Why is Fisker Automotive on the brink of collapse? (reportedly) The news is full of stories today saying that Fisker Automotive is unable to pay its bills, has laid off 75% of its workforce, is being sued by the landlord and the webmaster for lack of payment, that the negotiations…
Last week 16 Fisker Karma’s caught fire and burned after being submerged under Hurricane Sandy flood waters while waiting in an automobile processing yard in Newark NJ, and the main battery pack was ruled out as the cause of the fire. Last week in the middle the Hurricane Sandy turmoil,…
The Fisker Karma has had a fiery year with a couple car fires, and now in the wake of Hurricane Sandy 16 Karma’s in a holding area in Port Newark NJ caught fire and burned. Hurricane Sandy has been wreaking havoc in New Jersey, New York and elsewhere, as the…
To hear some pundits say it, Fisker Automotive is in death throes because the Dept of Energy froze the loans, and the company laid off some workers, instead the company’s inaugural business update paints the picture of a company successfully selling the Karma and raising investment dollars to launch production…
Last week Consumer Reports posted a brief report that the Fisker Karma, a plug-in hybrid luxury sedan, that CR had bought for testing had died, and was towed back to the dealer for servicing. This prompted a flurry of coverage, some of it over-hyped negativity, and I posted a piece…
This weeks news that a Fisker Karma, purchased by Consumer Reports for testing, broke down, piling yet another piece of bad-looking news on the back of Fisker Automotive. Fisker Automotive is learning it’s painful when your Karma breaks down. That’s the lesson this week after Consumer Reports went public with…
Yesterday news broke that Fisker Automotive reportedly lays off workers in wake of missing DoE loan milestones, namely that the Department of Energy has frozen the loan program for Fisker Automotive because Fisker has failed to meet the business development required milestones. Because of the frozen loan program, Fisker laid…
