Fisker Sells 300 Karmas - To The Insurance Company

Bertel Schmitt
by Bertel Schmitt

More than 300 Karma plug-in hybrids fell victim to super storm Sandy, Fisker spokesman Roger Ormisher told Reuters. The cars sat in a storage lot in Port Newark, New Jersey, which was inundated by Sandy. Among the lost Karmas are 16 that went up in flames. One car caught fire when seawater caused a short circuit. Winds spread the fire to 15 other cars.

The cars were insured, and Fisker expects “no impact from a business or a financial point of view,” Ormisher said.

More than 10,000 vehicles were damaged during the storm at Port Newark. Toyota lost 4,500 cars at the port.

Bertel Schmitt
Bertel Schmitt

Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.

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