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Tag Archives: fisker karma
A123 Recalls Lithium Ion Batteries Shipped to Fisker, Others
The $55 million recall comes after the well-publicized failure during testing of a Fisker Karma that was owned by Consumer Reports. A123, an investor in Fisker, lost almost $260 million in 2011. A123 received a $249.1 million grant from the Department of Energy to reopen plants in Livonia and Romulus, Mich., as well as money and tax credits from Michigan worth more than $100 million. The future of the company, which has never earned a profit, is not clear. Continue reading
