Wanxiang
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Ten years ago, lithium-ion cell maker A123 Systems was a hot startup and a much-publicized company. This author, in fact, profiled the company for IEEE Spectrum in the technology magazine's September 2007 issue. The six years that followed proved enormously painful for the Massachusetts company, however. DON'T MISS: A123 Systems To Recall Electric-Car Battery Packs For Fisker, Others (Mar 2012) A high point was the announcement that A123 was one of two finalists in the "bakeoff" competition held by General Motors to select a battery supplier for its upcoming 2011 Chevrolet Volt. While A123...
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Fisker Karma to be Karma Revero, orders to open later this year
The Fisker Karma will be known as the Karma Revero when it returns later this year.
Stephen Edelstein -
2017 Karma: same range, new battery, display updates, low production
The 2017 Karma will relaunch with limited changes, insiders say.
Stephen Edelstein -
Fisker Karma Plant In Southern California: More Details Emerge
Fisker has signed a lease for a new plant in Moreno Valley, California.
Stephen Edelstein -
Fisker To Open California Plant, No Date Yet For Electric Car Production To Resume: UPDATE
Fisker says it will open a plant near its California headquarters.
Stephen Edelstein -
The New Fisker Is Live: Original Karma Owners Get Most Support
A new Fisker website offers parts support for current owners.
Stephen Edelstein -
The planned relaunch of the Fisker Karma range-extended electric luxury sedan isn't likely to happen until at least the middle of next year. And when it does happen, new owner Wanxiang will probably sell the car under a new brand name: Elux. But we may learn more detail about the phoenix-like resurrection of the sleek, stunning, plug-in four-door as early as this month. DON'T MISS: Fisker To Be Renamed Elux, New Karma Not On Sale Before Next Year That's the implication, at least, that's conveyed by the splash screen (and sole page) on The New Fisker, a site set up last year to provide details...
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Fisker To Be Renamed Elux, New Karma Not On Sale Before Next Year
Chinese maker Wanxiang, which bought the defunct Fisker Automotive out of bankruptcy, will rename the carmaker Elux, according to a Reuters report this morning. The company has also pushed back the planned relaunch of the Karma range-extended electric sport sedan until at least the middle of next...
John Voelcker -
Relaunched Fisker Karma To Use Quantum Software (Again)
Fisker will license Quantum control software for the relaunched Karma, with an option for the planned Atlantic.
Stephen Edelstein -
Fisker Karma Will Be Relaunched With 2012 Design, Updates
The future of the Fisker Karma range-extended luxury electric sedan has been in the hands of new owner Wanxiang America for many months, with little known about its relaunch plans or timing. Now, however, a Reuters article says that the company plans to relaunch the existing vehicle--last sold as...
John Voelcker -
Fisker Karma Owners Can Soon Buy Spare Parts, Wanxiang Says
Owners of the 2012 Fisker Karma range-extended electric luxury car got some good news last week: The company that now owns the carmaker has promised that supplies of spare parts will soon become available. Fisker stopped producing its striking sedan in July 2012 after it had built roughly 3,000 of...
John Voelcker -
Fisker Karma Finnish Production To Resume Following Fixes, New Model Later
The new owners of the Fisker luxury car brand will resume production of the Karma range-extended electric sedan initially at a contractor's factory in Finland--but not until the company has fixed "about 250 bugs" in the vehicle. The news came as executives of Wanxiang, China's largest auto parts...
John Voelcker -
Throwing money at a problem won't necessarily make it go away, but it might put you in a position to do something about it. That's essentially the method Fisker's new Chinese owners Wanxiang Group is taking to revive the once-bankrupt electric automaker--and the stakes are high. "I’ll burn as much cash as it takes to succeed," Wanxiang chairman and founder Lu Guanqiu told Bloomberg, "or until Wanxiang goes bust.” He said the company will invest "every cent Wanxiang earns" into making electric vehicles, with plans to move Fisker beyond the U.S. market and into China itself--not...
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New Fiskers In 2015? What Company Must Decide First
The embers of life still glow at Fisker Automotive, as the company readies plans to put its Karma back on the road by the middle of next year. With a new owner and new company president, hope has been renewed that the striking Karma and its stillborn stablemates would return, but Fisker still needs...
Antony Ingram -
Owners Of 'New Fisker' Offer Selective Electric-Car History
Ten days ago, a website appeared from Wanxiang America, the new owners of Fisker Automotive, under the title of "The New Fisker." The site included a comprehensive timeline of the formerly bankrupt company's past, warts and all: from the lawsuit by Tesla Motors against Fisker through the May 2011...
John Voelcker -
'New Fisker' Website Launches As Wanxiang Prepares To Restart Electric-Car Maker
Fisker Automotive is slowly returning. A new website isn't the be-all and end-all of a company back on the right track, but the new site is the first sign of stirring life within the company under its new owner, Wanxiang America, the U.S. arm of China's largest auto-parts firm. It's also slick...
Antony Ingram -
Timeline For New Fisker Karmas: 'Within A Year'...Hopefully
The assets of the bankrupt Fisker Automotive are now in the process of being transferred to winning bidder Wanxiang America, but already the new owners have started to discuss their plans for the automaker. The latest news nugget is that Wanxiang hopes to restart production of the Karma...
John Voelcker -
New Fiskers Will Have V-8s OR Batteries, Wanxiang Says
If lithium-ion batteries are "the heart of Fisker," according to new owner Wanxiang, then what does it say is "the soul of Fisker"? That would be the VL Destino, a version of the Fisker Karma range-extended electric luxury sedan with no batteries, electric motors, or plugs at all. MORE: Who's Still...
John Voelcker -
If all goes according to schedule, U.S. Bankruptcy Court Kevin Gross will rule today on whether the assets from bankrupt Fisker Automotive will be sold to Wanxiang, China's largest auto-parts maker. That company submitted the winning bid of $149 million for the remains of Fisker in an auction that ended Friday evening, after 19 rounds of bidding over more than two days. If Judge Gross rules today that the sale is final, the question becomes: What does Wanxiang intend to do next? MORE: Who's Still Buying Brand-New Fisker Karmas, And Why? Wanxiang also owns A123 Systems, the lithium-ion cell...
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Fisker Assets Sold For $149 Million To Wanxiang, Chinese Parts Maker
The assets of bankrupt Fisker Automotive were sold to Wanxiang America at the close of an auction in Delaware bankruptcy court that lasted more than two days and lasted 19 rounds. Bloomberg reports that the Chinese company paid a total of $149.2 million for the company, or six times the price of...
John Voelcker