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Posts Tagged ‘fisker plug-in hybrid’

Fisker Facing Investor Lawsuit

Could complicate bid to raise cash.

by on Feb.21, 2012

Fisker founder Henrik Fisker with the Karma.

With the fate of its $528 million Department of Energy loan in limbo, Fisker Automotive has been rushing to sign up new investors, reportedly already lining up $260 million during recent months. But the California start-up could be facing new problems in the form of a lawsuit by an investor accusing it of bait-and-switch tactics.

Though it’s unlikely the suit itself could bring a major new financial burden on Fisker, several observers cautioned it could create another management diversion and throw up a red flag that might scare off other potential investors.

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The timing, meanwhile, couldn’t be worse.  Fisker is finally getting to market with the much-delayed Karma plug-in hybrid sports car, but it needs additional funding to ensure that the company’s more mainstream second project, codenamed Project Nina, gets into production in 2013 – also about a year behind schedule.


Fisker Taking Its Plug-In Hybrids to China

Charged up over world’s largest car market.

by on Dec.15, 2010

Henrik Fisker with his plug-in hybrid, the $87,900 Karma, which is now going to debut in China.

Fisker Automotive has partnered with the China Grand Automotive Group, the number one passenger car trader in China, to have its vehicles distributed, marketed and serviced in the region.

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The maker’s interest in the world’s fastest-growing national automotive market comes as Chinese government leaders put pressure on the industry to adopt clean electric propulsion.  Fisker is planning to build a series of plug-in hybrids, starting with a high-performance sports car and then a family sedan.

Henrik Fisker CEO of the eponymous Fisker Automotive, said the rapid growth of Chinese auto sales, particularly within the luxury segment, combined with the country’s efforts to minimize carbon emissions, makes China an excellent market for, “a company that believes environmentally conscious cars can deliver passion, style and performance.”