Fisker founder resigns over ‘major disagreements’ with management

Fisker founder resigns over 'major disagreements' with management

Fisker Automotive founder Henrik Fisker has resigned from his post as the firm’s executive chairman. An email said to be sent by Henrik cites several unspecified “major disagreements” with the company’s executive management on business strategy as the primary reason for abandoning ship. Reports suggest the decision was sparked by the firm’s purported consideration of selling a majority stake to China’s Geely Automobile, which would put much-needed cash in its coffers. For its part, the company says that it’s strategy hasn’t changed, and that it doesn’t expect its namesake’s departure to have an impact.

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Via: Forbes, Reuters

Source: Fisker Automotive

Fisker Twitter account hacked by diet aficionados

It’s happened again, folks. Another verified Twitter account was hacked this week, the latest victim being automobile manufacturer Fisker, who’s Twitter account was hacked by what seems to be a group of diet and exercise fiends, or just a couple of hackers wanting to post some spam. Either way, this marks the fourth time that a verified Twitter account has been hacked this week alone.

Screen Shot 2013-02-20 at 3.43.04 PM

Previously, Top Gear star Jeremy Clarkson was hacked on Monday by what appears to be the same hackers as today. Burger King and Jeep were also hacked earlier this week, making today’s Fisker hack the third automotive-related Twitter hack this week. We’re not sure what exactly is going on, but there’s a Twitter hacking spree going around, that’s for sure.

Fisker’s Twitter page has been brought back to normal, with the company addressing the hack, saying that “the fans and followers of Fiskerauto don’t need to lose weight” in a recent tweet. Today’s hack doesn’t appear to be linked to Burger King’s or Jeep’s hack, though, which saw both Twitter pages with changes to the branding.

Twitter has addressed its hacking problem in the past, and they’ve been sending out friendly reminders to its users to change their password every once in a while to avoid being hacked. However, there’s only so much they can do really. Sure, they could hire a work force of security engineers, but it seems hackers will always figure out a way in.

[via Jalopnik]


Fisker Twitter account hacked by diet aficionados is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

My EV Road Trip: Classic Chicago Rally Recreated with Electric and Hybrid Vehicles

While you may or may not be a fan of electric vehicles and hybrids, you can be assured that more and more of these high-tech vehicles will start to hit the streets in the coming years. Between the crazy price of gasoline and emissions concerns, electric cars are definitely in our future.

In order to help show how the future is actually now, organizers in Chicago put on a recreation of America’s first motor vehicle race, using today’s high-efficiency electric, hybrid and long-range diesel vehicles. I actually had a chance to participate in the rally, which retraced the route of 1895′s Chicago Times-Herald motor race.

chicago ev rally 1

The intent of this rally wasn’t to speed through the streets of Chicago and its closest northern suburb, Evanston, but to show that these modern vehicles are actually ready for prime-time. The 1895 race was orchestrated to show the viability of self-propelled vehicles over horse-drawn ones, while this event was designed to show that EVs and hybrids are more practical for today’s lifestyles than gas-powered cars. Chicago commuters travel an average of 22 miles a day, so the 50 mile route was designed to prove that these vehicles could handle more than twice the typical usage – and in frigid February temperatures.

The rally included all of the following vehicles:

  • Chevrolet Volt
  • Fisker Karma
  • Ford C-max Energie
  • Hyundai Sonata Hybrid
  • Nissan Leaf
  • Tesla Model S
  • Tesla Roadster
  • Toyota Prius
  • Toyota Prius C
  • Toyota Prius PHEV
  • Volkswagen Passat TDI (diesel)
  • VIA Motors EREV Silverado
  • Smith Electric Delivery Vehicle

In my capacity as a driver, I had an opportunity to drive in three different cars – the Tesla Model S Performance, the Fisker Karma and the Chevrolet Volt. All three of these vehicles use electricity in varying capacities, and as you’d expect, they all had different pros and cons. While the rally didn’t provide me with enough experience to provide an in-depth review of each car, the opportunity to drive these EVs was extremely eye-opening for me – a guy who normally drives a gas-guzzling 5.0 liter V-8 Mustang.

tesla model s

The Tesla Model S Performance was by far my favorite of the bunch, outfitted with all of the bells and whistles a tech geek and gearhead like myself would want. It’s got a huge LCD touchscreen built into the dashboard, offering up internet connectivity, maps, radio and climate controls as well as real-time and historical energy graphs.

tesla model s 3

Of the three cars I drove, the Model S Performance sedan is the only pure-electric, which certainly provides its challenges. You’ll absolutely need to get a Level 2 charging connector installed at your house, and will want to make sure that you work and live in proximity to charging stations. You can always juice up from a regular 110V outlet, but it could take many hours to give you even a few miles of charge. On a proper Level 2, 240V outlet, you can juice up the Model S Performance in about 10 hours. So it’s totally practical to recharge it at night while you sleep.

tesla model s 2

The Model S Performance has a massive 85kwh battery capacity, and depending on driving style, climate and accessory usage, it can give you nearly 300 miles on a fully-charged battery pack. Never mind the fact that it’s a BEAST in terms of torque and speed. This thing can go from 0-to-60 in just 4.4 seconds – all without making so much as a sound. The only odd thing that I experienced was that its regenerative braking was a bit aggressive for my taste (though this is apparently adjustable.) Its interior is also as nice as any luxury car I’ve driven, with ample seating capacity for five, a beautiful large glass roof, and a flattened-out battery pack that means that even rear passengers can sit in comfort.

tesla model s 4

Of course, the Tesla is clearly a luxury vehicle and requires deep pockets to buy one. Prices start at $52,400(USD) for the bottom of the line (with half the battery capacity), and prices approach $100k for a fully-outfitted Model S Performance like the one I drove. Next up, I drove the Fisker Karma EcoSport – which is certainly a head-turner from the outside.

fisker karma

Made in Finland, this luxurious ride uses an “extended-range” electric powertrain, which is powered by a pair of rear-wheel traction motors, and backed-up by a 2.0L turbo 4-cylinder gas engine. This combination lets you drive about 33 miles on all-electric power before the gas engine kicks in. Despite its beautiful looks on the outside, I have to say the Karma was much more style over substance than the Tesla, in my opinion. 0-to-60 times are closer to 6 seconds, and the interior was crowded and a little uncomfortable.

fisker karma 2

The seats were very low to the ground, and it was difficult for me and my passengers to get in and out of the car. Plus, the T-shaped battery pack means there’s a large arm console fills up the middle of both the front and back seats. I didn’t have any problems with the performance of the electric drive train when it was running, and when the gas engine had kicked in, it added minimal noise to the ride. While it doesn’t have the beautiful glass roof of the Tesla, the Fisker does have a large solar panel on the roof, which can power the accessory systems and extend driving range minimally.

fisker solar roof

While the Fisker is definitely a looker, I’d have to say I was a bit disappointed in the overall ergonomics, comfort and ride for a car that sells for $103,000+. Plus, Justin Bieber drives a tacky chromed-out Fisker, so deduct 100 points for that. Last – but surprisingly not least -of the vehicles I test drove, was the Chevrolet Volt.

chevy volt

This compact, everyday hatchback uses a similar “extended-range” electric powertrain to the Karma, but is priced much more reasonably – if $39,000 to $45,000 is reasonable for you. Of all three cars I drove, the Volt actually had the most natural driving feel for someone coming from a conventional car. I felt connected to the road in this car, and it offered a comfortable cabin with smartly-designed controls and good ergonomics.

This front-wheel drive car is always driven by its electric motors, even when the engine kicks in. Think of it like a plug-in electric with a gas generator on wheels. This smart combination can give you an extended driving range of up to 380 miles, between its 9 gallon gas tank and an overnight charge of its plug-in EV batteries.

chevy volt 3

While the Volt is ideal for short urban hauls, its gas-powered secondary engine gives you the comfort that you can take it on the occasional long road trip as well. In pure-electric mode you’ll get somewhere around 35 to 38 miles before the gas engine kicks in, and a combined range of up to 380 miles. But even though we eventually kicked into gas mode at the very end of the rally, we still managed to produce a pretty solid 44.5 mpg – not bad for tons of stop and start traffic in the city.  Now if you’re looking for a high-performance vehicle, the 8.5 second 0-to-60 time of the Volt isn’t exactly thrilling – but the added torque of the electric direct drive system does make it feel quite zippy when taking off from a red light.

chevy volt 2

In general, I was very pleased with my driving experiences, and was pleasantly surprised that these cars felt much more ready for prime-time than many of us might think. There are already numerous EVs, hybrids, and even a growing number of high-efficiency diesels coming onto the market, and there will only be more selection in the coming years. While the single biggest limiting factor of these cars is their expensive battery packs, prices will likely come down as market adoption and production volumes increase.

Their batteries will also lose charging capacity, but in most real-world situations, you’re looking at 5 to 8 years down the road for a new car, and many of us only keep our cars for 3 to 5 years anyhow. While the pure electric and luxury appointments of the Tesla Model S Performance made it my personal favorite, its pricetag means that most of us can’t afford to buy one, and the all-electric design does create a little bit of added stress to everyday life – since you have no backup if you do run out of power on a long road trip. On the other hand, the extended-range Fisker Karma and Chevy Volt give you peace of mind in with their gas-based backup engines.

There are are significant government tax breaks if you buy an EV or a hybrid these days, which can drop the total cost of ownership. Current Federal tax credits for a plug-in EV go up to $7500, while hybrids and high-efficiency diesels can save up to $3400 on their tax bill. In addition, individual states offer credits and rebates on eco-friendly vehicles, which could bring your total savings up to $10,000 or more. Keep in mind that you’ll probably also have an added expense of $1000 to $2000 to install a proper 240V Level 2 outlet in your garage – which I think is a must for reasonable EV charging times – though you may be able to find tax incentives for that as well.

While many of you may be waiting for EV technology to evolve and prices to come down before jumping in, it’s clear that auto manufacturers have made great strides in just the first few years that these vehicles have been on the market, and the future for EVs looks bright.

I’m still not ready to give up my Mustang though.

VL Destino is a 639hp, supercharged, V8-powered Fisker Karma (eyes-on)

VL Destino is a 639hp, supercharged, V8powered Fisker Karma

People have gushed about the handling of the Fisker Karma, it’s low, long and wide chassis said to provide amazing handling. But, the powertrain has certainly caused some… problems. So, VL Automotive (a small auto manufacturer backed by Bob Lutz, among others) did what felt right: kept that luscious body and chassis and ripped out the guts. In exchange for the series hybrid get-up that drives the Karma, the Destino received a supercharged V8 — more specifically, the LS9 that powers the Corvette ZR1. Under the see-through hood of the ‘Vette that motor puts down 639hp, a figure that’s said to be maintained here, but with the four-door practicality the Chevrolet lacks. Pricing is said to be around $180,000 for the bespoke four-door supercar (a huge premium over the $102,000 Karma), but its designers hope that this could be the fastest four-door sedan on the planet when it goes on sale later this year. Just don’t expect to set any records on the fuel efficiency scoreboard.

Continue reading VL Destino is a 639hp, supercharged, V8-powered Fisker Karma (eyes-on)

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Fisker Karma production has been halted for a month, A123 Systems’ bankruptcy to blame

Fisker Karma production has been halted for a month, A123 Systems' bankruptcy to blame

Fisker Automotive is certainly no stranger to hold ups, and it turns out they’ve had another: production of the firm’s Karma hybrid has been halted since its sole battery supplier, A123 Systems, filed for bankruptcy in October. Since A123 slowed its battery output after the filing, the automaker has been too short on batteries to continue churning out vehicles. Fisker anticipates resuming production after the ill-fated outfit is auctioned off, but it doesn’t expect to know the outcome of the sale until mid-December. If your Karma’s lithium-ion pack goes kaput in the meantime, there’s still hope. As of now, the company says it has enough batteries in stock for customers who need replacements.

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Source: Reuters, Bloomberg

SlashGear Evening Wrap-Up: November 6, 2012

Welcome to the SlashGear Evening Wrap-Up: Presidential Edition. The world of tech didn’t come to a halt just because we needed to go out and vote, so in case you missed it, here’s the big news from the day. We learned today that HTC and Verizon will be holding a press event on November 13, and it’s there that we’re expecting to get our first official introduction to the HTC DROID DNA. Speaking of HTC, the company gave us its earnings for October 2012 today, and they aren’t looking all that great. Halo 4 officially launched today, but it isn’t without its share of server problems, and physical Google Wallet cards have been confirmed on a Google support page.


We heard new rumors of an Xbox Surface again today, and AT&T announced that it will begin offering the Nokia Lumia 920 on November 9 for a mere $99. Apple OS X 10.9 has been popping up around the web today, and Opera has been updated to version 12.10, which brings support for high definition displays. Amazon has introduced a new monthly billing option for Prime, and even though you’ll be paying more than subscribing annually, it might be a better idea for some than plopping down one big lump sum.

A sequel to the classic game Elite is looking for funding on Kickstarter, while Instagram says that Hurricane Sandy was probably its biggest event ever. Vizio unveiled a new line up of HDTVs and sound bars for the holidays, while Valve officially kicked off its limited-access Steam for Linux beta today. Ford and Microsoft had reason to gloat today with the 5 millionth Sync-equipped vehicle, and EA & DICE are celebrating 10 years of Battlefield with free copies of Battlefield 1942 on Origin.

Did you photograph your ballot and put it on the Internet today? Did you know that’s an illegal thing to do? Google was awarded a new patent that means something interesting for Google Glass, and Fisker was hit pretty hard by Hurricane Sandy. Microsoft has confirmed it will be focusing on Skype instead of Windows Live Messenger, and we heard that PlayStation: The Official Magazine will be going dark later this year. Finally tonight, Chris Davies explains why Apple will kick Intel to the curb if it can, and we tell you why you should probably wait on the all of the Miracast accessories for now. That does it for tonight’s Evening Wrap-Up, enjoy the rest of your night everyone!


SlashGear Evening Wrap-Up: November 6, 2012 is written by Eric Abent & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.


Fisker hit hard by Hurricane Sandy

A lot of places suffered the wrath of Sandy as it collided with the East Coast last week, but one manufacturer in particular was left with quite a mess to clean up after Sandy had passed. Fisker says that 300 of its Karma electric vehicles were destroyed by Sandy as they sat in a New Jersey port. Fisker sells each one of those Karmas for about $100,000 here in the States, so Sandy managed to destroy a lot of really expensive product when it made landfall.


Luckily, Fisker thought ahead and had each and every Karma insured. The cars were destroyed when the port flooded, though some of the Karmas actually caught fire when the saltwater shorted their batteries. The wind from Hurricane Sandy made things worse, spreading the fire to other cars. In the end, 16 Karmas had caught fire, but Fisker says there weren’t any explosions.

Even though having 300 cars destroyed is a pretty big loss, Fisker says it probably won’t suffer too much of a financial setback and that this shouldn’t cause any immediate problems with stock in the US, since there already cars in the States waiting to be sold. All in all, it sounds like Fisker will be relatively okay despite the fact that Sandy destroyed 300 completed and ready-to-be sold Karmas.

Fisker hasn’t been having the best of luck lately. Earlier in the year there were reports of Karmas randomly catching fire, and it wasn’t too long ago that we heard of one of Fisker’s manufacturing partners running out cash and selling off assets. Fisker could really use a pick-me-up right about now, but at it least it sounds like the company dodged a very expensive bullet when Sandy came to town.

[via Wall Street Journal]


Fisker hit hard by Hurricane Sandy is written by Eric Abent & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.


Fisker confirms no Atlantic until late 2014/early 2015; downplays battery supplier blip

Fisker‘s second car, the smaller and cheaper Atlantic all-electric vehicle, may not roll onto buyers’ drives until early 2015 the company has warned. The launch date of the Atlantic, revealed back in April as a more affordable option than Fisker’s first car, the Karma, has been shouded in mystery so far, but a “late 2014, or even 2015″ window was confirmed on a conference call this week, Green Car Reports writes.

“The Atlantic is really the volume car that begins to build growth,” CEO Tony Posawatz said on the call, arguing that the EV “creates a business model that is one where we can really generate cash in the future.” However, that cash won’t be landing in Fisker’s account any time soon, with Posawatz also confirming that the Atlantic is still a couple of years away.

The reason for that extended gestation period isn’t clear, though Fisker is yet to decide whereabouts it will actually be produced. “We wanted to make sure it was located in the United States” CFO Jim Yost said, and it’s possible that the existing Delaware facility the company uses could be turned over to making the new model.

Although concerns surfaced earlier today, when it was revealed that Fisker battery supplier A123 Systems was to sell up, that the Karma – and future EVs – might run short of power, the car company says that’s not a worry it shares:

“Fisker welcomes the prospect of JCI, a recognized and strong Tier One supplier with which we already have a relationship, acquiring A123’s automotive operations in order to continue production of the battery pack that we currently use on the Karma to supplement our existing inventory, which is expected to cover our needs through at least the first quarter 2013″ the company told GigaOm.

Fisker closed a further $100m equity round last month, taking its total investment raised to $1.2bn, though its Karma has suffered a number of embarrassing safety hiccups. Several of the cars have overheated and even caught on fire, while Consumer Reports deemed the EV “full of flaws” in its review.


A123 Systems becomes America’s latest EV battery maker to file for bankruptcy

A123 Systems becomes America's latest EV battery maker to file for bankruptcy

Having been riddled with setbacks, including a major recall of faulty batteries supplied to Fisker Automotive, Michigan’s favorite EV battery maker A123 Systems has filed for bankruptcy. It has also announced the sale of its main business units to rival Johnson Controls in a deal pegged at $125 million — a sad fraction of the billion dollars it raised since it launched in 2001 (not least from government grants). It seems that neither fresh lithium ion innovations nor a potential deal with Chinese investors were able to keep the company out of the red, which leaves A123 on the road to nowhere — right behind that other DoE-sponsored hopeful, Ener1.

Continue reading A123 Systems becomes America’s latest EV battery maker to file for bankruptcy

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A123 Systems becomes America’s latest EV battery maker to file for bankruptcy originally appeared on Engadget on Wed, 17 Oct 2012 06:22:00 EDT. Please see our terms for use of feeds.

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Fisker retorts to Consumer Reports amid new $100m equity round

Electric car manufacturer Fisker has hit back at Consumer Reports criticisms, which described the Karma as “plagued with flaws,” and simultaneously announced a new round of private equity funding. The firm – now more than $100m better off, thanks to investment from unnamed benefactors – was quick to cite the list of accolades and successes the Karma has achieved so far, taking issue with all but a couple of Consumer Reports’ problems with the slinky sedan.

“As the Karma is a concept car come to life, packaging and visibility will of course not be that of a minivan” Fisker points out, going on to highlight that “the 66 MPGe recorded during [Consumer Reports’] testing – the highest of nearly any production car — is a great endorsement for Fisker as pioneers of this new luxury segment.” It also mentions its owner feedback section, which has a number of positive reviews.

In fact, there are only really two areas where Fisker concedes it needs to raise its game. “Plans are in place to improve sound quality, which is a new challenge for all silent-running EVs,” the company says, “while software improvements are being made to touch-screen controls to improve responsiveness and functionality.”

Despite mixed results in the market, including several Karma cars bursting into flames, Fisker continues to pull in investment. The company said that it plans to use the extra financing to continue developing the Atlantic sedan, a mid-sized version of the Karma that should be more affordable.

It will also begin a global marketing campaign, particularly focusing on the Middle East and China. So far, since its December 2011 launch, almost 1,500 Karma cars have been delivered to customers, Fisker says.


Fisker retorts to Consumer Reports amid new $100m equity round is written by Chris Davies & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.