In the past few months, things have gone from bad to worse for Fisker .It all started to come to a boil when its lithium-ion battery supplier, A123 Systems announced its bankruptcy and came to a head with Henrik Fisker’s decision to step down.
But things are continuing to spiral out of control for the company. Back in 2009, Fisker received a $529 million loan – only $193 million of it was actually given to Fisker – and the lack of sales mixed with abundance of troubles with the Karma have drained the company’s coffers, making the possibility of it paying that loan very slim. In fact, it was found that for each Karma sold, the company lost a total of $560k.
Today, the U.S. House Oversight and Government Reform committee are meeting to examine that huge loan received by Fisker, and Henrik Fisker will be there to testify for the failing company. That is not the real news here, as what’s really odd is that Fisker has taken its commercial and press sites off line in anticipation of the hearing. We are wondering what the site has to do with the hearings, but this is definitely not a positive sign. So, stay tuned for more details.
Hit the jump fore more details on Fisker Karma.
The Fisker Karma was initially unveiled as a concept car at the 2008 Detroit Auto Show and the production version arrived at the same show two years later.
According to the initial figures revealed by the company, Karma was supposed to be quite an impressive car. It was powered by two 200-plus-horsepower electric motors powered by a lithium-ion battery pack. When the power of these two motors went down, a GM-sourced 2.0-liter gas engine producing 260 horsepower came into focus and generated all the energy needed. Fisker announced the Karma could sprint from 0 to 60 mph in less than 6 seconds and hit a top speed of more than 125 mph.
When we tested the car back in 2012 we saw that Fisker was right and that Karma was an amazing car.
However, there is a little disadvantage: the car’s $102,000 price.