Fisker in talks with three automakers over possible partnerships

Article by Anita Panait, on December 11, 2012

Fisker Automotive chief executive Tony Posawatz disclosed that the luxury plug-in hybrid carmaker is holding talks for three potential partnerships with other companies. He said that executives at the "highest levels" of the companies involved are "talking specifics." Posawatz said they are committed to make Fisker win longer term, noting that history shows that smaller companies cannot live on their own in the automotive business.

Posawatz said the deals with other companies could be completed within next year, declining to name Fisker’s likely partners. According to Posawatz, Fisker is shopping its extended-range electric drive technology system, its "parts bin" of plug-in hybrid parts and its automobile design expertise to potential suitors.

Posawatz disclosed that Fisker could license its powertrain systems to companies, seeking to boost the fuel efficiency of their own models quickly, noting the Fisker Karma already complies with federal fuel economy standards that will be implemented in 2025. Meanwhile, Fisker has stopped the production of the Karma due to shortage of lithium ion batteries. The carmaker’s supplier, A123 Systems, has not been producing batteries while in bankruptcy.

Posawatz expects to resolve the Karma's battery supply issue by the end of December 2012 and hopes to resume the sedan’s production soon after.

Posawatz noted that whoever buys A123’s assets and intends to support its operations is going to be Fisker’s supplier. Fisker has fewer than 1,000 Karmas in inventory and supplies could be exhausted by spring if production is not resumed, according to Posawatz. Fisker has sold over a thousand Karmas since its launch in October 2011.

Topics: fisker, dealership

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