Fisker Karma production halted

2012 Fisker Karma plug-in hybrid - 22.3.2011
2012 Fisker Karma plug-in hybrid - 22.3.2011

Production won't resume until their battery supplier is sold

Fisker has halted Karma production as of a result of their battery supplier going bankrupt.

As CEO Tony Posawatz explained “Because we have no batteries, there’s no production right now." He also said the company's inventory is getting a little low so they'd like to resume production as soon as possible. Unfortunately, there's no quick fix as A123 Systems - the sole producer of the Karma's lithium-ion battery - isn't slated to auction off their assets until next month.

Posawatz said the company would be fine with either Johnson Controls or Wanxiang taking over A123 Systems, but cautioned that switching to another battery supplier would cause significant delays because the battery would need to be tested and evaluated for almost a year.

Source: Bloomberg

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Comments (9)

Mtn86 Mtn86
Sorry for the lost jobs, but forget the Karma. If the Destino doesn't fail, it might just be the most kick ass sedan ever built.
Apr 10th, 2013 6:05am
0 0
eddie eddie
A Chinese company would have the batteries here today. That is why so many of the US companies manufacture over there.
Dec 2nd, 2012 1:49am
1 0
EdBacau EdBacau
Screw the batteries, put a V8 in that car and you'll have a best seller.
Dec 1st, 2012 4:03pm
4 0
peteratkin peteratkin
What do you mean "THEIR" battery manufacturer?? WE - 'the green guys' - paid for A123 with our loan guarantees. Just another political plum, like Solyndra.
Dec 1st, 2012 2:03pm
1 2
CDspeed CDspeed
No A123 received a grant not a loan.
Dec 1st, 2012 4:52pm
3 0
buruchaga buruchaga
Just make it gasoline and save employees.
Dec 1st, 2012 10:40am
3 1
sensei sensei
What is a week at WCF without yet another story about how Fisker has delayed its cars.....again.
Dec 1st, 2012 8:57am
3 0
SorryMyBadEnglish SorryMyBadEnglish
Just make the 4.7L 450bhp V8 Karma already. NOBODY WANTS THOSE STUPID VACUUM CLEANERS!!! V8 version would sell like hell.
Nov 30th, 2012 10:12pm
4 3
memexe memexe
Those poor Karmas lost in the Sandy aftermath...
Nov 30th, 2012 10:11pm
1 1