The Fisker Karma plug-in hybrid is a relative heavyweight at more than 5,000 pounds, said a board member and the chief executive of the company’s powertrain supplier.
“It’s a pretty heavy car,” said Jason Forcier, vice president of A123 Systems, Fisker Automotive’s battery supplier, and a Fisker board member. “But you have to look at all the technology, which includes a large gas engine, large electric motors and large batteries.”
Continue reading Fisker Karma to Weigh More Than 5,000 Pounds
In a move that surprised many observers of the electric-car industry, Coda Automotive announced Friday that its chief executive, Kevin Czinger, had resigned. The move comes shortly before the public debut of Coda’s electric sedan. According to Coda, Mr. Czinger will be replaced by its board co-chairman, Steven Heller, on an interim basis, pending a search for a chief executive with “deep manufacturing, marketing and sales strengths.”
Mr. Czinger and Mr. Heller are both former Goldman Sachs executives, where Mr. Heller was head of worldwide mergers and acquisitions. That experience undoubtedly helped Coda raise money, especially in its early financing rounds — Henry M. Paulson Jr., the former Treasury secretary and Goldman Sachs chief executive, became an investor — but it may be less applicable to helping a little-known company introduce a new automobile in a crowded market.
Continue reading In Surprise Move, Coda’s Chief Executive Resigns
Fisker Automotive finally closed on its $528.7 million Energy Department loan April 23, and now the biggest item on the to-do list is to actually produce its $87,900 plug-in hybrid car, the Karma, by the end of the year.
Fisker was founded in the summer of 2007, and many people have been eagerly anticipating the Karma. And why not? The car is undeniably attractive, with a compelling environmental story and (at least on paper) rip-roaring high performance. Henrik Fisker, the chief executive, is also a charismatic figure. But just months from the car’s debut, very few people outside the company have driven it. (The crown prince of Denmark got a Karma ride to a climate conference.)
Continue reading Fisker Karma: Ready to Roll?