Having been riddled with setbacks, including a major recall of faulty batteries supplied to Fisker Automotive, Michigan's favorite EV battery maker A123 Systems has filed for bankruptcy. It has also announced the sale of its main business units to rival Johnson Controls in a deal pegged at $125 million -- a sad fraction of the billion dollars it raised since it launched in 2001 (not least from government grants). It seems that neither fresh lithium ion innovations nor a potential deal with Chinese investors were able to keep the company out of the red, which leaves A123 on the road to nowhere -- right behind that other DoE-sponsored hopeful, Ener1.
Continue reading A123 Systems becomes America's latest EV battery maker to file for bankruptcy
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A123 Systems becomes America's latest EV battery maker to file for bankruptcy originally appeared on Engadget on Wed, 17 Oct 2012 06:22:00 EDT. Please see our terms for use of feeds.
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Fisker has had more than its fair share of teething troubles with the Karma, but it has to be given credit for going out of its way to listen to early adopters. The hybrid car builder has confirmed to Autoblog that a question and answer session making the rounds is the official result of town hall discussions that have both acknowledged problems and promised fixes where they're possible. The answers we've been given are a mix of sober realities and practical remedies. Drivers hoping for outright hardware upgrades to improve performance with existing Karmas will have to keep wishing; thankfully, a host of firmware fixes are on the way to improve at least the sedan's Command Center system and mirrors. PR lead Roger Ormisher even hints that there could be an in-person council that would tackle concerns more directly than the remote pep talks. We're mostly hoping for the day when Fisker stamps out the bugs and doesn't need the Q&A to put Karma owners' minds at ease.
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Fisker confirms Q&A outlining Karma woes and fixes, may establish council to talk issues in person originally appeared on Engadget on Fri, 24 Aug 2012 06:29:00 EDT. Please see our terms for use of feeds.
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Like the ambitious diner at the all-you-can-eat-buffet, Fisker's got a lot on its plate. Between recalling all of its self-immolating Karma models, taking flack from its rivals and hiring a new CEO, something had to give. As such, it's halted production on the Surf and Sunset while it concentrates on getting the Nina / Atlantic onto the streets. However, one-percenters needing a five-door EV are in luck -- Fisker's Roger Ormisher has said that "if someone came along with a big enough checkbook" they'd discuss building a model tailored to their needs. While he remained coy about a specific price in his statement to Autoblog (after the break), a Fisker Buzz member has pegged the figure to be $200,000 -- but hey, that's pocket change to you, right?
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Fisker halting Surf production, but will build you one if you've got a 'big enough checkbook' originally appeared on Engadget on Wed, 22 Aug 2012 14:51:00 EDT. Please see our terms for use of feeds.
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