu, chairman and founder of Wanxiang Group Co., which bought Fisker during a bankruptcy auction earlier this year, and Pin Ni, president of the company’s U.S. unit, […]

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Fisker’s ex-VP of global design, Alexander Klatt, has joined the College for Creative Studies as MFA Chair of Transportation Design. The College for Creative Studies (CCS) announced the appointment earlier this week. As Vice President of Global Design at Fisker Automotive, Klatt led the development team for the Karma platform, among the world’s first luxury […]

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Fisker’s saga is far from over and businessmen around the world are hovering over its Karma. We heard news not long ago that Detroit-based VL Automotive, in which ex-GM executive Bob Lutz is involved, is planning on selling V8-powered Fisker-bodied vehicles. According to news agency Reuters, VL Automotive is partnering with China’s Wanxiang Group with […]

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Some people watching Fisker Automotive have predicted the company will not survive, especially since it was revealed it has stopped Karma production and its battery supplier filed for bankruptcy in October, but assembly is reportedly due to resume. Last week, company co-founder Henrik Fisker told reporters production will begin again “fairly soon.” He gave no […]

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The Department of Energy hired an outside restructuring adviser last year to keep tabs on Fisker Automotive’s financing efforts, according to a Bloomberg report from last week. Houlihan Lokey, an advisory-focused investment bank, was retained last October at a cost of $1.35 million to provide “highly-specialized financial advisory services” for the agency. The DOE told […]

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Fisker Automotive announced yesterday a significant expansion in the Middle East & North Africa (MENA). The California-based maker of the Karma and pending Atlantic signed an exclusive agreement with the Al-Futtaim Group, one of the region’s most experienced automotive distributors, to handle sales operations in these markets. Al-Futtaim has more than 70 years of experience […]

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Fisker Automotive recently closed on $392 million in private financing which is over twice what it had set out to achieve, and it now says it hopes to see this figure top half a billion. A company spokesman was quoted by the Wall Street Journal this week as saying it first sought to raise $150 […]

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Not long ago, Fisker Automotive took a public relations hit when a Karma battery failed during a Consumer Reports test, but its battery maker A123 Systems has now accepted responsibility and will replace all affected Karma packs at a cost of about $55 million. In a press release today, Fisker said it has been working […]

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As it puts public relations setbacks behind it, Fisker Automotive is reportedly negotiating an additional $100 million in private funding and is on its way toward $1 billion in private equity raised to date. According to a U.S. regulatory filing, the California-based automaker has secured $896 million as of Feb. 10, and Bloomberg reports that […]

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Last week Fisker spokesman Roger Ormisher called to follow-up, and I asked when we’d get to see the pending 2013 Nina variants. He said “that’s a good question,” and that he’d have news soon. And sure enough, Fisker said yesterday that it will reveal its long-anticipated extended-range EV platform April 3 at the New York […]

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