In Other News —– Fisker’s Karma

image

Fisker idles Karma production while waiting for A123 auction

Fisker has faced a series of setbacks this year, including a recall of batteries made by A123 and the U.S. Department of Energy’s decision to block Fisker from accessing a portion of its $529 million loan.  Fisker suspended work in February at the Wilmington, Delaware, factory.

A123, which is the sole battery supplier for the Karma, slowed production after filing for Chapter 11 bankruptcy protection in October, Fisker spokesman Roger Ormisher said.

“Slowed” is one way of putting it. 

Chief Executive Officer Tony Posawatz said yesterday “Because we have no batteries, there’s no production right now.

Now, neither one of the anticipated cars will be produced!

Read more here

This entry was posted in Economics, Energy. Bookmark the permalink.

3 Responses to In Other News —– Fisker’s Karma

  1. philjourdan says:

    Another Obama investment gone sour.

  2. tckev says:

    A project that was a useful as a chocolate rocking horse excrement.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s