2012 Fisker Karma on 2040-cars

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Fisker unveils EMotion electric sedan's butterfly doors

Henrik Fisker runs a new company called Fisker Inc., founded after Fisker Automotive crumbled and the Karma electric sedan went to China to be resurrected as the Revero made by a company called Karma. Any new company needs a new product, and Fisker has it: the EMotion electric sedan, which will bring its 400-mile-plus range, four butterfly doors, and a tiny example of its "revolutionary" battery to next week's Consumer Electronics Show in Las Vegas. We have about enough specs on the EMotion to fill a Post-It note, but we're told that the range comes courtesy of a whopping 143-kWh lithium-ion battery that can be re-juiced with a 125-mile range in nine minutes. Fisker Inc. had formed a joint venture with Nanotech to produce graphene batteries, but the JV fell apart. Fisker says the replacement li-ion batteries sourced from LG Chem employ proprietary module packaging to create "probably... the most energy dense battery pack in the world." The company won't be ready to divulge all of its battery and cooling secrets at CES, however, reps do plan to bring a cellphone-sized version to demonstrate the possibilities. Other innovations in development are an automated, hands-free charging connector. As for those doors, they take us back to the Savage Rivale Landyacht GTS, being butterfly portals all around, rear-hinged for the rear set. Not sure how practical they'll be, but they make the all-wheel drive EMotion look like nothing else - something the EMotion already didn't need to worry about. Fisker says the sedan's interior will be more spacious those of its competitors, with rear legroom exceeding that of "many full-size luxury sedans." Every seat gets viewing screens, and top speed rings in at 161 miles per hour. Fisker expects production to begin in 2019 somewhere in the US, and set the base price at $129,000. The order books are open now, with a $2,000 deposit securing your reservation. Related Video:

Fisker stops production, warns it may need to seek bankruptcy

Fisker Inc. is pausing production for the next six weeks as the electric-vehicle maker looks to rein in inventory and avoid possibly having to file for bankruptcy. The company didn’t make a required interest payment of about $8.4 million last week on its unsecured convertible notes due in 2026, according to a regulatory filing Monday. Fisker warned it may not be able to meet obligations to service its debt and “could need to seek protection under applicable bankruptcy laws.” Fisker shares fell as much as 14% shortly after the start of regular trading. The stock had plummeted 90% this year through last weekÂ’s close. Fisker also said Monday that it plans to raise as much as $150 million through a financing deal with the holder of its 2025-dated convertible notes. The Los Angeles-based EV maker didnÂ’t identify the existing investor and said the funding will be organized in four tranches and subject to certain conditions. The disclosures expound on the dire state of Fisker, which warned late last month that there was substantial doubt about its ability to stay in business. The company has said it will cut 15% of its workforce after struggling with production issues, software glitches and short-seller criticism. Fisker said it remains in negotiations with an unidentified large automaker about a potential investment and joint development partnership. Bloomberg reported earlier this month that the company was in talks with JapanÂ’s Nissan Motor Co., citing people familiar with the matter. In its statement, Fisker said it has about 4,700 vehicles in inventory worth more than $200 million. ItÂ’s pausing production in Graz, Austria, starting this week to sell down its supply of already-built EVs.   Earnings/Financials Plants/Manufacturing Fisker

Aston Martin drops Fisker lawsuit, Thunderbolt will not be produced

If you were perhaps looking forward to getting your hands on one of Henrik Fisker's Project Thunderbolt cars, you're out of luck. In order to quickly resolve a lawsuit from Aston Martin, Fisker has agreed to not produce his one-off take on the Vanquish coupe. Fisker made a splash at this year's Amelia Island Concours d'Elegance when he showed Project Thunderbolt. It was Henrik's own take on the already pretty Aston Martin Vanquish coupe, and apparently, the guys and gals in Gaydon didn't take too kindly to Fisker's creation, issuing a lawsuit that "centres on Henrik Fisker's creation and promotion of automobiles that Aston Martin contends infringes Aston Martin's rights, by an improper and unauthorised attempt to exploit and free-ride off them," according to a statement obtained by Autoblog last month. In a new statement issued Wednesday, the two parties have agreed to resolve their differences. Aston Martin has agreed to drop the lawsuit so long as Fisker does not produce his Project Thunderbolt coupe. So, sorry, Fisker fans. The official statement is pasted below. On March 26, 2015, Aston Martin filed a lawsuit against Henrik Fisker and other parties alleging various infringements by "Project Thunderbolt" of Aston Martin's intellectual property rights. The parties are pleased to report that they have been able to swiftly and amicably resolve their differences. The terms of the resolution are confidential except that the Parties wish to confirm 3 points: 1. Henrik Fisker has decided that "Project Thunderbolt" will not be produced; 2. Aston Martin will withdraw the lawsuit; and 3. In view of some apparent misunderstandings surrounding reports of the case, the Parties wish to expressly confirm that the contentions made by AML were those, and only those, made in the lawsuit. The Parties confirm that that they have amicably resolved those matters, as well as any attendant misunderstandings. The Parties will not be commenting further.