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Henrik Fisker reveals the face of his upcoming electric vehicle

Henrik Fisker, once again, took to Twitter to release another image of his new company's, Fisker Inc., 400-mile electric vehicle. This time, the Tweet revealed the front end of the upcoming car. The picture, which has the patina of old video game CGI, hints at a design more likely to be seen on a Matchbox car instead of an actual street-legal vehicle. According to Fisker, the front of the car is heavily influenced by aerodynamics. Besides the grille-less front end, a feature also found on the refreshed Tesla Model S, the vehicle is fitted with adaptive LED headlights, as well as a centrally-located radar and camera sensor combination. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. A few days ago, Fisker Tweeted out a side profile of the vehicle with its gorgeous dihedral doors. It was a promising tease for the rest of the design. But the reptilian front end looks doesn't really do anything for this writer. It's almost hard to believe that the same man that created this vehicle also designed the Aston Martin DB9 and Aston Martin V8 Vantage. The upcoming electric car from Fisker Inc. is meant to serve as a "spiritual successor" to the now-dead Fisker Karma (and resurrected as the Karma Revero). Other than revealing that the vehicle will have butterfly doors, Fisker stated the car will be "sporty and spacious" and not much else. The new car, which is expected to come out late next year, will be the first for Fisker Inc. and will have battery technology from the company's own division – Fisker Nanotech. Related Video: News Source: @FiskerOfficial Design/Style Green Fisker Electric Future Vehicles Sedan Henrik Fisker nanotech fisker inc

Fisker will borrow $5M from Wanxiang as interim solution

It may seem like a drop in the bucket compared to the approximately $1 billion in liabilities bankrupt automaker Fisker Automotive has against it, but every bit helps. In this case, it's a smidgeon less than $5 billion. That's how much the maker of the Karma extended-range plug-in is getting approved to borrow from its presumed future owner, Wanxiang Group. It's a start. A US bankruptcy court judge said Wanxiang could loan Fisker $4.98 million for interim financing purposes while the China-based company waits to get antitrust clearance from the US government to buy the now-dormant California-based company, Bloomberg News says. Fisker is seeking another $10.5 million in loans via a debtor-in-possession loan. After that, things get real interesting as everyone from the state of Delaware to General Motors to Finland's Valmet Automotive and more than 600 other entities have gotten in line to collect on what's alleged as $985.4 million in debt. Last month, Wanxiang won a bid against Hong Kong-based Hybrid Tech Holdings for Fisker, which hasn't made any Karmas since mid-2012. Wanxiang will pay $149.2 million, including $126.2 million in cash and $8 million in assumed liabilities, for Fisker. The automaker filed for bankruptcy last November and Wanxiang bounced the company back as the The New Fisker this week.

BMW's EV tech is being used to resurrect the Karma

Saying that luxury electric-vehicle manufacturer Fisker was beleaguered before its demise a few years back would be a gross understatement. But despite the cars self-immolating and Tesla CEO Elon Musk criticizing everything but the Karma's design, a Chinese auto parts manufacturer is resurrecting the brand under a different name: "Revero." That's according to a report from Wall Street Journal. Wanxiang Group is moving production to EV-hotbed California from Finland and will unveil its new ride either in July or August, but pricing hasn't been announced yet. The previous Karma sold for $100,000. Perhaps most interesting, though, is how it's going to address the reliability issues that plagued the company's predecessor. WSJ says that the automaker is licensing BMW's electric vehicle control and charging systems – a deal finalized last year. "There are huge, serious, major upgrades throughout the electronics systems, wiring, charging, battery," Karma's chief marketing officer Jim Taylor says. In terms of looks, though, it doesn't sound like you should expect anything to change in that department because the overhauls aren't going to be visible, according to Taylor. Wanxiang picked up Fisker's remains for $149 million a few years back. This deal is important, especially for BMW: If the German automaker's licensed tech can help Fisker outrun its smoky, checkered past, that's a high-profile win for everyone involved. Related Video: This article by Timothy J. Seppala originally ran on Engadget, the definitive guide to this connected life. News Source: Wall Street Journal Green BMW Fisker Electric Future Vehicles Special and Limited Editions Performance Sedan transportation gear karma revero