Used Car of the Day: 2012 Fisker Karma

And now, for something a little different. You don't see used Fisker Karmas for sale too often.

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Rare Rides: A Tale of Fisker Karma (Part III)

While Part I of the Fisker Karma story introduced the car and its tech, and Part II reviewed the interesting combination of features and design mandates which accompanied the advanced tech, Part III is the one you’ve really been waiting for.

It’s all flames, floods, and failures.

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Rare Rides: A Tale of Fisker Karma (Part II)

In Part I of our Fisker Karma Rare Rides trilogy, we learned of the technology and promise lying just beneath the swooping curves of the sedan’s seriously stylish body. Today we talk economy of fuel, space, and materials.

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Rare Rides: A Tale of Fisker Karma (Part I)

To my recollection, we’ve only had one EV-type vehicle thus far in the Rare Rides series, and it was Toyota’s ill-fated and corporately sabotaged RAV4 EV. That changes today, with another plug-in vehicle that crashed and burned.

Today’s Rare Rides is the first installment in a three-part trilogy of the life and times of the Fisker Karma.

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Henrik Fisker Wants You To Know About His Doors

Henrik Fisker, chairman and CEO Fisker, Inc., surprised many earlier this month when he revealed his fledgling company plans to produce a new car bearing his name. Some critics who remembered the ill-fated Fisker Karma scoffed.

Well, the Danish businessman is attempting to close the doors on murmurings of overblown hype by showing off a different set of doors. Naturally, he did so in a befitting venue for shadowy electric car executives — Twitter.

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The Karma Revero Is Much More Than a Rehash of a Former Failure

Just a few short moments ago, I was converted.

No, not by electric drivetrains or other alternative sources of transportation fairy dust.

I was converted by the four men in charge of the Fisker Karma’s resurrection — now called the Karma Revero — into believing the company’s viability as a future going concern.

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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.

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Just What Assets Does Fisker Have to Buy?

The Fisker Karma’s battery pack and drivetrain, supplied by Quantum Technologies

The Department of Energy today is auctioning off the paper for the $192 million it loaned to Fisker Automotive as part of the Advanced Technology Vehicles Manufacturing loan program. An obvious question is why would anyone want to buy that debt? Many of the press reports about the sale say that by purchasing the debt, a buyer could ultimately gain control of Fisker’s assets including intellectual property, like the extended range hybrid drivetrain and controls thereof. While Fisker may indeed have assets with some value, I’m not sure that anyone’s going to spend at least $30 million, the minimum bid required by the DoE, to be able to duplicate the Fisker Karma’s drivetrain.

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Fisker's Dept of Energy Loan to Be Auctioned Off Today

The United States Department of Energy will today auction off Fisker Automotive’s loan from the federal government, on which the moribund hybrid car startup defaulted. Last month the department said that it would hold the auction after “exhausting any realistic possibility” that it could recoup all of the $168 million still that Fisker still owes.

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Tales From The Cooler: Instant Karma Depreciation

During all the turmoil facing hybrid automaker Fisker Automotive recently, from closing its doors to a possible resuscitation led by Bob Lutz, one thing has remained constant: the rapidly collapsing values of the Fisker Karma cars themselves.

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Fisker Taken Out Behind Capitol Hill's Woodshed

Congressional Republicans blasted current and former Fisker executives, as well as an official from the Department of Energy over missed milestones for their Department of Energy loans, which saw the company repeatedly fail to meet obligations while continuing to receive taxpayer money.

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DoE Gets Some Money Out Of Fisker

The U.S. government has managed to recover $21 million in cash from Fisker, funds that will go towards repaying the nearly $200 million its received from the government in the form of loans.

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VC Firms Expected To Take A Billion Dollar Bath On Fisker

PrivCo, a private corporate intelligence firm, has published a 20+ page dossier on Fisker’s seemingly strong ability to fundraise for itself, while failing to do a good job of actually creating cars. With Fisker teetering on the verge of bankruptcy, the results are staggering; with just under 2000 units sold, Fisker burned through an estimated $1.3 billion in venture capital, taxpayer-funded loans and private investor funds.

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Issa Wants House To Investigate Fisker Loan

California Congressman Darrell Issa wants to investigate the Department of Energy’s loans to nearly-bankrupt Fisker after the company laid off most of its employees and retained bankruptcy lawyers last week.

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Fisker: How To Light $529 Million On Fire
Fisker has laid off nearly all of its rank and file employees. Reuters reports that 160 people were out of a job as of today, while 53 senior employees will…
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  • Sayahh Story idea or car design competition: design a compact sedan, a midsize sedan, coupe and/or wagon specifically for people 6'4" through 7'2". Not an SUV nor a crossover nor a raised chassis like the US Toyota Crown or Subaru Outback.
  • Sayahh I only check map app only when absolutely necessary and only at a red light. An observation: lots of ppl leave 2 car lengths (or more) between themselves and the car ahead of theirs so that they can text or check the internet (because they are afraid they might roll forward and hit the car in front of them?) This drives me crazy because many ppl do it and 3 cars will take up almost 7 car lengths and ppl cannot get into the left turn lane when it's bordered by a cement "curb." Worse is when they aren't even using their phone and have both hands on the stewring wheel and waiting for the green light. Half a car length is enough, people. Even one car length is too much, but 3 or 4 car lengths? At 40 MPH, maybe, not at 0 MPH please.
  • 6-speed Pomodoro My phone never leaves my pocket while driving. This is fine in my daily with bluetooth and also fine in my classic car, but people get mad in a hurry that I'm ignoring them.
  • BklynPete Maverick has had recalls but overall seems reliable. Consumer Reports recommends it for whatever that's worth, buyers think they're better than sliced bread, they're sold out, and look like a long-term success.I suppose you're right that DCT can be laid at Mulally's feet too but as COO Fields was in charge of product. When he got Mulally's job, Fields brought back mgmt siloes and lost shareholder value. Maybe Fields took the fall for other's bad decisions. But ultimately as CEO the axe had to land on him. I cannot believe that Farley won't meet the same fate if 2023 warranty claims make Ford lose money again.
  • Inside Looking Out All that is BS. Nissan just tries to buy time. By 2028 every Tesla will have fusion reactor under the hood. Commercial fusion reactor is under development as we speak 5 miles away from my home in Sandia labs in Livermore.