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Karma begins deliveries of the Revero luxury plug-in

If you missed out on the Fisker Karma plug-in hybrid, you can now get your hands on the revived, revised version, the Karma Revero. Karma Automotive has officially begun trucking the cars to showrooms, and the company held a "Delivery Day" ceremony to mark the occasion. While it's a big deal for the customers who had preordered the Revero, it's a transformative moment for Karma, as Chief Revenue Officer Jim Taylor points out. "Karma has moved from a product development company to an automotive manufacturer," he says. "We have completed the critical steps to become a true luxury vehicle OEM. The launch is a great accomplishment for our Company and all our team members." The range-extended luxury EV hasn't changed much since its first life under the oversight of Henrik Fisker. The Karma Revero has two electric motors providing the rear wheels with 403 horsepower and 981 pound-feet of torque. A 21.4-kWh battery provides up to 50 miles of electric-only driving range, while an onboard gasoline generator extends that range to 300 miles. It can do 0-60 miles per hour in 5.4 seconds, and has an electronically limited top speed of 125 mph. It features 50:50 weight distribution and auto-leveling suspension for optimal handling. Karma has dealerships in Pasadena, Fort Worth, Atlanta, Miami, Palm Beach, Chicago, Detroit, Philadelphia, Toronto, and Montreal. Related Video:

Fisker will adopt Tesla's NACS EV charging connector by 2025

Electric vehicle startup Fisker said on Tuesday it signed a deal with Tesla to adopt its North American Charging Standard (NACS), giving Fisker customers access to the automaker's Supercharger network by 2025. A plethora of automakers, including Ford Motor and General Motors, are moving away from the standard Combined Charging System (CCS) connector to Tesla's previously proprietary charging design, which is set to dominate the industry. Fisker said its vehicles made 2025 onwards will have the NACS port for charging, while other customers can use an adapter to access Tesla's 12,000-strong network of public fast chargers in the U.S. and Canada. The company will continue to provide an adapter for the CCS if customers wish to continue using the technology, the EV maker said. Tesla's recent deals represent major strides in displacing a rival standard, CCS, that earlier exclusively had the backing of President Joe Biden's administration. The government is offering $7.5 billion in funding to speed the deployment of EV chargers in the United States. Most automakers have shied away from building large charging networks as installing and maintaining chargers requires a substantial investment for still-limited returns. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Green Fisker Tesla Electric Infrastructure

Hybrid Tech just made $65 million from bankrupt Fisker loan

We can now see at least one possible reason for why Hybrid Tech Holdings LLC bought the US Department of Energy's loan to Fisker Automotive last year for $25 million. The purchase is apparently worth $90 million today. The number is part of a settlement agreement that has come out of the company's asset auction which was won by China's Wanxiang Group Corporation in February for $149.2 million. Hybrid Tech said that the secured DOE loan it owned was worth all of that $149.2 million, but the new agreement says that Richard Li's company is due $90 million instead. The rest of the money will be divvied up between the unsecured creditors (who will split $20 million plus $15 million in equity in Wanxiang affiliates) and "priority claim holders" ($8 million). Delaware media has been interested in the case since Fisker bought an old General Motors plant near Newport and now reports that the state does not expect to get a whole lot back from its $20-million investment. Fisker filed for bankruptcy in late 2012. The asset auction is officially known as "In re Fisker Automotive Holdings Inc., 13-bk-13087, U.S. Bankruptcy Court, District of Delaware (Wilmington)."