Detroit Bureau on Twitter

Posts Tagged ‘risker karma’

With DoE Loan in Jeopardy, Fisker Preps “Plan B”

Start-up maker “confident” it can survive, thrive without government help.

by on Feb.14, 2012



Henrik Fisker with one of the first Karma plug-in hybrids. will offer the first full review of the new Fisker Karma on Wednesday. Make sure to come back.

Though California battery-car start-up Fisker Automotive continues to struggle to come up with a plan that will satisfy the Department of Energy and help it regain access to a promised, low-interest $528 million loan, Fisker’s founder said he is “confident” the company can move ahead even if it means tapping into the private equity market.

Earlier this month, Fisker revealed it would idle more than 65 workers at its suburban Los Angeles headquarters and Delaware assembly plant due to delays in the negotiations with the DoE.  But the maker countered reports that said it was halting production of its first plug-in hybrid model, the Fisker Karma.


In the Know!

If anything, production is now ramping up, said the maker’s founder, Henrik Fisker, during a series of conversations that accompanied the first full media drive of the 4-seat Karma sports car. But while the Karma was designed to get Fisker  Automotive noticed, the bigger challenge will be to bring the maker’s next product, codenamed Project Nina, to market. And that is going to require significant infusions of cash, he cautioned.