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Fisker signs deal with Foxconn to build EVs in U.S. in 2023

Henrik Fisker (Reuters)   DETROIT — Electric car maker Fisker has finalized its vehicle-assembly deal with Foxconn Technology Co Ltd, including plans to open a U.S. plant in 2023, the companies said on Thursday. The plant's location has not been identified, but Fisker Chief Executive Henrik Fisker said four states are under consideration, including Foxconn's plant site in Wisconsin. Foxconn Chairman Liu Young-way previously said electric vehicles (EVs) have a "promising future" in Wisconsin but did not elaborate. The annual capacity for the U.S. plant will be at least 150,000 vehicles to start, Fisker said. "When you look back at recent history and new technology products, they have been launched in the U.S. first," Fisker said in an interview. "That's why we want to launch here." He expects the U.S. market initially to be the biggest for the vehicle. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Fisker also cited access to Foxconn's supply chain, including semiconductor chips, as an advantage of the partnership. Fisker is one of a handful of EV startups that have gone public through a reverse merger with a special-purpose acquisition company (SPAC) at a time when U.S. President Joe Biden has called for $174 billion in new spending to boost EVs and charging. Under the Fisker deal, the companies will jointly invest in "Project PEAR" (Personal Electric Automotive Revolution) and share in any profit. The companies reaffirmed Foxconn will eventually build more than 250,000 vehicles a year for Fisker across multiple sites, with initial production beginning at its U.S. plant in late 2023 which it announced in February. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. "We have world-class supply chains in place to support Project PEAR — in particular, securing the reliable delivery of chipsets and semiconductors," Liu said in a statement. The vehicle type has not been identified by Fisker, but will be based on a new lightweight platform — FP28 — designed by both companies. The five-passenger vehicle, which will be sold globally and is the second model under development, will have a starting price below $30,000 before incentives. Fisker said the vehicle would be described by some as a crossover. Terms of the deal, which runs seven years, were not disclosed.

Bob Lutz named chairman at Via Motors

Bob Lutz is staying very busy. The ex-vice chairman of General Motors, and champion of the Chevrolet Volt, has been named chairman of the board at Via Motors. Lutz will need to squeeze that in between his role as senior advisor at vehicle interior designer Katzkin, being an owner at VL Automotive and perhaps as an advisor to Wanxiang and Fisker Automotive. Lutz thinks that Via's business plan of building extended range plug-ins is a smart way to go. "If we are going to see main stream adoption of electric vehicles, the technology must deliver a good return on investment to the largest segment of the auto business, namely trucks, vans and SUVs," Lutz said in a prepared statement, which you can read below. Lutz has decades of experience holding executive positions at some of the world's leading automakers and has spent the last few years working with green-focused start-ups. Lutz will replace Carl Berg, who served as chairman since Via's launch in 2009 and will continue to be the company's largest stakeholder. As Via's new chairman, we figure Lutz will continue bragging about the trucks' bells and whistles – such as its built-in solar panels that can add 10 miles of range to the battery pack if it's parked in the sun all day. ANN ARBOR, MI– VIA Motors announced today that auto legend, Bob Lutz, former vice chairman of General Motors and a board member of VIA Motors, was appointed Chairman of the Board of VIA Motors, maker of extended range electric trucks, vans & SUVs. Lutz is also known as the "father of the Chevy Volt" America's best selling electric vehicle. "VIA is fortunate to have the experience of one of the industry's foremost executives leading our board," said John Weber, VIA Motors, CEO. Mr. Lutz brings with him a passion for the evolution of the automobile, and decades of experience from his tenure in top executive positions at each of the world's leading auto companies, noted Weber. "I believe VIA is electrifying the right end of the business and is implementing a very sound business strategy," said Lutz. "If we are going to see main stream adoption of electric vehicles, the technology must deliver a good return on investment to the largest segment of the auto business, namely trucks, vans & SUVs. That's why I am so confident in VIA and I'm pleased to serve as Chairman," said Lutz. Lutz is replacing retiring chairman Carl Berg, who has served with distinction since VIA's launch in 2009.

Karma Revero refresh spied with carryover Fisker interior

The Karma Revero debuted last year, rising from the ashes of the Fisker Karma. Really, the Revero was little more than a Fisker with a fresh badge. As charming as the mustachioed face may be, it didn't do anything to set the car apart. A much-needed refresh is on the way, though how much it changes remains to be seen. Based on these spy photos, it doesn't look like much will change between the A and C-pillars. That goes for the interior, too. This might come as a bit of a disappointment, as the car has a slick interior design, but it sacrifices a lot in terms of ergonomics and space. On the outside, the Revero will get new front and rear fascias with new lighting and a longer hood. Don't expect too many changes to the powertrain. The GM-sourced turbo inline-four is paired with electric motors for a healthy 403 horsepower and 981 pound-feet of torque, though the sheer size and weight of the Revero means it's not particularly fast. Rumors suggest that the next Karma model, the Atlantic, will ditch the GM powertrain all together. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.