Fisker Rebirth Watch: Will Karma Strike Again?

Steph Willems
by Steph Willems
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fisker rebirth watch will karma strike again

It’s been a long wait since Henrik Fisker’s brainchild floated — bloated and belly-first — to the surface of the automotive pool, but we’re told a new plug-in hybrid statusmobile is on the way. That means new jobs coming to the Detroit area for as long as Henrik can keep the money rolling.

Last week, the Michigan Economic Development Corporation pledged $450,000 in funding so that Karma Automotive LLC — formerly Fisker Automotive — can build an engineering and purchasing building in Troy. The city plans to offer additional funds to see the $3.6 million project get off the ground, where the reborn company plans to employ up to 150 people.

The luxury automaker, which changed its identity after its 2013 bankruptcy and subsequent purchase by Chinese firm Wanxiang, plans to unveil its new Karma Revero later this summer. Well, “new” means different things to different people. The Revero is expected to be an updated version of the ill-fated Fisker Karma, which saw a 2012 model year run of under 2,000 vehicles.

The Fisker saga, which would make a good stage play, saw the problem plagued, Finnish-built vehicles touted by celebs and the federal government alike. Both lost a lot of money on the deal. The U.S. Department of Energy lost about $139 million of its $528 million conditional loan after it froze Fisker’s cash flow.

Wanxiang bought Fisker’s assets at auction for $149 million.

Now that the old name’s been jettisoned and government incentives are again flowing, Karma can work on getting the Revero built at its Moreno Valley, California production facility. Tooling and equipment was sent over from the old facility in Finland. Though details on the new model are scarce, we know it will gain its electrical components from BMW.

That should keep DiCaprio from being stranded in the rain.

[Source: CBS, HybridCars] [Image: Wikimedia]

Steph Willems
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  • Redav Redav on Jun 15, 2016

    "Strike," as in strike a match, as in catch fire? Yeah, probably.

  • WildcatMatt WildcatMatt on Jun 30, 2016

    Any word on the fate of Wilmington Assembly? USA Today says it was part of the sale and now belongs to Wanxiang, but the only thing they seem to be doing with it is letting the grass grow in the parking lot.

  • Ernesto Perez There's a line in the movie Armageddon where Bruce Willis says " is this the best idea NASA came up with?". Don't quote me. I'm asking is this the best idea NY came up with? What's next? Charging pedestrians to walk in certain parts of the city? Every year the price for everything gets more expensive and most of the services we pay for gets worse. Obviously more money is not the solution. What we need are better ideas, strategies and inventions. You want to charge drivers in the city - then put tolls on the free bridges like the Brooklyn, Manhattan and Williamsburg bridges. There's always a better way or product. It's just the idiots on top think they know best.
  • Carsofchaos The bike lanes aren't even close to carrying "more than the car lanes replaced". You clearly don't drive in Midtown Manhattan on a daily like I do.
  • Carsofchaos The problem with congestion, dear friends, is not the cars per se. I drive into the city daily and the problem is this:Your average street in the area used to be 4 lanes. Now it is a bus lane, a bike lane (now you're down to two lanes), then you have delivery trucks double parking, along with the Uber and Lyft drivers also double parking. So your 4 lane avenue is now a 1.5 lane avenue. Do you now see the problem? Congestion pricing will fix none of these things....what it WILL do is fund persion plans.
  • FreedMike Many F150s I encounter are autonomously driven...and by that I mean they're driving themselves because the dips**ts at the wheel are paying attention to everything else but the road.
  • Tassos A "small car", TIM????????????This is the GLE. Have you even ever SEEN the huge thing at a dealer's??? NOT even the GLC,and Merc has TWO classes even SMALLER than the C (The A and the B, you guessed it? You must be a GENIUS!).THe E is a "MIDSIZED" crossover, NOT A SMALL ONE BY ANY STRETCH OF THE IMAGINATION, oh CLUELESS one.I AM SICK AND TIRED OF THE NONSENSE you post here every god damned day.And I BET you will never even CORRECT your NONSENSE, much less APOLOGIZE for your cluelessness and unprofessionalism.