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Now Chinese-Owned, Fisker Announces its U.S. Return

Plug-in maker will set up small assembly plant in California.

by on Jun.17, 2015

The Fisker Karma boasted a striking design, and that design is about to be seen again as production ramps up in California.

After crashing and burning in a multi-billion-dollar failure, Fisker Automotive is back. More precisely, the now Chinese-owned Fisker Automotive and Technology Group is about to re-launch production of the plug-in hybrid known as the Karma at a new facility in Southern California.

Also known as FATG, the company expects to employ about 150 people at the plant it is setting up in Moreno Valley, not far from its U.S. corporate offices in Costa Mesa.

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“FATG believes in the quality, work ethic and competitiveness of manufacturing in the United States,” said James Taylor, Chief Marketing Officer of FATG. “California’s natural beauty, trend setting, technology and environmental focus are perfectly aligned with our Karma re-launch.” (more…)

Fisker Karma Set for Revival

But will be renamed Elux Karma.

by on Apr.06, 2015

A new version of the Fisker Karma - now renamed Elux Karma - is set to debut this month.

After a spectacular, billion-dollar meltdown, Fisker Automotive is set for a revival – more or less.

The once-promising California start-up crashed and burned and was purchased out of bankruptcy by China’s Wanxiang Group which hoped to relaunch the plug-in hybrid Fisker Karma. The Chinese company is teasing the turnaround of what will now be known as the Elux Karma.

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Proclaiming “It’s On,” Wanxiang is promising to show off its version of the Karma sometime later this month — possibly at the upcoming Shanghai Motor Show. Other details are scarce, though a report by the China Daily suggests the reborn plug-in sports car will make it back into showrooms in mid-2016 at a price tag of around $135,000.

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Henrik Fisker Reveals New Thunderbolt GT Coupe Concept

“Personal interpretation” of an Aston Martin V12 Vanquish.

by on Mar.16, 2015

Henrik Fisker is back from his ill-fated attempt to produce electric vehicles with his Thunderbolt GT Coupe concept.

Danish designer Henrik Fisker has emerged from the shadows after his ill-fated attempt to launch a plug-in hybrid sports car company. And he offered up two visions of is future over the weekend during an appearance at the annual Amelia Island Concours d’Elegance.

That included the production version of the Fisker Rocket, a customized, 725-horsepower version of the all-new 2015 Ford Mustang, as well as the Fisker Thunderbolt concept. The latter design is being billed as a “personal interpretation” of the Aston Martin V12 Vanquish.

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“I wanted to create an elegant beautiful GT sports coupe, with pure emotional sculpture, that would stay timeless,” said Fisker. (more…)

First Production Fisker Rocket Mustang Set for Delivery

725-hp, limited-production model will debut at Amelia Island Concours.

by on Mar.13, 2015

The supercharged version of the Fisker Rocket will deliver nearly 300-hp more than the Mustang GT.

Four months after pulling the wraps off his automotive reincarnation, Danish designer Henrik Fisker is set to deliver the first of his 725-horsepower Rocket Mustangs.

The result of joint venture with California mega-dealer Galpin Motors, the first production version of the Fisker Rocket will make a brief appearance at this weekend’s Amelia Island Concours d’Elegance before being delivered to its new owner.

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Word has it that Fisker may also reveal another big project at the weekend classic car show, something he telegraphed during an interview with TheDetroitBureau.com last November at the L.A. Auto Show where the Rocket made its premier.

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Fisker Rockets Back with 725-HP Mustang

Limited sales set to begin in early 2015.

by on Nov.21, 2014

A project "born out of passion," says Fisker.

Henrik Fisker, perhaps best known for his abortive effort to launch the plug-in hybrid Fisker Karma sports car, is back in the limelight, but turning his talents towards a very different direction. The Fisker Rocket revealed at the Los Angeles Motor Show is all about performance, the Danish-born designer dubbing the modified Mustang “the ultimate American muscle car.”

The Rocket is a 725-hp rework of the all-new pony car Ford Motor Co. Fisker and partner Galpin Auto Sports have not only upgraded the performance of the 2015 Mustang but made a number of exterior modifications that give it both a more sinister and exotic appearance.

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“My jaw dropped. I got chills” when first shown the sketches former Aston Martin chief designer Fisker had in mind, said Beau Boeckmann, president of both Galpin Auto Sports and Galpin Motors, the world’s largest Ford dealer. For his part, Fisker explained that the Rocket is “really a program born out of passion.”

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Fisker’s Back! Makes Return at L.A. Auto Show

Galpin Auto Sports teams with Danish designer for new muscle car.

by on Oct.23, 2014

Fisker founder Henrik Fisker is debuting a new muscle car at the L.A. Auto Show next month.

Less than two years after stepping down from his namesake company, Henrik Fisker is stepping back onto the automotive stage by joining forces with a California-based mega-dealer to produce the “Ultimate American Muscle Car.”

Danish designer Fisker is teaming with Galpin Motors in a pair of back-to-back vehicle debuts at the L.A. Auto Show next month, but aside from rumors about a new muscle car, details of what’s coming aren’t readily available.

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The preliminary schedule for the show reveals that Fisker has consecutive press conferences for “vehicle debuts,” but lists Galpin Motors and Galpin Auto Sports as the co-presenter for the slots. (more…)

Karma Making a Comeback

Fisker’s stunning plug-in hybrid may return in 2015.

by on Apr.23, 2014

The Karma plug-in hybrid is taking a second run in the U.S. starting sometime in 2015.

Karma is back! The Fisker Karma, that is.

Fisker Automotive’s electric vehicle boasted cutting edge design, but couldn’t overcome production and quality issues that sucked up millions of dollars and led to its demise. Enter Chinese auto supplier Wanxiang, which bought the company out of bankruptcy a few months ago and is looking to resurrect the plug-in hybrid similar to the Chevy Volt by the middle of next year.

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According to Fisker’s interim president, Tim Brown, the Karma will back next year with two siblings not far behind: the Surf, a $100,000 station wagon-like version of the Karma and the Atlantic, a smaller sedan that was originally stated to be the follow up to the Karma at about $50,000. (more…)

Sale of Delaware Plant Brings an End to Fisker Saga

Wanxiang affiliate buys former GM facility for $18 million.

by on Mar.25, 2014

Fisker initially attracted the attention of a number of high-profile buyers, including actor Leonardo DiCaprio.

The final chapter on Fisker Automotive closed last week when the sale of the Delaware plant the defunct electric vehicle maker bought to make its second-generation vehicle was sold for $18 million.

The plant was sold for the same amount it was purchase by WX Delaware Real Estate Holding Co., which is a subsidiary of Wanxiang America, Inc., according to USA Today.

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Wanxiang America, a unit of China’s largest auto parts supplier, won an auction for Fisker in bankruptcy court last month for $149.2 million. It outbid another Chinese company, Hybrid Tech Holdings L.L.C., for the assets. Hybrid bought the Fisker’s loan from the U.S. Department of Energy, hoping to leverage that ownership into getting the entire company. (more…)

China’s Wanxiang Wangles Control of Bankrupt Fisker

Wins auction with bid of nearly $150 million.

by on Feb.17, 2014

Fisker initially attracted the attention of a number of high-profile buyers, including actor Leonardo DiCaprio.

Bankrupt battery-carmaker Fisker Automotive could get a new lease on live.  After an unexpected, last-minute surge in bidding, China’s Wanxiang Group won an auction for the remaining assets of the California-based maker for $149.2 million.

That was nearly six times as much as it originally appeared the once-promising Fisker might go for.  The company originally expected its assets to go to Japan’s Hybrid Tech Holdings for a much more modest $25 million after filing for bankruptcy last November.  Creditors had objected to what they saw as a sweetheart deal and U.S. Bankruptcy Judge Kevin Gross agreed to let other interested parties bid for Fisker’s remains.

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“This is a great result for all Fisker stakeholders,” Marc Beilinson, the carmaker’s chief restructuring officer, said in a statement issued after the announcement – which is expected to be finalized by the Delaware-based bankruptcy court tomorrow.

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Henrik Fisker Hopes to Buy His Battery-Car Company Back

Fisker Automotive founder reportedly teaming up with Hong Kong tycoon.

by on May.28, 2013

Fisker Automotive founder Henrik Fisker with the $103,000 Fisker Karma during better times.

Forced out earlier this year after a disagreement over management policies, Fisker Automotive founder Henrik Fisker is hoping to regain control of the struggling maker of plug-in hybrid vehicles which is expected to file bankruptcy unless it can quickly find a White Knight to cover its mounting debts.

Henrik Fisker, who first made his name as an automotive designer, is reportedly teaming up with Hong Kong billionaire Richard Li – an early investor in Fisker Automotive. While Fisker was not immediately available to comment, reports on the Reuters news service indicate they would like to take over the automaker without forcing it into bankruptcy.

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They would be one of several groups company insiders say are interested in taking over Fisker Automotive which launched sales of its Karma plug-in hybrid vehicle early last year. Among the others, former General Motors “car czar” Bob Lutz has teamed up with a Chinese automotive supplier to place a $20 million bid for Fisker post-bankruptcy.

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