Fisker will not use acquired GM site, says Senator Carper

Article by Christian A., on December 22, 2013

Fisker Automotive Holdings Inc. will not use a closed General Motors site it acquired in Delaware even if its new owner resumes output, according to United States Senator Tom Carper. While Fisker is required under an agreement with the US government to build its Karma unit in the US, it will likely produce any future models out of the country, Carper remarked.

"I'm a glass-half-full guy, but it's hard to see how this ends up with Fisker building cars in Delaware," he said. Carper was one of Fisker's supporters along with Vice President Joe Biden, a former senator from Delaware. Fisker was granted a $529 million loan in 2009 from the U.S. Energy Department but it got only $192 million after the government cut off the support after it failed to meet production milestones on the $103,000 Karma.

The Atlantic, its second model, was supposed to be produced at the Delaware site under the loan agreement but never saw assembly lines as the carmaker stopped production in 2012 after its battery supplier declared bankruptcy and most of its unsold cars were destroyed in Hurricane Sandy.

Fisker’s assets are now being acquired by, Hybrid Tech Holdings LLC, a group led by Hong Kong tycoon Richard Li. US taxpayers lost $139 million of the $192 million Fisker received after Hybrid Tech agreed to pay the Energy Department $25 million to assume the debt. According to Carper, he is planning to meet with carmakers building in the US at the Detroit auto show in January to attract business and jobs to the GM plant.

Karma is Fisker Automotive's first vehicle. It is created according to the organization's Sustainable and Accountable Design concept, which speaks to a dramatic jump forward for the whole automotive industry.

Fisker comprehends that manufacturing, building, marketing and disposing of vehicles is a remarkable energy- and resource-intensive proposition. As a brand-new organization beginning with a fresh start, Fisker sees an extraordinary chance to enhance this procedure and reimagine what the world can demand of its automakers.

By adamantly looking for ways to elevate effectiveness and decrease environmental impact – which includes its carbon footprint - over the whole value chain, Fisker Automotive is endeavoring to be the carmaker most committed to sustainability and accountability.

The Fisker Karma and all future Fisker cars will be sold and serviced through a worldwide system of established, well-known, independent retailers. In the U.S., 45 locations have been distinguished, with a similar number planned for the European markets.

Fisker's European retail network is being created and will be operated by importers like the Emil Frey Group in Zurich, Switzerland, and Nellemann in Copenhagen, Denmark. Fisker Italia in Merano, Italy, and BD Otomotive in Istanbul, Turkey, complete the organization's presence on the continent. Fisker likewise went into a non-selective distribution agreement with China Grand Automotive in Shanghai in December 2010.

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Topics: fisker, gm

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