In Other News —– Fisker’s Karma


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

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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.

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