Fisker Other, page #16

Auto blog

Bob Lutz predicts Fisker-based VL Destino will world's fastest sedan [w/video]

Ever look at an EV or a dedicated hybrid and wonder what it'd be like with a conventional, high-output V8 under the hood instead of all those batteries and circuit boards? Bob Lutz and Gilbert Villareal did when it came to the Fisker Karma. The result is the Destino from VL Automotive – a vehicle that Lutz says could be the fastest sedan in the world. The Destino was born like a phoenix rising from the ashes of Fisker Automotive and its shapely Karma – an aborted and very costly attempt at making a dedicated hybrid luxury sedan, undertaken by noted automotive designer Henrik Fisker. The project ultimately faltered, but Lutz and Villareal formed VL Automotive to pick up the pieces and put it back together. Only when they did, they got rid of the hybrid propulsion system and replaced it with the 6.2-liter supercharged LS9 V8 from the previous Corvette ZR1, mated to a six-speed automatic transmission. With 630 horsepower, a svelte shape and 1,000 pounds trimmed off the curb weight, the VL Destino is expected to top out at or around 200 miles per hour. According to Lutz in his article for Fortune magazine, that would make it "among the fastest four-door cars in the world," but in the accompanying video below, he goes even further to say that the the Destino "most likely will be the world's fastest four-door sedan." To claim the top honor, though, it'll have to vanquish the 204-mile-per-hour Dodge Charger SRT Hellcat – another four-door sedan with a supercharged V8 made by an American automaker... one over which Lutz used to preside, no less. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Galpin and Henrik Fisker to unveil 'Ultimate American Muscle Car' in LA

When Henrik Fisker appeared on the 2014 Los Angeles Auto Show presentation schedule with back-to-back debuts with Galpin Auto Sports and Galpin Motors, we were rather intrigued. Especially when rumors suggested that the project with GAS would be the "Ultimate American Muscle Car." That gossip has turned out to be entirely true, and we have gotten our first glimpse at Fisker's latest design, dubbed the Rocket. Details are still incredibly scarce, but we now know that the Rocket boasts a body made from carbon fiber. The actual reveal is scheduled for the LA show on November 20 at 11:05 AM PST. Making the claim of the Ultimate American Muscle Car, obviously, sets expectation sky high, and its too early to say if the Rocket lives up to them. The general shape of the sketch looks fairly Mustang-like, even with the huge fender flares and big wing. Given Galpin's claim as the world's largest volume Ford dealer, a 'Stang might make sense as a starting point. Although, the teaser indicates Fisker has some very aggressive changes in style in mind, as well. There's no word about the other vehicle Fisker is working on for the show, but he reportedly wants to keep it a secret before the reveal. Scroll down to read the brief teaser about the Rocket. GALPIN AUTO SPORTS AND HENRIK FISKER TO DEBUT ULTIMATE AMERICAN MUSCLE CAR AT 2014 LOS ANGELES AUTO SHOW Carbon Fiber-Bodied Car Named "Rocket" To Be Unveiled Nov. 20 at 11:05AM LOS ANGELES (November 11, 2014) – Galpin Auto Sports and Henrik Fisker today announced they will debut their carbon fiber-bodied "Ultimate American Muscle Car" (rendered below) at the 2014 Los Angeles Auto Show during a short press conference on Thursday, November 20 at 11:05AM in Concourse Hall of the Los Angeles Convention Center. Additional details will be forthcoming, closer to the vehicle's debut. About Galpin Auto Sports Galpin Auto Sports, located at 15600 Roscoe Blvd. in Van Nuys offers customizing and personalizing services on all new and pre-owned vehicles including collector and classic cars. For more information on Galpin Auto Sports' unique products and services, please visit the website at www.galpinautosports.com. About Galpin Motors Galpin Motors, home to the world's largest volume Ford dealership for the 24th consecutive year, was founded in 1946 and is headquartered in Los Angeles' San Fernando Valley.

Fisker, Quantum pairing up to relaunch Karma PHEV

The upcoming relaunched Fisker Karma will look a lot like the old one. Turns out, the brains of the car will share a lot with the old Karma as well. Fisker (and its new owner, Wanxiang) and Quantum Technologies have announced a deal worth over $5 million. Quantum is going to license its plug-in hybrid control software to Fisker in exchange for $2 million this month and another $2 million a year from now. The first payment will be used to get the software into the relaunched Karma and the next payment is for "Fisker Auto Group's planned Atlantic vehicle line." Fisker has the option to pay more by October 27, 2016 to "acquire joint-ownership of the hybrid control software for the Karma, Atlantic and future platforms." There's another part of the deal worth "approximately $1.35 million" for software development services over the coming year. If this all has a somewhat familiar ring to you, you might be thinking about the $10.2 million that Fisker gave Quantum five years ago to develop the PHEV powertrain when it was still called the "Q-Drive plug-in hybrid system." The fact that we're talking about a relaunch now tells us something about how that all turned out. Maybe it'll be better this time, if those 250 bugs get squashed. Quantum Technologies Enters into License Agreement with Fisker Automotive and Technologies Group LLC to provide Plug-In Hybrid Control Software to Support Re-Launch of the Fisker Karma Vehicle - Control Software Agreement to provide Quantum with more than $5.0 million over the coming year - Control software license to cover Fisker Karma and Atlantic series with option for joint-ownership for these and other future platforms LAKE FOREST, Calif., Nov. 3, 2014 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. ("Quantum") (NASDAQ: QTWW), a global leader in natural gas storage systems, integration, and vehicle system technologies, today announced it has entered into an agreement with Fisker Automotive and Technologies Group LLC ("Fisker Auto Group") pursuant to which Quantum will license its plug-in hybrid control software to Fisker Auto Group and, in return, will receive an initial payment of $2.0 million on or before November 27, 2014, and a second payment of $2.0 million on or before October 27, 2015.

Fisker and Galpin Auto Sport to introduce 'Ultimate American Muscle Car' in LA

Henrik FIsker is stepping back onto the stage at a major auto show. We just aren't exactly sure what he's doing there yet. The mysterious news comes courtesy of the press conference listing for the 2014 Los Angeles Auto Show. It shows Fisker in back-to-back presentations to debut vehicles on November 20 from 11:05 to 11:30 AM. The first is with Galpin Auto Sports, and the second is with Galpin Motors, which seems to indicate two different models. From what Autoblog has learned, the project with GAS is being dubbed the "Ultimate American Muscle Car," but there's no indication about what that means yet. Even less is known about the other model, and Fisker reportedly wants to keep things a secret before the show. While the information is certainly scant at the moment, we're intrigued by the possibilities. Fisker certainly knows how to pen an attractive vehicle – just look at his work on the BMW Z8, his term at Aston Martin and even the Fisker Karma. In addition to that, GAS is no slouch in the performance department, what with vehicles like its 1,058-horsepower GTR1, based on the Ford GT. News Source: LA Auto ShowImage Credit: Peter Foley/Bloomberg via Getty Images LA Auto Show Fisker Performance Henrik Fisker la 2014 galpin

Former Fisker CEO has some advice for Tesla Motors

Former Fisker Automotive CEO and ex-Chevrolet Volt vehicle-line director Tony Posawatz has some words of caution for Tesla Motors. The long-time automaker executive questions the California automaker's long-term viability – and gives some praise – in a talk with Benzinga, which you can listen to below. While the all-wheel-drive D that Tesla unveiled earlier this month in Southern California wowed a packed crowd, Posawatz (starting at around minute 4:45 in the interview) says Tesla would've been better off taking the resources it expended toward that Model S upgrade and directed them towards speeding up the development of a more affordable plug-in. Perhaps a number of investors agreed, since the company's stock fell the day after the D was announced. Posawatz says Tesla has been over-reliant on the sale of ZEV credits. Posawatz also says that Tesla has been over-reliant on the sale of zero-emissions vehicle credits in California for its earnings and questions whether the automaker will ever work at a large enough scale to sufficiently drive down costs and make consistent profits. Tesla CEO Elon Musk would take issue with this characterization. Posawatz first made his mark in the plug-in vehicle world when he was the vehicle-line director at General Motors for the Volt extended-range plug-in from 2006 to 2012. Later that year, he joined extended-range plug-in maker Fisker Automotive as its CEO, though quit that job during the summer of 2013 as the company was descending into insolvency. He joined the Electrification Coalition this past March. News Source: Benzinga Green Chevrolet Fisker Tesla Electric PHEV Tony Posawatz

New Fisker Karma will look a lot like the old one

Fisker Automotive appears to be wrangling up its proverbial ducks and properly aligning them again after halting production nearly two years ago. After filing for bankruptcy, the Chinese company Wanxiang, like an angel made of money, scooped up the maker of the Karma range-extended electric sports car for the sizeable sum of $149.2 million. Now, Wanxiang is looking to relaunch the Karma by early 2015, and the car that we see upon its revival will likely look quite familiar. An insider who wished to remain anonymous told Automotive News the new Karma "will have to be nearly identical to the 2012 model." Hoping to relaunch quickly, the company doesn't have the luxury of undergoing new safety testing and certification that would be required if it made major changes to the car. Also, the less engineering that needs to be done and the more old parts Fisker can take advantage of, the better. However, another person close to the project paints a slightly different picture of the new Fisker Karma. "The new Karma will be different in many key areas," said the unnamed source, without giving specifics. "It will have noticeable upgrades." Throwing a possible wrench in the works are Fisker's old suppliers, who are none too pleased about being left behind when the automaker stopped making cars. Many ended up clearing out the tools they were using to make parts for the Karma. With the time that has passed, one critical supplier suggests that the new Karma might be a bit stale, stating, "You're not buying something that's considered 'state of the art' necessarily." Still, with only about 1,800 Fisker Karmas having been sold before the disruption, the renewed model, similar as it may be to the old, will still seem fresh to all those eyes that haven't yet beheld the sleek EV. Even if, as some worry, it takes a bit longer to get production back on track, there's sure to be many happy to see the new car (and even some of the old ones) on the road.

New Fisker Karma spare parts coming soon

It's easy to fall in love with the Fisker Karma based on looks alone. Figure in the luxury interior, electric drivetrain, and the convenience of the extended range, and it's hard to fault anyone who took the plunge and plunked down their hard-earned dollars for this swank green machine. Things go wrong, sure, as they do with any vehicle, but when the company goes bankrupt and you can't get the parts to get your car running again, let's just hope you really like the way it looks in your garage. Fisker's new owner, Wanxiang, has some welcome news. "The Fisker team is settling and still negotiating with over 300 suppliers," says Linyun Frank Qi, Fisker Coordinator at Wanxiang America, in a note to the Fisker Owners Club. "Most of them are good to go now which means we will soon have access to all the parts and also means you will soon have access to them too." Qi says he had an accident of his own in the company show car, which is still in the shop, so he can empathize with other Karma drivers. Wanxiang, a highly profitable auto parts company, bought Fisker earlier this year, along with its battery supplier A123 Systems. The company says it has grown the Fisker team from 20 to 80 people in recent months. The news that parts will soon be available could also be evidence that Fisker is closer to beginning production of the Karma again. Fisker bought an old GM plant in Delaware as part of the deal to purchase the company, and has said that there is a "50-50" chance of building cars in the state. It also wants to build a second model beginning in 2017.

New Fisker owner Wanxiang is a $23-billion-a-year auto parts company

If you thought early Fisker Karma buyers like celebrities Leonardo DiCaprio and Cee Lo Green had deep pockets, get a load of the company's new owners. China's Wanxiang Group, which earlier this year acquired the extended-range plug-in vehicle maker in a bankruptcy auction, generates more than $23 billion in annual revenue, Automotive News says. Billion with a "b." In fact, the company generates about $3 billion a year from US autoparts sales alone, so it's no stranger to the domestic automotive industry. That said, there's plenty of work to be done to revive the company. Wanxiang US chief Pin Ni said the Karma has "hundreds of issues" that need fixing before the sleek but troubled sedan is manufactured again. One hurdle cleared, though, is the fact that Wanxiang also bought lithium-ion battery maker A123 Systems out of bankruptcy for $257 million. As for Fisker, Wanxiang beat out Hong Kong-based Hybrid Tech Holdings for the right to buy the automaker earlier this year for $126.2 million in cash and $8 million in assumed liabilities. And, while Wanxiang Group Chairman Lu Guanqui has recently been making the rounds with dignitaries such as US Vice President Joe Biden, Michigan Governor Rick Snyder and Delaware Governor Jack Markell, no details have been revealed about when Fisker will start making cars again.

Fisker's new owner working out Karma's 250 'bugs' before introducing second model

Fisker may be down, but it might not stay down forever. The company behind the Karma luxury hybrid shut down late last year and was purchased by Chinese OEM supplier Wanxiang Group, which intends to restart production. It just can't tell us when. Speaking with Automotive News Europe, Wanxgiang executives indicated they have some work on their hands, sorting out 250 "bugs" it has found in the existing Karma. Once it has those sorted out, it plans to start production again at the Valmet plant in Finland before potentially moving assembly to the plant in Delaware that Fisker had acquired from General Motors. The executives were touring the United States to inspect their battery factory in Michigan, visit the plant in Delaware and meet with government officials in Washington. Wanxiang apparently has even bigger ambitions than that, however. The latest news is that it intends to expand the rebooted Fisker with a second model sometime in 2017. The company has not provided any details as to what that form that model might take, but prior to its bankruptcy, Fisker displayed a smaller concept sedan called the Atlantic at the 2012 New York Auto Show. Fisker had previously revealed the Surf wagon and Sunset convertible concepts based on the Karma as well, but there's no telling at this point if Wanxiang has any intent on putting those into production any time in the near future.

New Fisker owner ready to go broke building EVs, challenging Tesla

Now this is the kind of fighting spirit we like to see. Lu Guanqiu is a Chinese billionaire who has visited the White House alongside Chinese president Hu Jintao in 2011. He's worth an estimated $3.1 billion. And he wants to take on Tesla Motors and other EV makers with his newly purchased company, Fisker Automotive. Lu is the chairman and founder of China's Wanxiang Group Corp., which bought Fisker for just under $150 million earlier this year. It also purchased battery supplier A123 Systems last year. Speaking to Bloomberg recently, Lu said that EV technology is at the top of his list of ways to go broke. "I'll put every cent that Wanxiang earns into making electric vehicles. I'll burn as much cash as it takes to succeed, or until Wanxiang goes bust," he said. Ahhh, inspiring. "I'll burn as much cash as it takes to succeed, or until Wanxiang goes bust" – Lu Guanqiu Exactly how and when new Fisker vehicles come to market - or if they'll even be Fiskers when they do – has been the subject of some debate. As part of the Fisker bankruptcy auction, Lu and Wanxiang now own an old, empty General Motors plant in Wilmington, DE. Lu told Bloomberg that Wanxiang has plans to first start building EVs, including the Karma plug-in hybrid, in the US (which suggests that restarting Karma production at Valmet is not going to happen) and to later build them in China. Right now, Lu's company only makes one type of electric vehicle: buses. Lu told Bloomberg he knows it will take a while to get his electric cars to market: "The road is still very long. We want to concentrate for now on manufacturing in the US. If I don't succeed, my son will continue with it. If he doesn't make it, my grandson will." Currently, emails sent to the "New Fisker" website are met with an automated response that promises a more personal touch later. It also says that the company is "very well funded and have a great plan to create a world class automotive company." That the new owner is ready to go broke doing so is not mentioned. You can read the New Fisker email and see a Bloomberg video on Lu below. Dear Fisker enthusiast, We at 'The New Fisker' would like to sincerely thank you for the email you sent via the website and greatly appreciate the time you have taken to reach out to the new company. The details of your correspondence are being reviewed by members of our devoted team, who are truly passionate about responding to you individually and personally.