2023 Fisker Ocean on 2040-cars

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Fisker becomes Karma Automotive

Meet the new boss. It's not the same as the old boss. This is the new Fisker Automotive, which has just changed its name to Karma Automotive. The new Karma Automotive says that this name has always been a part of the brand. On the company's new website (which you can access from either the new karmaautomotive.com URL or the previous URL, thenewfisker.com), it says that, "It's a name that respects our past, while simultaneously reinventing our future." That future theme is splashed across the new site. Here's more from the "Why Karma?" section: "We don't have to do things as anyone has done them before. What's important is that we act with intention." As for the company's new logo, there's a hidden message. The new emblem has, "An imperfect ring, representing constant effort towards unattainable perfection, encircling the earth. With a spark of sun, the eternal symbol of endlessly renewable energy. Inner cut lines represent our three brand priorities." Those priorities are to be beautiful, clean, and memorable. Of course. As we learned back in 2014, the logo for Fisker Automotive was the property of Fisker Coachbuild, LLC, and was used under license by Fisker Automotive. As longtime Fisker fans likely know, the original logo represented co-founders Henrik Fisker and Bernhard Koehler standing on the shore of the Pacific Ocean. Henrik Fisker is not involved with the current owner of the Fisker brand, Wanxiang, so the name change makes sense. It was previously rumored that Wanxiang would drop the Fisker name in favor of Elux. Turns out, only half of that rumor appears to be true. The relaunched plug-in hybrid might start production in the middle of 2016. Fisker Automotive Reveals New Name And Logo Karma Automotive - honors iconic design and communicates future direction COSTA MESA, Calif., Sept. 30, 2015 /PRNewswire/ -- Fisker Automotive and Technology Group announced a name change today to Karma Automotive. The company also launched its new website, including a video that reveals its new logo at karmaautomotive.com. "With new ownership, a new management team, and a new production site, all here in California, it was time to communicate change," said James Taylor, Karma's Chief Marketing Officer. "Karma" was chosen because it is relevant to both the old and new brands, while providing an aspirational message which embodies the company's purpose. "Karma is based on the principle of cause and effect, where your actions create your future.

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)."

Fisker Ocean shows its Revolve infotainment screen

Fisker Automotive is finally spotlighting a feature that got talked about at the global debut of the Ocean SUV at last year's L.A. Auto Show, but we didn't see in action. It's called Revolve, and does just that to the Ocean's 17.1-inch infotainment screen. Vertical orientation is called Control Mode, when occupants are using the screen for all of the typical infotainment purposes. At what we imagine is the press of a button, the screen rotates 90 degrees clockwise to enter what's referred to as Hollywood Mode, wherein its 16:9 aspect ratio would make it ideal for watching movies and playing games. Screen sounds get piped through a 16-speaker audio system. The cinematic rotation can only be had while parked, we're told. Buyers who want the presto-change-o viewing options might need to step to the top of the Fisker Ocean range; we know Revolve will come standard on the top Extreme trim. It will also be included with the Ocean One, but that model is limited to the first 5,000 units built. The series production Extreme starts at $68,999 before destination, comes with a dual-motor AWD powertrain putting out 550 horsepower, and is expected to get more than 350 miles on a charge. It's unclear at the moment whether the entry-level Ocean Sport and midgrade Ocean Ultra will offer Revolve as an option. When in Control Mode, the screens will be running a custom infotainment software Fisker is developing with Japan's Sharp Corporation, running on screens developed just for Fisker's line of vehicles. The company said, "Our collaboration with Sharp is set to create exciting new automotive display systems, featuring innovative backlight solutions to improve illumination without increasing power consumption – in addition to class-leading resolution, bezels, and design." The Ocean is slated to enter production at a Magna Steyr facility in Austria in November. If history is a guide, initial deliveries will prioritize more expensive reservations.  Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Henrik Fisker interview, and driving the Polestar 2 | Autoblog Podcast #643