Fisker Is Teasing a "Rescue and Mil-Spec" Package for the Ocean SUV
The Fisker Ocean SUV was unveiled at the 2020 Consumer Electronics. The company has had beautiful vehicles in the past, but none of them really hit the market. Henrik Fisker, the CEO of Fisker Inc., has the propensity to overcommit and under-deliver, so no one took him seriously when he announced in 2019 that Fisker is planning to build an affordable electric four-wheel-drive SUV with a range of 300 miles.
However, Fisker not only revealed the SUV, but also announced a sub-$30,000 starting price tag – after discounting for the credits – that took everyone by surprise. Now, the company has teased a new off-road trim for the SUV that looks tough and could invoke a lot of interest.
2022 Fisker Ocean
Back in March 2019, Henrik Fisker, the CEO of Fisker Inc., announced that the company is planning to build an affordable electric four-wheel-drive SUV with a range of 300 miles. But no one really took him seriously given his propensity to overcommit and under-deliver.
Make no mistake; Fisker has produced some of the most beautiful-looking vehicles to date, but the company never really hit it off. This time, however, Fisker has lived up to its word and revealed its first electric SUV at the 2020 Consumer Electronics Show. Called the Fisker Ocean, the SUV looks to be a wholesome package and has enough to take on some of the fiercest competitors in the market. But will the Ocean see the light of the day?
Fisker To Come Out With Its Electric SUV, But Is The Company Serious About It?
Fisker has been as fickle as a cat with its products in the auto industry. For what it’s worth, the company comes up with some really nice concepts that garner a lot of attention. But the concept-to-production model ratio does not induce enough faith in the brand. Such is the company’s reputation that no one really takes Fisker that seriously anymore. Recently, Henrik Fisker tweeted a teaser image that looks like a pickup truck. With a lot of products already announced but none of them making it to production, should we even be excited about the Fisker pickup truck?
2019 Karma Pininfarina GT Coupe
Karma Automotive, the company that emerged after the bankruptcy of Henrik Fisker’s first automotive venture, came to the 2019 Shanghai with its own "Big Three": A flamboyant open-top concept, the revised Revero GT and this lavish and elegant two-door sports car penned by Pininfarina which could be produced in limited quantities by Pininfarina if enough buyers get together. As it’s based on the Revero’s underpinnings, it should be at least as quick and agile if not more so.
Karma has been around for a few years already, but it was seen as a stagnant company. After all, its only product has been the Revero, essentially an exercise in rebadging the Fisker Karma. In a way, it makes sense as Chinese company Wanxiang who bought Fisker’s assets (as well as a production plant and other things) paid over $149 million for them and, anyway, the Karma’s bad rep was never due to its design since it’s arguably one of the prettiest four-door GTs of the 21st century (just look at the curvaceous rear fenders).
Last year, Karma introduced the Aliso, a limited-edition version of the Revero and the company announced that only 15 will be made with a base price of $145,000, some $15,000 on top of the Revero’s base MSRP of $130,000. This luscious coupe we see here should be at least as expensive if it will be put into production. If not, just look at it in concept form and think that it’s a source of inspiration for Karma products to roll out in the near future.
Fisker Will Tap Into The ’Affordable’ EV Market Fray With An Electric SUV
Do you remember Henrik Fisker? He is the man behind the original Karma PHEV that drove Fisker Automotive into bankruptcy. However, Fisker has now announced a sub $40,000 SUV that will be one of the three mass-market cars that his company, Fisker Inc., plans to build in the near future. The automaker is aiming for a 300-mile range and is planning to launch this unnamed SUV in the second half of 2021. Will Mr. Fisker be able to secure a chunk of the market this time around?
Fisker’s Newest Project is an Electric Shuttle; Deliveries Start in Late-2018
Proclaimed as an “SUV you actually want to ride in,” Henrik Fisker has finally shown off his newest creation and the second model to be proposed for the Fisker lineup. Meet the Fisker Orbit, a model that Fisker claims will change the future of mobility forever, and has yet to go beyond the rendering stage, but is apparently slated for delivery starting in October of 2018 – that’s less than one year from the time of this writing. The company, via its Facebook page, said its an “electric, connected, autonomous shuttle for smart cities.” According to Boss Magazine, the new Orbit will be built in collaboration with Hakim Unique Group of China, a brand valued at $32 billion with 160 subsidiaries globally.
Want to know more? Keep reading…
It’s no surprise to anyone that Fisker is on life support and is nearing its final breath, as it has had way too many issues over the years. Even with the company likely organizing its affairs for bankruptcy, no one could have ever anticipated seeing a Karma for sale at less than half of the sticker price.
Well, we can now see that the unexpected is a reality, as Karmas are starting to trickle onto Ebay at massive discounts. When we drove the Karma, we found that it drive like a far more expensive car than its $100K price tag and later found that it actually costs more to develop and advertise than Fisker was actually selling the model for.
As of May 17th, we found four Karmas for auction on Ebay with current bids that run from $50,000 to $79,995 with less than 10,000 miles on their odometers. In fact, the $50,000 model only has 550 miles and it is 1 of 100 Signature Editions. Business Insider actually managed to dig one up for $40,200, which adds up to 60 percent off of the MSRP.
From the looks of it, Karma owners are getting spooked by Fisker’s financial trouble and the fact that if the company goes under, there is no large backer to cover warranty and service issues. Unlike when Pontiac and Saturn closed up shop, Fisker doesn’t have GM behind it to provide post-mortem support.
<Click past the jump to read more about the Fisker Karma
Following the damaged caused to a slew of Fisker Karmas by Hurricane Sandy, Fisker’s insurer denied the claim and the EV builder almost immediately filed a $33 million lawsuit against the insurer. According to a report, the two companies have settled the lawsuit and all legal action was dropped.
There is no mention of who started the settlement process, but this does seem like strange timing. See, only weeks ago Fisker hired a consultant to help the struggling manufacturer save a little money and to search for a potential partner or buyer. It’s common knowledge that a pending legal battle makes it much harder to talk a potential partner into joining forces and even tougher to find a buyer.
This leads us to believe that Fisker may have a partner or buyer that is interested, but wanted the legal battle settled before moving forward. This is all multiplied by the recent report from Reuters that Geeley, the Chinese automaker and owner of Volvo, was more than just a little interested in purchasing majority stake in Fisker.
All of this is coming together all too well for us to ignore the possibility of Fisker selling sooner rather than later.
We’ll keep an eye on this situation and update you.
When we reviewed the Fisker Karma back in November 2012, we were pretty sure that this was a model with a promising future in the U.S. market. Apparently, we were wrong. It looks like Fisker hasn’t produced any vehicles in more than six months, and the problems do not stop here.
Apparently the company is still having big problems with cash, which really took off when the U.S. Department of Energy decided to freeze about $300 million of the $529 million loan Fisker was supposed to receive. Our contact at Fisker confirmed through several news outlets that the electric vehicle manufacturer has hired a consultant to oversee day-to-day operations in an attempt to conserve cash. The other detail to emerge is that sources close to the company are reporting that Fisker is seeking bidders to enter a partnership with or a possible acquisition.
Fisker officials confirmed that the company already attracted interest from companies like the Swedish vendor Valmet and a few others companies in China that may be interested in either being strategic partners or in the technology developed by Fisker. However, problems for Fisker do not stop here: recently battery supplier A123 Systems Inc. filed for bankruptcy and Fisker remains without the most important part of Karma model. Wanxiang – the likely buyer of A123’s assets – has interest in providing Fisker the batteries it so badly needs, so that part may work itself out.
We’re just hoping they will find a solution pretty soon; it will be a shame not to see them on the market in the future!
If you remember the Bobs from Office Space, then you know what it means when a company hires an outside consultant.
Ah, the Fisker Karma. It is likely one of the most well designed and heavily debated cars available today. Some people love it and cannot get enough of it and others can’t stand it. It’s truly one of the most polarizing cars on the market and a lot of that is because of some of the issues it has run into and the massive DOE loan that Fisker took out to help produce it.
We pretty much sit right in the middle. We’ve loved its looks from the day we saw the concept model that no one believed would ever be produced. Its issues and some of the sub-par reviews, on the other hand, pushed us back toward the middle..
Well, the only way we can really find out if we truly love it or hate it is to test drive it. And that is exactly what we did, as we took a road trip to Fisker of Tampa Bay at 320 East Fletcher Ave. in Tampa, and met up with Fisker brand manager Jackie Daly and general manager Bryan Mobley for an exclusive viewing and test drive.
So, did we walk away impressed or did the Karma underwhelm?
Click past the jump to find out.
TopSpeed Exclusive: Fisker Clears the Air About the Karma Issues, Atlantic Delay, Combusting Fan, Future Plans and Financial Status
Fisker began development of a revolutionary car, the Karma, roughly four years ago. At that time, folks were optimistic, excited, and had almost only good things to say about this upstart company. It’s crazy how fast things can change.
As time moved on, Fisker started running into some real issues that would likely destroy many startup companies. The downward trend started with the DOE freezing its loan to Fisker after it had only used about half of the available funds. The next issue was a pair or recalls – one in December 2011 and another in May 2012 – because of incorrectly positioned hose clamps that could cause a coolant leak. And you likely know, electricity and water do not mix.. Then came the fires…
The first fire came about in April 2012, when a man’s house and other two cars were damaged after his Karma caught fire in the garage. The cause of that fire was not known, but it is likely related to the following fire that came just months later. This second fire occurred in August and was easily contained to just the front end of the $100K luxury car. The one good thing to come out of this fire is that Fisker was quick to the aid of the owner and quick to mobilize a group of outside investigators to figure out that it was a failed low-temperature fan that caused the flame.
This final fire brought about the final recall of the Karma, to date. In this recall, Fisker asked 1,377 Karma customers to bring cars in to have the cooling fan replaced. Between all of these issues were complaints from customers about a Command Center that didn’t operate effectively and a “Stealth” mode that wasn’t too stealthy. Adding to those complaints was a very poor review of the Karma by Consumer Reports.
With these issues came a shellacking from the press – automotive and general – and all Fisker could do was try and get its own version of the story out. Well, we just gave Fisker an avenue to air its side of the story in our exclusive interview with Fisker’s Senior Director of Global Corporate Communications & PR, Roger Fisker.
To read what Fisker has to say about these issues and more about its future, click past the jump.
After nearly a year of seeing Mitt Romney and Barack Obama fling mud – maybe even a little poo – back and forth at each other, the election is finally over. Love him or hate him, Obama is in office for another four years and he has already shown that he likes to dwell in the automotive realm (see: automotive bailout, Chrysler bankruptcy, and DOE loans for EV technology).
A big one on our radar these days is the renewal of the CAFÉ standards – yes, it was a renewal; the CAFÉ standards are nothing new – and their direct impact on the sport car realm. By the year 2025, all automakers must have a corporate average fuel economy rating of at least 54.5 mpg, a number that sports cars often drag down.
There is a good possibility that one of three things will happen due to these standards. First, is the chance that automakers install more advance turbocharging technologies on vehicles in order to keep their power output high and fuel economy high too. With those technologies come rising price tags – something we are already experiencing today. The second – most unlikely – scenario is the complete elimination of all powerful sports cars, leaving behind just the likes of the underpowered-for-a-true-sports-car Scion FR-S-like vehicles. The third scenario is one that would satisfy our itch for fast cars and the EPA’s itch for eco-friendly cars, and that is the widespread development of super powerful electric, hydrogen fuel cell or natural gas sports cars.
The latter situation is one that we already know is possible. Have a look as the Tesla Model S and you’ll see a car that can travel 300 miles on a charge and still zip to 60 mph in 4.4 seconds. And that is a rather large sedan, so imagine it as a sports car. Same goes for the mid-5-second sprint to 60 mph that the 5,000-pound Fisker Karma completes. The final example is the Maxximus LNG 2000 and its 1,600-horsepower natural-gas-powered engine.
We think that this renewal of Obama’s stay at the White House won’t necessarily bring about the conversion to alternative fuel sports cars in the next four years, but it will certainly accelerate the process significantly. We honestly think it is a thing to look forward too, not be afraid of. Just think, no more gas station trips!!
Fisker had some issues with Karmas and spontaneous combustion, as of late, and even mentioning the word “Fire” in Fisker’s home office is likely an offense likely worthy of firing. Wait, but you can’t say “Firing” either, so how about “Termination.” Reports out of New Jersey of Karmas catching fire following Hurricane Sandy couldn’t have possibly come at a worse time.
According to the reports, a group of Fisker Karmas were sitting at port in New Jersey when seawater submerged them. A short time after their submersion, 16 of the stored Karmas burst into flames. From the images we are seeing, they are total losses and we will likely never know the precise cause, but Fisker is diligently investigating the situation.
One thing is for sure here, this will likely not have anything to do with a flaw in the Karma’s design. It’s likely no more Fisker’s fault than a blow dryer’s fault for you getting electrocuted while drying your hair in the bathtub. It’s simple: deep water + electronics = “zap” and “boom.” This is multiplied when you add in the corrosive salt in the ocean and the fact that these cars were likely submerged for a long time.
We are more concerned with whether these cars were already sold to customers or if they were just dealership stock. Plus, with the financial eggshells that all startups walk on, we are concerned with how losing this large of a percentage of Karmas produced will affect Fisker’s 2012 and 2013 outlook.
We’ve reached out to Fisker to try to get a better grasp on the situation. We’ll pass any information we get along to you.
The last time we checked in on Fisker, it had fallen short of its $150 million fundraising goal by about $50 million, but said that was plenty to help fund the development of the upcoming Atlantic sedan. Just recently, Fisker had an investor meeting and it had a little bit of bad news, per reports, as the Atlantic’s pre-production may not start until 2014. The anticipated timeline for the Atlantic was a 2013 startup, so this would place it about two years late to the party.
There are no reports as to why production is being delayed, but it is likely either a delay in getting the former GM plant that it purchased up to date for production or choosing an overseas assembly site. Once production gets rolling, Fisker will be adding over 1,000 jobs – hopefully to the U.S. market – plus it’ll be able to use this opportunity to put some of the Karma issues behind it. One issue that will certainly be resolved is the Karma’s high price, as according to the report, the Atlantic will come in at a relatively affordable $55,000 base price.
Also outlined in the presentation is the fact that Fisker is looking to partner up with other automakers to spread the Atlantic’s platform to other makes. That really comes as no surprise because that was already rumored, but now we have a little confirmation.
We are due to have a sit down with Fisker reps soon and this information will certainly be added onto the list of topics that we will cover.
So, for anyone that watched the Debate last night – I did and I am suffering today thanks to the late evening – you saw presidential hopeful, Mitt Romney, hit our sector a few times. One time, he took a direct swipe at two alternative-energy car companies in one statement. If you missed the statement, here it is:
"Now, I like green energy as well, but that’s about 50 years’ worth of what oil and gas receives," Romney said during the first of three Presidential debates. "You put $90 billion — like 50 years’ worth of breaks — into solar and wind, to Solyndra and Fisker and Tesla and Ener1. I mean, I had a friend who said, you don’t just pick the winners and losers; you pick the losers."
Now, we’re not here to debate politics, but to call Tesla and Fisker “losers” is not quite fair. As a matter of fact, Tesla announced on Wednesday – the same day that Romney labeled it a “Loser” – that despite its struggles meeting delivery goals, which are due to supplier issues, it will become “cash-flow positive” by next month and will hit the 500-unit mark in just a few weeks.
Hitting that black in the ledger is a huge step for an upstart company and to see Tesla hitting it this soon is impressive. Musk also announced that despite criticisms of the DOE loan to Tesla, the company has always paid the loan installments on time and has never even given a thought to postponing the payments.
We are not too sure exactly what will come of Tesla in the long run, but it is already prepping the release of its second vehicle, the Model X SUV, and there is a light at the end of the very long upstart tunnel for Musk and Tesla. We’ll keep an eye on the ledger sheet and let you know if Tesla meets this anticipated milestone on time or not.
Click past the jump to read Mr. Musk’s blogged press release.