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Is Fisker Headed for a Solyndra-Like Collapse? [It's A Beautiful Car: What Went Wrong?]
ABCNews ^ | April 02, 2013 | MATTHEW MOSK

Posted on 04/05/2013 8:59:17 PM PDT by Steelfish

Is Fisker Headed for a Solyndra-Like Collapse?

The 2012 Karma Silver Wind is a plug-in hybrid electric vehicle. (Fisker Automotive) (Pic in URL)

By MATTHEW MOSK April 2, 2013 As a major financial deadline looms, a green car company that was approved for a $529 million loan from the U.S. Energy Department is keeping quiet about whether it could be headed towards a Solyndra-like collapse, following reports the company may be preparing for bankruptcy.

"We are not offering any official comment on the speculation around bankruptcy at this stage," Roger Ormisher, a spokesperson for the electric car company Fisker Automotive, told ABC News recently.

Ormisher was responding to questions about reports last week that Fisker had hired a prominent law firm to advise it on possible bankruptcy proceedings. The Anaheim, Calif.-based company recently disclosed that it had furloughed non-essential U.S. workers in March, a move made as the company is "in the process of identifying a strategic partner... [but] continuing to manage its day-to-day operations," Ormisher said.

Fisker Automotive entered the electric car market with hefty support from the U.S. Energy Department and backing from such celebs as Justin Bieber and Leonardo DiCaprio, but the company and its high-priced Fisker Karma have continued to skid financially.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: greenenergy
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1 posted on 04/05/2013 8:59:17 PM PDT by Steelfish
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To: Steelfish

It is a beautiful car, but price is too high for the marketplace.


2 posted on 04/05/2013 9:02:08 PM PDT by entropy12 (The republic is doomed cuz people have figured out they can get free stuff by voting democrats)
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To: entropy12

Not to mention it’s got more bugs than a new release of Windows.


3 posted on 04/05/2013 9:03:01 PM PDT by ZirconEncrustedTweezers (I'll stop being a cynic when the world stops giving me reasons to be cynical.)
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To: Steelfish

WHAT WENT WRONG?!?!?

THEY HARDLY SOLD ANY DAMN CARS!!!!! And pissed away hundreds of millions of dollars. Their ONLY source of batteries - and having no other supplier - tanking like Solyndra didn’t help.


4 posted on 04/05/2013 9:04:27 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: ZirconEncrustedTweezers

Not to mention that when they get wet they burst into flames.


5 posted on 04/05/2013 9:05:22 PM PDT by Mountain Bike Vomit Carnage (Have you ever seen an Obama sticker that wasn't cockeyed on a bumper?)
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To: Steelfish

Isn’t the car named Karma LOL you know what they say about karma


6 posted on 04/05/2013 9:08:25 PM PDT by Sarah Barracuda
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To: Steelfish

What Went Wrong? Government. Obama is an idiot.


7 posted on 04/05/2013 9:14:18 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!n)
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To: Steelfish

This is what happens when communist central planners (Obama and crew) replace the free market. In the midst of a terrible recession they create a product only rich, corrupt Commissars can afford, then complain because the peasants aren’t buying it. The system is doomed if they prevail.


8 posted on 04/05/2013 9:14:29 PM PDT by Bernard Marx
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To: Secret Agent Man

But with the dealer discount you can get it for a measly $80K!!!! WHAT A DEAL! SELLING LIKE HOTCAKES NOW!!! WAHOO!

http://green.autoblog.com/2013/04/05/fisker-karma-on-sale-80000-dollars/


9 posted on 04/05/2013 9:15:47 PM PDT by Jack Hydrazine (I’m not a Republican, I’m a conservative! Pubbies haven't been conservative since before T.R.)
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To: entropy12
Fisker Karma earns a failing grade from Consumer Reports

It broke down on the test track. Lots of other problems too.

10 posted on 04/05/2013 9:15:52 PM PDT by Timber Rattler (Just say NO! to RINOS and the GOP-E)
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To: Sarah Barracuda

Sounds like somebody’s Dogma is driving that Karma...

over the cliff!


11 posted on 04/05/2013 9:18:11 PM PDT by Jack Hydrazine (I’m not a Republican, I’m a conservative! Pubbies haven't been conservative since before T.R.)
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To: Steelfish

12 posted on 04/05/2013 9:28:01 PM PDT by null and void (Gun confiscation enables tyranny. Republicans create the tools of oppression and Democrats use them.)
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To: Steelfish

Damned good looking coffin.... And you can push it....


13 posted on 04/05/2013 9:46:56 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
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To: Steelfish

What’s the difference between a Fisker and an F150 pickup? The difference is that people in the market for a vehicle want the F150 and are willing to pay the asking price. Econ 101 class dismissed. Quiz on Monday.


14 posted on 04/05/2013 10:05:27 PM PDT by ElkGroveDan (My tagline is in the shop.)
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To: Steelfish
...and backing from such celebs as Justin Bieber

Were you expecting all his fans to run out and buy one?

15 posted on 04/05/2013 10:07:36 PM PDT by Cementjungle
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To: Steelfish

Ah, there was no market for it? It didn’t make it through the Consumer Reports trials as I recall.


16 posted on 04/05/2013 10:14:45 PM PDT by MasterGunner01
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To: Jack Hydrazine

LOL..I dont know why libs love driving those electric cars, they are garbage..but I was shocked today to see a Prius with a “Proud NRA member” bumper sticker..I went back and looked at it again, couldnt believe it was on a Prius


17 posted on 04/05/2013 10:16:57 PM PDT by Sarah Barracuda
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To: null and void

I was behind one on the way to work on morning. Great looking car, although the diamond shaped intake things might be a little overdone. Definitely wide and low and mean looking though. One thing I’ll say about the current generation of car stylists is that they’ve figured out how to make four doors look sleek.


18 posted on 04/05/2013 10:20:52 PM PDT by Yardstick
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To: Yardstick

on = one


19 posted on 04/05/2013 10:21:18 PM PDT by Yardstick
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To: Timber Rattler

I am not big fan of consumer reports. I have had very good luck owning cars rated poorly by CR. Part of that is I can diagnose many car problems myself. In my experience, American made cars suffer from lack of stringent inspections. The mentality is to let the car buyer find problem which is cheaper than inspecting every car thoroughly. But after those minor problems are taken care of, American cars can outlast most other cars.


20 posted on 04/05/2013 10:28:43 PM PDT by entropy12 (The republic is doomed cuz people have figured out they can get free stuff by voting democrats)
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