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Recharge Wrap-up: Karma expands in Michigan, Genovation to attempt another record

Karma Automotive (Fisker's successor) is expanding its engineering and program management team at its new Michigan office as it plans to launch the Revero. "Detroit is the home of some of the top technical resources and leading suppliers in the world," says Karma VP of Engineering Darren Post. Recent hires include former Ford GT engineer Kip Ewing, newly appointed President & Chief Operations Officer Dennis Dougherty, and other employees who "bring with them expertise in many technical areas and deep experience with many great companies such as Aston Martin, Rolls Royce, Tesla, Ford, FCA, and GM," according to Post. Read more in the press release from Karma. Businesses and developers in Phoenix, Arizona are planning their endeavors around the city's light rail project. Mixed use space The Newton, DeSoto Central Market, and Luhrs City Center are all located along the Valley Metro rail line. Not only does the light rail system help bring in customers, it is also a great way for employees to get to work. Valley Metro recently gave a tour of several businesses to highlight how light rail has been an important part of growth and development in the city. Read more at Mass Transit. Genovation is looking to set a new speed record for a street-legal electric car. The company recently set a record of 186.8 miles per hour in its GXE (Genovation eXtreme Electric car), which uses the frame and body of a Chevrolet Corvette. Now, Genovation is looking to push those limits further. We'll update you when we have more details, but for now, read more in the note below. Genovation Looks to Set Second World Speed Record With Proprietary All-Electric Vehicle WHAT: Genovation Cars is looking to make history once again by breaking the top speed world record for a street legal all electric car. Genovation currently holds the world record, achieved on February 23, 2016 by reaching a top speed of 186.8 mph with its GXE (Genovation eXtreme Electric car). Genovation's custom vehicles combine cutting edge green technology with the Corvette's lightweight frame and aerodynamic body that allow the vehicles to reach record-breaking speeds. The record breaking attempt is open to select media with advance security clearance. Join us to learn more about Genovation Cars and the behind-the-scenes work that goes into building the fastest all-electric vehicle on the planet.

Henrik Fisker says he's developing EVs in 'stealth mode'

VLF Automotive added a second model to their small lineup earlier this year. While the Force 1 sports car continued the company's tradition of cars with big displacement gas engines, a story by The Detroit News reveals that corporate partner Henrik Fisker isn't done with electric cars. The story is basically an inside look at how the company operates along with some insight on the company from Bob Lutz, one of the founders, and Henrik Fisker. However, among general comments about the company, Fisker told Detroit News that he's "definitely working in stealth mode on electric cars of the future." The news outlet also reported that Fisker said he's nearing a battery breakthrough and there might be a future electric VLF bearing his name. His interest in continuing with EVs is consistent with past statements, but this is the first we've heard of him actively working on electric car technology. Fisker wanting to stay under the radar in regards to electric car development is also understandable. His previous self-titled car company showed promise with the beautiful Karma plug-in hybrid, but it went bankrupt and was sold off to a Chinese car company. The Chinese company renamed itself Karma and is planning on selling cars again soon. Fisker's other interim automotive ventures have been met with mixed success. He teamed up with Galpin Auto Sport to create a custom Aston Martin Vanquish and Ford Mustang. The former resulted in a lawsuit from Aston, and the latter had polarizing styling. Setbacks clearly don't discourage Fisker though, and he even has plenty of things outside of VLF to keep him busy. He's currently working on a yacht for boat-builder Benetti, and he told The Detroit News he even has an idea for a TV show about building cars. For more on Fisker and VLF, check out the whole Detroit News story here. Related Video: Featured Gallery VLF Force 1 V10: Detroit 2016 View 17 Photos News Source: The Detroit NewsImage Credit: Drew Phillips Green Fisker Automakers Electric Future Vehicles Henrik Fisker karma karma automotive vlf automotive vlf

Fisker Pear will be built at Foxconn's Lordstown Motors plant

Shares of Lordstown Motors surged over 23% in trading before the bell on Thursday after the electric vehicle startup said it had closed the deal to sell its Ohio facility with Taiwanese contract manufacturer Foxconn. The Taiwanese firm confirmed it will also make Fisker's Pear compact car model from 2024 alongside the Endurance at the Ohio facility. The deal closure buys Lordstown Motors some much needed breathing room and gives production of its electric pickup a chance at success, said Danni Hewson, analyst at AJ Bell. "Building electric vehicles is an expensive business at the best of times. Right now the supply crunch is making life incredibly difficult and Lordstown Motors and its shareholders will be feeling a rather heady sense of relief today," added Hewson. Setting up manufacturing lines for electric vehicles is a capital intensive process and startups in the past have struggled to raise sufficient capital to mass produce vehicles. Foxconn will now manufacture Lordstown Motors' Endurance electric pickup truck which will go into production in the third quarter of the year and be in the hands of customers in the fourth quarter. Lordstown Motors will retain some assets including its hub motor, battery assembly lines and intellectual property. The company said the deal closure results in $260 million of proceeds, including the reimbursement of certain operating and expansion costs. The stock fell over 95% from its high of over $30 per share in September 2020, weeks after going public through a merger with a blank check company. It is currently trading under $2. Reporting by Akash Sriram and Bansari Mayur Kamdar in Bengaluru; Editing by Krishna Chandra Eluri Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.