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Karma Automotive owner Wanxiang Group has asked for Chinese government approval to build a plant manufacturing plug-in electrified vehicles (PEVs). Wanxiang plans to build an electric car plant in Hangzhou, China, the city where the automotive components manufacturing company is headquartered. According to Bloomberg, the company filed an application for an environmental impact review, which […]

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The Chinese auto parts conglomerate with an eye on revitalizing failed Fisker Automotive continues to make strides. For starters, names and underpinnings have changed, along with production locations, and significantly improved quality is being promised for the luxury performance plug-in hybrid that could go on sale this year. According to the Wall Street Journal, the […]

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We posted a piece yesterday discussing Michigan-based battery maker A123 making some necessary steps after emerging from bankruptcy, and today have some news relating to A123, albeit more indirectly. Green Car Reports got hold of an email sent to people who had bought the initial batch of 2012 Fisker Karma models by a representative from […]

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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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