Showing posts with label Fisker Atlantic. Show all posts
Showing posts with label Fisker Atlantic. Show all posts

Monday, March 10, 2014

2015 Fisker Atlantic, Karma Headed for Production

2014 Fisker Automotive Website

Troubled automaker Fisker won a stay of execution when Wanxiang bought its assets out of court. In the days after the purchase, speculation about the future of Fisker ranged from starting where they’d left off to ditching the Karma’s troublesome hybrid drivetrain in favor of a more primitive and powerful Corvette V8, a la VL Destino. Earlier this week, we got our first hint of Wanxiang’s plans for Fisker’s future from the company itself, in the form of a newly launched website and a “promise” to build the Fisker Atlantic.
First shown back in 2012, the Fisker Atlantic was the baby brother to the Karma. A luxurious, good-looking plug-in hybrid that was intended to do battle with mainstream Mercedes and BMW models while the sexier, slinkier Fisker Karma acted as the brand’s halo car. The Karma did well enough before Fisker’s troubles started, and will probably do well again. No reason to believe, then, that a reborn Fisker with real funding won’t do better.
Here’s some of Wanxiang’s corporate talk about itself and the “New Fisker” company …
NEW FUTURE
The New Fisker under Wanxiang America Corp ownership will reintroduce “fun” to the driving experience. The New Fisker will keep its nimble and green roots to create a new type of Automotive OE company. One that will display it ingenuity and creativity while keeping the Roots that Henrik Fisker and Bernhard Koehler planted.
NEW LEADERSHIP
Wanxiang America Corp, has a track record that spans many years of success. As one of the largest automotive parts maker in the world “We Know Automotive” and yes we have been accused of being “Car Guys”. Under the leadership of Wanxiang America Corp The New Fisker will deliver on promises and execute on plans.
NEW DIRECTION
“Green”, that is what Bernhard Koehler and Henrik Fisker set out to accomplish, we will take it to the next level. Wanxiang has a history of deep investments in Green Technology. With Wanxiang America Corp’s major focus on making the world a better place with Green Technology, you will see The New Fisker create greatness.
… and here are some shots of the upcoming 2015 Fisker Atlantic, which was pretty far along the road to series production already before Fisker’s money woes forced them to delay the car’s launch until, we guessed, 2014 or 2015. Looks like we were right about that one!

2015 Fisker Atlantic
2015 Fisker Atlantic
2015 Fisker Atlantic
2015 Fisker Atlantic
2015 Fisker Atlantic
2015 Fisker Atlantic


Source | PhotosFisker, via Green Car Reports.

Monday, January 13, 2014

Bob Lutz is Building Another Stupid, V8-powered Fisker


Bob Lutz Fisker Convertible

Fisker’s had more shots at salvation than most of the sinners I party with- but, so far, neither the man the company was named after nor a cadre of Hong Kong investors have been able to do much save it. Weirdly, the guy who seems most likely to make a go out of what little is left of Fisker is the automotive press’ favorite octogenarian. I’m speaking, of course, of Bob Lutz and his VL Automotive company, who plans to bring a V8-powered Fisker Sunset to this week’s Detroit Auto show.
I’ve always felt that Bob Lutz’/VL Automotive’s goal of stuffing a Corvette V8 under the hood of the Fisker Karma’s sexy curves was patently stupid, but now the company is issuing press releases with magic-marker drawings artful renderings of a concept (the 2009 Fisker Sunset, above) that was already shown FIVE YEARS AGO. They didn’t even change the wheels, even!
I get it, though. Really. VL needs to do something to stay relevant, and five years is a long time in internet years. Not long enough for everyone to forget something like the Fisker Sunset, but long enough for most people to forget it- and, maybe, long enough for everyone to overlook the fact that all you’ve seemed to do is partner up with a “leather leader” and change the interior to black and **YAAAAAWN** man. This is boring stuff!
Here’s hoping Lutz and the gang have something a bit more exciting up their sleeve than what they’ve let on. Until then, feel free to giggle at the official VL Automotive/Katzkin press release that is not, in any way, an April Fools’ joke on the automotive press-as-a-whole, below.


destino_3
destino_1
destino_2
VL Automotive Fisker Destino
AUTOMOTIVE LEATHER LEADER KATZKIN PARTNERS WITH VL AUTOMOTIVE TO CREATE EXCLUSIVE LUXURY PERFORMANCE CAR EXPERIENCE
Katzkin Senior Advisor Bob Lutz Debuts All-New Concept Destino Featuring a Custom Katzkin Interior at the 2014 Detroit Auto Show
MONTEBELLO, Calif., January 10, 2014 / PRNewswire / – Katzkin, the global leader in automotive interior transformation, continues its design mantra and enters into the ultra-premium sports car arena by partnering with VL Automotive, co-founded by Gilbert Villarreal and Bob Lutz. VL’s newest concept Destino luxury performance vehicle will debut at the 2014 North American International Auto Show in Detroit at Cobo Center, January 13-26, 2014.
Based on an award-winning design by Henrik Fisker, restyled by Bob Lutz, and powered by the Chevrolet Corvette ZR1 powertrain, the Destino sedan was first shown at the 2013 North American International Auto Show. VL Automotive has teamed with Katzkin, a brand that has designed, manufactured and supplied custom leather interiors for more than 30 years, to design bespoke interiors for both the sedan and the new Destino concept.
“A beautifully designed car like the Destino deserves an exceptional interior,” said Bob Lutz, former General Motors vice chairman and currently a senior advisor to Katzkin. “By providing a fully customized Katzkin interior, we bring a custom-tailored design to the vehicle and its owner.”
According to Brooks Mayberry, Katzkin’s CEO, bringing the company’s expertise into a luxury market presents a new and exciting opportunity. “We’ve always been successful in working with boutique, small niche brands and vehicles,” said Mayberry. “VL allows us to align our leading design capabilities with exceptional vehicles and we look forward to a long and growing future relationship.”
With the 2010 addition of Chief Designer Dave O’Connell, Katzkin has embraced design as both a core value and a supporting pillar to the company’s world-class marketing strengths. O’Connell’s background includes a near two-decade role as Head Designer for Mitsubishi Motors, as well as his long-term involvement with Art Center College of Design in Pasadena, Calif., where O’Connell is an alumnus and has been an instructor since 2001. “Our primary differentiation from any competitor is our ability to provide personalization that expresses individuality for both the consumer and the vehicle,” said O’Connell.
While Katzkin’s relationship with VL Automotive began through discussions following Lutz’s advisory role to the organization, it has deepened through the connection O’Connell created with VL President and CEO Gilbert Villarreal, when O’Connell’s designs were brought to fruition in the Destino show car. “Having been impressed by the expressive quality of Katzkin’s leather designs for decades, there was no question in my mind that this partnership would be a winning proposition,” said Villarreal. “Our goal quite simply is to maintain and exceed the very high quality and exceptional design standards that both Katzkin and VL Automotive will provide.”

Source | Images: VL Automotive, via Autoblog.

Wednesday, March 13, 2013

Henrik Fisker resigns due to "major disagreements" with other execs




The last time we talked to Henrik Fisker, he was a non-stop stream of optimism about the company he cofounded to build luxury plug-in hybrid automobiles. This, despite a ton of negative developments for the company in 2012. His outlook has taken a turn, apparently, since Fisker has reportedly resigned from the company that bears his name. No detailed reasons were given, but in a statement sent to Autocar, the official word is:
Effective as of Wednesday 13 March 2013, Henrik Fisker has resigned from Fisker Automotive as executive chairman, and has left the company. The main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy.
The last major executive shakeup at Fisker happened last August, when Tony Posawatz shifted away from the Chevrolet Volt team to become Fisker's CEO, replacing Tom LaSorda. We have asked Fisker for comment and clarification, but have not yet heard back. What this all means for the future of the company is uncertain. Anyone want to guess what these "major disagreements" are?

UPDATE: Fisker sent us an official statement, which you can find below. The key line is that Fisker's "strategy has not changed. Mr. Fisker's departure is not expected to impact the Company's pursuit of strategic partnerships and financing to support Fisker Automotive's continued progress."
Show full PR text

Wednesday, January 30, 2013

Fisker Seeking Chinese Savior By Next Month



Sometimes it feels like we are picking on Fisker, because for the past year it has been one bad, sad news story after another. But it is hard to deny that Fisker faces a grim outlook unless they can get a much-needed injection of cash. This means the U.S. based automaker, which builds and ships cars over from Finland, has gone to China in search of funding…and they may have found it.

Fisker, which values its plug-in hybrid car technology at around $1 billion, needs money to get its next model, the $50,000 Fisker Atlantic, into production. Fisker has been cut off from the government teet after failing to meet sales quotas, and the proposed factory in Delaware remains idle…not that Fisker is building anything. It has reportedly been six months since a Fisker Karma was built, due to either lack of demand or lack of batteries after the sale of battery supplier A123 Systems to Wanxiang Automotive, another Chinese auto company.

It hasn’t all been bad news though, as Fisker secured another $100 million in private equity late last year. The negotiations in China have also reportedly produced two serious potential investors, who are putting together offers through the banks. How serious these companies are, we’ll know soon enough, as Fisker has set a goal of having negotiations finished by next month. And if these bids fall short, or the two parties can’t come to a mutual agreement? Fisker has made deals with China before, including a deal that puts Fisker Karmas in the showrooms of China Grand Automotive Group. But can they pull of a final-quarter Hail Mary pass to save the whole shabang?

Well we hate to say it, but 2013 might be Fisker’s last bad year…and not in a good way.



Wednesday, October 31, 2012

Fisker working against odds toward Volt-competitor Atlantic and more


As extended-range electric vehicle maker Fisker Automotive works to proliferate its Karma, raise funds for its Volt-competitive Atlantic, and grow its global sales, it has sought to prove its message and business model, knowing full well it has its share of detractors.
The company has had to put out public relations fires – and two literal fires have occurred – one necessitating a recall of a potentially over-heating fan. But despite naysayers, some of whom are politically motivated, seemingly suspicious and hoping to be able to say “I told you so,” Fisker has ducked its head, aiming to create more affordable, gas-saving, environmentally responsible variants.
Fisker_Atlantic34-rear 

To date, it has overcome all setbacks and delays, and remained reasonably clean looking after the worst mud thrown by those heaping all manner of allegations against Fisker’s quality, ideas, and even its integrity.
“There are a lot of skeptics and that’s fine, said Global Communications Director, Roger Ormisher in a recent interview, “We’re OK with the skeptics because I think they make things more interesting and we continually prove the skeptics wrong. I mean I think they thought we’d be out of business [by now] and that is not the case.”
This is not to say Fisker welcomes outright bashing, slander or misrepresentation of its motives such as GM and the Volt have also had to endure, along with other companies that have taken Obama-endorsed taxpayer money to fund – for purposes his administration and supported clean energy startups contend – of creating better solutions.
Rather, Fisker says it aims to prove itself as a new kind of American-based, worldwide-selling car producer. It – and a substantial venture capital base that goes beyond now cut-off public funding – believes its designs are solid and sustainable. Next up on its car launch roster is the delayed Atlantic – an extended-range EV the company’s new CEO Tony Posawatz said would start at around $55,000, and be in production by 2014 or 2015.

Fisker_Atlantic_fr34 
Ormisher said contrary to recent reports stating the car was due in 2013 and is now delayed by two years, even prior to loss of U.S. Energy Department funding, the Atlantic would not have been in drivers hands much before early to mid-2014.
“Everyone got that story wrong,” he said. And so, while late, it’s not that late.
In any event, the Atlantic promises a compelling mix of attributes. Slated for American manufacture at Fisker’s wholly owned plant in Wilmington, Del., the company is yet weighing options to produce elsewhere if necessary, but Ormisher has again been repeating “our first priority” is to build it where it has intended to if at all possible.
“We’ve been very clear about that in the last couple weeks,” he said.
And, as reported, Fisker is still seeking more funding to make it happen. Its latest fundraising round saw it gain another $100 million added to over $1.2 billion from private investors rooting for it even as the U.S. Energy Department has shied away from its former support. Ormisher said Fisker would announce by year’s end where the car will be built.
Also to be determined are such details as battery supplier, fuel and emissions efficiency, and performance specs. But the sheet metal you see is pretty well set, as is fundamental architecture including a 2.0-liter twin-scroll turbo BMW-sourced range extender that promises to make this capable of trouncing a Volt in any speed contest, and possibly in efficiency and electric range as well.
Fisker is not merely targeting the Volt, however, and in fact has not explicitly talked about the Volt in conversation, unless asked – at which point it concedes it is on the radar. But beyond that, the exact blend of qualities this car is intended to have will be to attract sales away from internal combustion vehicles as well. The Atlantic’s value proposition will therefore be balanced between a pretty face, quality interior and functionality, outstanding performance, fuel economy, emissions and all-electric range. The car is about 90-percent complete, and Ormisher said Fisker is gunning to hold its own in handling and speed performance against such vehicles as upper-range BMW 3-Series, lower-range 5-Series, Audi A5, Mercedes C-Class, not to mention also Japanese and American and other internal-combustion powered performance sedans.

Fisker_Atlantic_sideview 
As for the Atlantic’s plug-in competitor (and Fisker knows more plug-in competitors are pending) the Volt stickers for roughly $40,000-$47,000 and it’s anyone’s guess what it will sell for in 2014-2015. On paper, no other car is more like it at this point than the Atlantic. By the time Fisker says the Atlantic will roll off the line, GM is expected to have launched Volt 2.0, which fittingly enough, may also sport some form of 2.0-liter inline-four engine as range extender – up from its present 1.4-liter. At least this is what rumors attributed to GM suppliers say.
GM executives have said the updated Volt is to have somewhere around $10,000 or more in production costs shaved off of the rather pricey to build first-generation version, but its range, efficiency and performance specs are a complete mystery as well.
In short, Fisker is aiming to launch its belated first-generation Atlantic into a market pioneered by GM as it launches its updated second-generation Volt. That said, Fisker won’t be launching an outdated design, Ormisher said.
Its aesthetic form, like the Karma’s, has been called “timeless.” Finer details and performance for the Atlantic will be finalized practically up to the point of production, given that software and battery technology are continually evolving.
Ormisher says it would be to the company’s detriment to claim specific all-electric range, MPGe or CO2 emissions for this car as by the time its is on the assembly line, the aim is to beat what it could do today.
Its aforementioned speed potential – also in general terms – will come from the very powerful but efficient German range-extender married to expected-to-be potent battery pack. It will, like the Karma, have a capability GM presently does not allow with its one and only Voltec model – the Atlantic can use both gas plus electric together for a serious kick in the pants, if desired.

Fisker_Atlantic_backend 
Ormisher said the Atlantic will – as one would expect – weigh less than the rather portly 5,300-pound or so Karma, but as a package, will have a strong power-to-weight ratio, on par with or better than the Karma. That’s how it can target a more competitive market segment than the Karma, which is pretty much a niche vehicle.
Fisker knows it is heading into a more fought-over segment, and luxury performance sedans are strong in this upper-middle-tier range. Ormisher said the company is happy with what it has at this point in its pre-production Atlantic, and it is a car that will not need excuses.
Now that GM’s former Volt line director is at the helm, it is all the more promising that – against yet very steep odds – Fisker may yet pull off its David vs. Goliath attempt, although as you may well know, automotive history is littered with companies that had good ideas that still went down in the end.
That said, Fisker is still looking forward to a future, attempting to learn from mistakes as well as misfortunes that were not its fault, and possibly also “history” is the Atlantic’s previously specified battery pack.
Prior reports had been that A123 System cells would be specified, but as followers of this segment know, A123 is undergoing bankruptcy due to a recall involving Fisker Karma battery packs, along with other losses, and allegations of mismanagement.
Fisker will stick with A123 as spec’d in the Karma, and it may yet use A123 cells in the Atlantic that may in time be produced by Johnson Controls, Inc., but Fisker is also looking at other suppliers to meet its criteria for the pending car.
To date, news about the Atlantic has been sparse. The company has played a close hand knowing it has opponents that would be just as happy to see it fail, and predicting it is just a matter of time until it does.
The photos posted are among the only ones we have seen. Furthermore, these images were not released until Fisker was good and ready to show them. No spy shots were known to have circulated prior to the car’s unveiling, and possibly holed away in some top-secret garage or warehouse could be two other Atlantic variants.
In all Fisker is known to have designed six models: The Karma, Karma Sunset cabriolet, Karma Surf shooting brake, Atlantic which was formerly called “Project Nina,” and similar variants of the Atlantic.

Fisker_Atlantic_glassroof 
At this point, Fisker’s Karma is the only representation of its ambitions in production and the Atlantic is its next step down market toward more affordable cars for more people, with presumably more down-market cars to follow.
Ormisher said the company’s fastest growing market, by the way, is “probably Germany” with strong activity in eco-progressive countries like Holland, Norway, Denmark, and elsewhere in Europe. It is also pursuing business in North Africa, Middle East, China, and elsewhere.
In Europe, they have their own economic and political issues to contend with, no doubt, but they are in cases heavily incentivized to go green, and basically free from that unique brand of American political rancor up to and including recent presidential debates that fired rhetorical shots at the Anaheim, Calif.-based company and others.
But with or without enemies, Fisker does have much to overcome. Full proof does remain to be seen as to how the company fares, how good the Atlantic will really be, and that quality control for the recalled-and-now-fixed Karma is finally up to speed.
Ormisher said presently Fisker directly employs around 400 people in the U.S., and is indirectly supporting 1,000 American jobs. Among those rooting for Fisker, some have said they’d think more Americans would want to support such a clean-energy manufacturer with the audacity to try and swim upstream in the business climate that is California, and the ambivalent or indifferent social climate that can be found in the U.S.
For Fisker’s part, it is playing the hand it’s been dealt and continuing on its zig-zagging trajectory toward its stated goals.


Source: GM-Volt.com

Saturday, September 29, 2012

Fisker Receives $100 Million for Development of Atlantic




In April, Tom LaSorda--then CEO of Fisker Automotive--said the company was raising additional capital.
Today, Fisker announced that it had closed a new round of financing, with more than $100 million coming into the company's coffers.
It will use the money, it says, for "continued product development, market expansion, and a new global marketing campaign for the Fisker Karma."
The product development work will be for the Fisker Atlantic, the company's second and more affordable car, after it shelved plans for the Surf and Sunset models of the larger Karma.
The mid-size Atlantic sedan was unveiled at the New York Auto Show, in April, and is expected to sell for around $50,000.
The "market expansion" will include both continued sales of its $106,000 Karma range-extended electric luxury sedan, and expansion into new markets, both in China and the Middle East.
Thus far, Fisker has built about 2,000 Karma sedans, after repeated schedule delays, recalls and customer upgrades, and--most recently--a recall for a faulty cooling fan that may have led to two separate fires in customer cars.
The company said in its announcement of the financing that it has delivered "nearly 1,500" Karma sedans to buyers in the U.S. and Europe.
The 2012 Fisker Karma has received mixed reviews, with compliments for its styling but criticism for its interior volume, inefficient powertrain, and frequent quality glitches.
Last week, Consumer Reports delivered a stinging review of the Karma, calling it "full of flaws" and deeming its touchscreen controls an "ergonomic disaster."
Fisker appointed a new CEO, Tony Posawatz, in August; one of his highest priorities has clearly been closing the current round of financing to keep the company solvent.
"We are grateful to both our investors and our initial customers," Posawatz said, noting that both groups "have supported our company and are quickly becoming our biggest advocates.”
2012 Fisker Karma during road test, Los Angeles, Feb 2012
2012 Fisker Karma during road test, Los Angeles, Feb 2012
Posawatz pledged to announce both production plans and a timeline for the Fisker Atlantic by the end of this year.
Since it was founded in 2007, Fisker has raised more than $1.2 billion in private investment.
It also borrowed $193 million in low-cost loans granted under the U.S. Department of Energy's advanced-technology vehicle manufacturing initiative.
The company was originally approved for $529 million of loans in September 2009, but funds were frozen by the DoE in early 2011 after Fisker repeatedly failed to meet milestones and deadlines in the loan agreement.
Since that time, Fisker has garnered more than $600 million of investment, almost half of which came after the Karma went on the market last December.
What remains unclear are the terms of the new financing.
Just six weeks ago, Fisker was reported to be seeking $150 million--and it was rumored that the new money would be a "down round," or raised at a lower valuation than previous rounds.
To raise that money, board chairman and venture capitalist Ray Lane told several media outlets that FiskerAutomotive might attempt an initial public offering (IPO) in 2013.



Wednesday, May 16, 2012

Leaked Fisker Atlantic documents reveal production delay, specs

The Fisker Atlantic extended-range plug-in vehicle will start production about a year after its previously estimated mid-2013 date, Inside EVs blog reports, citing leaked company documents that were dated "a few weeks ago."

The Atlantic, formerly known as Project Nina, will compete pricewise against the BMW 3 and 5 Series sedans as well as the Mercedes-Benz C-Class and E-Class, Jaguar XF and Audi A4 and A6. That would put the model in the $50,000 to $60,000 range, according to the publication. The model, which will still be produced at Fisker's Delaware plant, will have 300 horsepower, a 0-60 time of 6.5 seconds and emissions of 50 grams per kilometer of CO2, Inside EVs said, citing the documents.

"As these documents are obviously leaked investor documents and highly confidential, I am not prepared to comment any further," a Fisker representative told AutoblogGreen.

The status of the Atlantic has been in question since plans for the former General Motors plant in Delaware were put on hold once the U.S. Department of Energy froze most of the $529 million in loans earmarked for the California-based company.

Fisker unveiled the Atlantic at the New York Auto Show last month, saying that the car's price tag would be "a much lower price point" than Fisker's Karma sedan.


Source: Autoblog Green

Wednesday, April 4, 2012

Fisker unveils the Atlantic design prototype in New York; second-generation EVer powertrain

Fisker Automotive unveiled its new model, the Atlantic sedan (known earlier as project Nina), in an event in new York. Revealed as a design prototype, the Fisker Atlantic is a luxury four-door sporting sedan using the second generation EVer (Electric Vehicle with extended range) technology.

Like the Karma sedan, the Fisker Atlantic is a plug-in series hybrid vehicle that allows drivers to switch manually or automatically between electric and gasoline driving modes and sustain the charge of its lithium-ion batteries on the move.

Its four-cylinder gasoline engine, which acts as a generator and is not mechanically connected to the wheels, is tuned to offer maximum economy and high torque. Fisker says the Atlantic EVer powertrain will offer “highly competitive” performance for a car in its class. The standard powertrain will be configured for rear-wheel drive and an all-wheel drive version will be offered as an option.

The Atlantic design prototype’s glass roof shows off a ridged ‘spider’ structure. This construction also allows the Atlantic to offer a remarkable amount of rear headroom for a car with its stance. This approach fulfills and surpasses all current and projected future rollover safety and crash-test requirements worldwide, according to the company. The Fisker Atlantic’s long wheelbase also affords extra legroom for rear passengers and more space in the trunk.

The rear door handles have been integrated in the rear C-pillars, to continue the sense and look of a sporting coupe without losing the practicality of a four-door sedan. The rear end of the car is aerodynamically shaped, with a sharp spoiler lip on the trunk that runs down over the side of the car to enhance aerodynamic performance.

Overall, the Fisker Atlantic’s dimensions are comparable to those of an Audi A5, according to the company.

Fisker Automotive is transitioning from a start-up automaker to a fully-fledged mainstream car manufacturer and the Atlantic is a crucial milestone in that process. We have a long way to go, but in the near future Fisker intends to deliver this exceptional American-designed, engineered, and manufactured vehicle to showrooms worldwide.

More details on the Fisker Atlantic, including statistics, prices and an on-sale date will be given closer to the launch of the production car.