2023 Fisker Ocean One on 2040-cars

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Karma's new China plant will revive Fisker Atlantic

Karma Automotive, the successor to high-end extended-range plug-in vehicle maker Fisker Automotive, is planning a factory in China that will make as many as 50,000 vehicles a year. The company is owned by China-based Wanxiang Group and has also reached agreements for 10 North American dealerships. Most impressively, there appear to be plans to revive the two-door "Atlantic" model that was planned by Fisker but never saw the light of day. Wanxiang Group will invest $375 million to build the factory in Hangzhou, Bloomberg News reports. No completion date has been set by Wanxiang, which Bloomberg said last year was China's biggest corporate investor in US real estate. Wanxiang acquired the former Fisker out of bankruptcy in 2014 for about $149 million, and renamed the company Karma. The four-door vehicle model that was previously known as the Karma will be relaunched as the Revero later this year. Karma Automotive also has a 550,000-square-foot factory in Moreno Valley, California, near Los Angeles. The wrinkle to the new factory, though, is that most of the cars produced there will be the two-door Atlantic. That model was unveiled in 2012, but Fisker never made good on its plans to start selling it to the public, and went bankrupt the following year. Karma said Monday that it reached agreements to relaunch its automobile line with 10 dealerships throughout North America, where it will sell the four-door Revero. The North American markets will be Atlanta, Chicago, Ft. Worth, Miami, Palm Beach, Los Angeles, Philadelphia, Detroit, Montreal, and Toronto. Karma is also planning to build an Orange County Brand Experience Center in Southern California, but it didn't reveal further details about that facility. Related Video: Featured Gallery Fisker Atlantic: New York 2012 News Source: Bloomberg News, Karma Automotive Green Plants/Manufacturing Fisker wanxiang atlantic fisker atlantic extended-range plug-in karma karma automotive

Got a Fisker Karma? Hack it for more driving options

We've already touched upon the ability to hack into the software of the BMW i3 battery-electric vehicle in order to change some of the preset driving modes. One of the issues there, though, was the risk of voiding the car's warranty. If you were do something similar to a Fisker Karma extended-range plug-in, the warranty thing probably won't come into play since the company went broke and is now, slowly being reborn. The hacking-inclined can access four new driving modes for the Karma, according to the Fisker community site Fisker Buzz. There's "EV mode" that simply depletes the battery regardless of how much fuel is in the range extender. "Sport mode" runs the battery at full power up until 60 percent state of charge (SOC). "Stealth mode" will hold any SOC and ER will increase the SOC to 90 percent full. If you'd like to watch blurry cell phone videos rather than read, there's an incredibly short YouTube clip above that apparently shows the driver accessing those additional drive modes. Poster PowerSource says that the new modes are turned on with a simple plug-in module: The enhancement will not modify any of the existing OEM software in the vehicle. Our solution is plug and play hardware that adds functionality. To put the vehicle back to stock you simply unplug the module, to add the functionality you simply plug in the module. Fisker does not have the capability to overwrite our software since its on our physical module. Fisker is in the process of rising from its bankrupt-induced ashes. The company went belly up in 2013, the year after it stopped making the last of its approximately 2,600 high-end Karmas. Last year, China-based Wanxiang bought out the company's assets for a tidy $149.2 million. And this year, the company is operating offices in Orange, County, CA, and is in the process of building a factory in Moreno Valley, CA, about 60 miles east of Los Angeles. Its new model will look a lot like the Karma but will be called the Elux. We're not sure how many drive modes it will have. Related Gallery 2012 Fisker Karma: Second Drive View 30 Photos News Source: Fisker Buzz Green Fisker Electric hacking software karma

Fisker lost track of millions of dollars in customer payments for months

Fisker temporarily lost track of millions of dollars in customer payments as it scaled up deliveries, leading to an internal audit that started in December and took months to complete, TechCrunch has learned. The EV startup was ultimately able to track down a majority of those payments or request new ones from customers whose payment methods had expired. But the disarray, which was described to TechCrunch by three people familiar with the internal payment crisis, took employees and resources away from Fisker’s sales team at a time when the company was attempting to save itself by restructuring its business model. Fisker struggled to keep tabs on these transactions, which included down payments and in some cases, the full price of the vehicles, because of lax internal procedures for keeping track of them, according to the people. In a few cases, it delivered vehicles without collecting any form of payment at all, they said. “Checks were not cashed in a timely manner or just lost altogether,” one of the people told TechCrunch. “We were often scrambling to find checks, credit card receipts and any wired funds a few months after a vehicle was sold.” Alongside the internal audit, outside auditor PwC was asking Fisker for more documentation about its vehicle sales as part of the process of putting together the company's annual financial report, according to two of the people. Fisker was often unable to provide satisfactory documentation, leading to more requests from PwC. “Paperwork being collected wasnÂ’t always being collected in full, or sent to the same places,” another one of the people said. These sources requested anonymity because they were not authorized to talk to the press about internal matters. This internal confusion put the company in a position where it couldnÂ’t accurately say how much revenue it had generated, according to the people, who noted it is one of the reasons Fisker has yet to file its annual financial report for 2023. Tracking down the payments may wind up offering little solace to the startup, which is on the brink of bankruptcy. Fisker has paused production of its only vehicle, the Ocean SUV, after running into trouble meeting internal sales goals and struggling to support customers dealing with a number of quality problems. It has alerted investors that it may not be able to continue operations without a fresh infusion of cash.