Fisker Karma production halted

 Fisker Karma production halted
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)

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 9, 2013 11:05 pm
0 0
A Chinese company would have the batteries here today. That is why so many of the US companies manufacture over there.
Dec 1, 2012 6:49 pm
1 0
Screw the batteries, put a V8 in that car and you'll have a best seller.
Dec 1, 2012 9:03 am
4 0
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 1, 2012 7:03 am
1 2
No A123 received a grant not a loan.
Dec 1, 2012 9:52 am
3 0
Just make it gasoline and save employees.
Dec 1, 2012 3:40 am
3 1
What is a week at WCF without yet another story about how Fisker has delayed its cars.....again.
Dec 1, 2012 1:57 am
3 0
Just make the 4.7L 450bhp V8 Karma already. NOBODY WANTS THOSE STUPID VACUUM CLEANERS!!! V8 version would sell like hell.
Nov 30, 2012 3:12 pm
4 3
Those poor Karmas lost in the Sandy aftermath...
Nov 30, 2012 3:11 pm
1 1