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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.

See the Fisker Ocean electric crossover on video for the first time

We’ve already seen the Fisker Ocean crossover in the flesh at its global debut at CES 2020, but, as always, that was just the beginning of its story. Fisker had planned on bringing its new electric car to the Geneva Motor Show, but, sadly, the entire expo was canceled on account of coronavirus concerns. Nonetheless, Fisker still had something to deliver to those intrigued by the eco-friendly EV — which has a relatively sane starting price of $37,499 — including more details, new photos and even some running footage of the Ocean testing at the track. With this latest PR salvo, we learn more about the OceanÂ’s underpinnings. It uses a multi-link rear suspension to help bolster its sporting chops, packaged to save space and provide more room for cargo in the trunk. Fisker says this multi-link is mounted on an isolated subframe in order to reduce vibration and noise, so that handling doesnÂ’t come at the cost of comfort. As for efficiency, Fisker describes an aerodynamic system that aims to balance minimizing drag with optimized cooling. The novelty is less in the concept than the approach. The air flowing toward to radiator is regulated by a computer in order to maximize driving range. In terms of safety, Fisker highlights the OceanÂ’s structure, which was designed with special focus on protecting the battery pack during side-impact crashes. So, yeah, thatÂ’s not a ton of new info. WeÂ’re not surprised, as weÂ’ve expected Fisker to feed us details of the Ocean crumb by crumb until its actual production launch in the last quarter of 2021. WhatÂ’s perhaps more interesting than the completely expected attention to comfort, efficiency and safety is that this release give us our first look of the Fisker Ocean actually driving: To recap earlier coverage, the all-electric Fisker Ocean will offer up to 300 miles of range on a charge from its 80+ kWh battery, and all-wheel drive will be offered on all but the base model. The Ocean can add 200 miles of driving range in 30 minutes on a 150-kW DC charger. It will offer up to 250 kW (335 horsepower), but a more powerful performance version will be detailed at a later date, targeting a 0-60 time of 2.9 seconds. The Ocean is 182.7 inches long, 76 inches wide, and 63.6 inches tall, with a cargo volume of 20 cubic feet that expands to 25 with a parcel shelf, and a max volume of 45 cubes with the rear seats down. The base model will have 20-inch wheels, with 22-inchers available.

US Senate authorizes DOE green car loan program [UPDATE]

Tesla Motors' crush of Model 3 reservations is fresh in everyone's minds, while Fisker Automotive (or at least its bankruptcy) is a distant memory. That's one explanation for a US Senate with a Republican leadership at one time bashed the Department of Energy's loan program for green-vehicle makers but now, under bipartisan support, the Senate has OK'd about $1.6 billion more to push forward green-vehicle technology, according to Hybrid Cars. The Senate voted to authorize a $1.6-billion federal program. The US Senate voted by about a seven-to-one margin to authorize a $1.6-billion federal program for the DOE's Vehicle Technologies Office program housed under the Office of Energy Efficiency and Renewable Energy (EERE). This is a different program from the Advanced Technology Vehicle Manufacturing (ATVM) program, which was last funded in 2007. The feds have been green-lit to spend $339 million per year through 2020 to speed up the development of advanced-technology vehicles. The mission: to get the US new light-duty fleet to meet the Corporate Average Fuel Economy (CAFE) mandate of a 54.5 miles per gallon average (which is a real-world average of around 40 mpg) by 2025. Four automakers received funding from the ATVM program in the first go-round. The list was: Tesla, Fisker, Ford and Nissan. Specifically, Tesla was loaned $465 million in 2010, and paid that loan back in 2013 – about nine years ahead of time, with interest. On the flip side, the Department of Energy was slated to loan extended-range plug-in vehicle maker Fisker $528 million, but Fisker only received $192 million before the spigot got shut off because of missed deadlines. Fisker collected enough cash to pay down some of the debt, but the government still was stuck with $168 million unpaid. And that got washed out in Fisker's 2013 bankruptcy. Nissan was awarded $1.4 billion and Ford got $5.9 billion. Senator Gary Peters (D-Michigan), one of the authors of the new bill, issued a press release about the new funding, which you can read here. The new ATVM program will also target automotive suppliers. UPDATE: This post has been updated. We inaccurately said that the ATVM had been re-authorized. In fact, the ATVM loan program "has $16 billion in remaining loan authority for automotive or component manufacturers for reequipping, expanding, or establishing manufacturing facilities in the U.S.