Archive for the ‘Karma’ Category

Vice President Joe Biden, known for repeated instances of foot-in-mouth disease, unwittingly spilled the beans on Fisker Automotive's plan for a Delaware-built, three-vehicle family of plug-in hybrids.

Fox News reports that Biden told press gathered in Wilmington, Del., that Fisker would eventually build 100,000 plug-in hybrid sedans, coupes and crossovers "every single year."

In a follow-up interview, founder Henrik Fisker told Fox that Biden "definitely told what our product plans are."

Fisker's gambit in the government's full-court press for electrified vehicles is a brilliant one, on its face. While electric-car company Tesla has yet to...

Like that old gray mare the kids keep talking about, fuel economy standards ain't what they used to be. We've seen this recently with General Motors' announcement of a 230 mpg rating for the Chevrolet Volt. We've also seen it with the Fisker Karma sedan, which announced a much more modest fuel economy of 67 mpg. In the context of conventional, combustion-engined cars, those figures are pretty eye-popping -- but of course, they're not quite what they seem. The EPA is working to fix that.

The problem with the Chevy Volt, the Fisker Karma, Jaguar's "Limo Green" concept, and other new-tech vehicles is their drivetrains, which center around...

A couple of weeks ago, Fisker gleefully announced fuel efficiency stats for its upcoming extended-range Karma sedan (67 mpg, though the math is a little fuzzy).  Now the upstart automaker has another reason to celebrate: the U.S. Department of Energy has awarded Fisker a $529 million low-interest loan, which will help the company develop the $87,000 Karma and the upcoming Nina, a lower-priced sedan that will ring in around $45,000.

Roughly $169 million of Fisker's loan will be applied toward development of the Fisker Karma. Those funds will go toward the design of tools, equipment for manufacturing, and coordination of materials from U.S....