Fisker Karma
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Fisker lays off employees, renegotiates with DOE
Fisker lays off employees, renegotiates with DOE
This isn't good. The Associated Press is reporting that Fisker Automotive has stopped production of the Fisker Karma (UPDATE: Not true, says Fisker PR: "We are currently producing 20-25 Karmas a day and will continue to do so.") and laid off 26 Delaware employees and 40 contractors in California. The carmaker is reportedly looking to conserve cash while attempting to renegotiate loans granted by the Department of Energy. (UPDATE: We have gotten a statement from Fisker about the situation, which you can read after the jump. The Karma is not mentioned, just work on the Delaware plant, which is supposed to build the Nina one day.
Fisker originally signed on for a $529 million loan, of which only $193 million has been received. Fisker reportedly cannot get at the remaining funds, which are earmarked for the delayed Nina project, because the automaker failed to meet Karma sales targets that were a condition of the loan. A few days ago, Fisker lowered its sales expectations for the $100,000 Karma to a still very lofty 10,000 units in 2012.
Fisker spokesman Roger Ormisher told the AP that the automaker is hoping for a speedy resolution to its cash crunch. We hope so too, or Fisker could be in a heap of trouble.
http://www.autoblog.com/2012/02/07/f...renegotiating/
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#10
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I saw two at the monthly meet here with representatives I assume. They do look like nothing else on the road and they had the hood open and WHAM Chevy 4 cylinder engine. Interiors were very different with fabrics etc. Its funny to see these put together compared to a mass produced car.
I just think for the price its nuts. Sad but I don't think Fisker will make it.
I just think for the price its nuts. Sad but I don't think Fisker will make it.
#12