Tag Archives: karma

Fisker and Leonardo DiCaprio to Work on ‘Sustainability’

Fisker Automotive and Leonardo DiCaprio today announced that they will work together to promote environmental causes. DiCaprio – an investor in Fisker – will “participate in conversations on the auto manufacturer’s future plans for the advancement of sustainable, responsible vehicles.” Continue reading

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Penske Automotive Adds a Fisker Dealership in Arizona

Penske Automotive Group is opening the first Fisker dealership in Arizona – Fisker of Scottsdale. The addition of the new Arizona outlet bring to 80 the number of independent retail locations in the US, Canada and Europe selling Fisker EVs. The Karma model is sold through 48 outlets in North America, and will soon be distributed for the first time in China and the Middle East following new retail agreements. Continue reading

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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

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