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Fisker and Lutz hot-rod the Karma as V8-powered Destino [w/video]

You didn't think Henrik Fisker was done with the Karma, did you? The father of that stylish hybrid is returning to the design, teaming up with Bob Lutz and Gilbert Villarreal to transform the hybrid into an all-American, eight-cylinder performance sedan. As you may recall, Lutz and Villarreal formed VL Automotive a few years ago with plans to retrofit Fisker Karmas with Corvette V8s, calling the reworked product the VL Destino. Now Henrik Fisker has signed on to the project as head of design and product strategy, with Lutz serving as chairman and Villarreal as CEO under the newly renamed VLF Automotive. The joint plan calls for swapping the hybrid powertrain out of the Karma and replacing it with the 6.2-liter supercharged V8 from the previous Corvette ZR1. In stock form, the LS9 makes 638 horsepower and 604 pound-feet of torque. The VLF Destino is estimated to hit 60 in 3.9 seconds and top out at around 200 miles per hour. That will make it a world-class performance sedan capable of tangling with the finest imports, but will be retrofitted right here in America – in Auburn Hills, MI, near the Chrysler headquarters where Lutz once occupied the big corner office. VLF Automotive is showing the revised Destino at the Detroit Auto Show alongside the Force 1. We're trying not to get too excited about the prospect of a Fisker sedan with American muscle, as the Destino is slated to retail for $229,000 – which is even more than Aston Martin, for example, gets for the Rapide S or Porsche does for a Panamera Turbo S. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. VLF AUTOMOTIVE IS BORN A New American Luxury Sports Car Company Is Born Auburn Hills, MI January 8, 2016 - VLF Automotive, a new, US-based luxury sports car company, officially launches today through a partnership between legendary automotive designer Henrik Fisker, former General Motors Vice Chairman Bob Lutz and entrepreneur and manufacturer Gilbert Villarreal. Fisker is a VLF shareholder and third member of the executive management team alongside Lutz and Villarreal. "It's a circle," Lutz explained. "When Gilbert and I formed VL Automotive in 2012, we wanted to take Henrik's beautifully proportioned design, replace the hybrid gas-electric power train with a Chevrolet Corvette ZR1 drivetrain, and create a bespoke four-door luxury car with outstanding performance.

New Fisker Karma will be pretty familiar

"It's all the same, only the names have changed," Jon Bon Jovi memorably sang, and it sure will apply to the next incarnation of the Fisker Karma. That's what the rumor mill says, anyway. A writer identified as JCMorrill on the Fisker forum Fisker Buzz says he (or she) has gotten some information by spending a "couple hours last week with the managers setting up the new factory." Anyone who liked the old Fisker Karma (perhaps not its creditors) will be pleased. That's because there doesn't seem to be a ton of changes in store for the extended-range plug-in hybrid, which is now known as Karma (China-based parent Wanxiang has ditched the "Fisker" badge, which remains attached to the coachbuilding company run by Henrik Fisker). The 2.0-liter powertrain will be the same, as will that 33-mile all-electric range and 240-mile total range. The company's not going to mess much with the sedan's sleek looks, either, according to the Tuesday post on Fisker Buzz. The brakes will actually be downgraded a tad, and the dash displays will be updated. There will be some driver-assist features added, including some braking and cruise-control features. Given that the new car will sport a price tag estimated to be $135,000, there better be. The Fisker Karma was last produced in 2012 before the company went bankrupt. Wanxiang acquired the company's assets in 2014. Rechristened Karma Automotive last year, the company has built a Southern California factory and could re-introduce the model as soon as some time later this year. Meanwhile, Mr. Fisker himself said earlier this year that he was teaming up with Bob Lutz and Gilbert Villarreal to re-imagine the Karma as a high-performance sedan powered by the 6.2-liter V8 Corvette ZR1 engine. The collaboration, called VLF Automotive, showed off the latest version of their alternative Karma at the Detroit Auto Show and said at the time that the car would retail for a cool $229,000. News Source: Fisker Buzz via Green Car Reports Green Rumormill Fisker Hybrid extended-range plug-in karma karma automotive

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.