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Home / News / Karma is All Bad at Fisker as Battery Supplier’s Bankruptcy Halts Production

 

Fisker-Karma-A123

Fisker Automotive’s Chief Executive Officer, Tony Posawatz, has announced that the production of the Karma plug-in hybrid has been halted for at least a month due to A123 Systems, Fisker’s battery supplier, bankruptcy.

However, industry observers have been quoted by Reuters and Bloomberg as having said that the halt was not caused by a lack of batteries, but rather by a lack of demand for the high cost, low functioning electric cars. Moreover, these insiders say that the production halt started in August.

Whatever the cause, there is no denying that the California-based electric carmaker is continuing to struggle.

[Image:  Green.Autoblog.com]
 

About the author: Andrew Greene

 

Now playing the role of grumpy old man in the foothills of Northern California’s Gold Country, Andrew has had a life-long love affair with vehicles of all sorts, from the bicycle he pedaled across the continent in 1991 to the armored personnel carriers he drove in the Army to the bamboo rafts, elephants, motorcycle taxis, ferries and buses he traveled by during the 13 years he lived and worked in South East Asia. Always eager to learn more about how the people of the world get from here to there in their day-today lives, he, a professional journalist, has been covering the vehicle industry for years.

 

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