Report: Fisker won’t start Karma production until A123 sale clears, Atlantic delayed

Fisker Automotive hasn’t built a new car in six months and says that it has no plans to restart production until after A123, its battery supplier. That all depends on the outcome of China’s Wanxiang’s controversial mission to acquire the bankrupt U.S. battery maker.

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So far, the Delaware Bankruptcy Court has approved the $256.6 million sale of A123 to Wanxiang Group – however, the deal has yet to be approved by the Committee on Foreign Investment.

“We plan to wait until Wanxiang takes full control of A123, then we will get in contact with them to negotiate a contract,” Fisker spokesman Roger Ormisher told Reuters. Once a deal is reached with A123’s new owner, he said, “we can resume Karma production.”

Ormisher says the company has a sufficient supply of cars and are not looking for battery supplier.

The halt in the production of the Karma will also delay the development of Fisker’s second car – the Atlantic.

– By: Omar Rana

Source: AutoNews


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