Luxury car maker Fisker to build cars in Southern California - Los Angeles Times
Wanxiang Group also owns A123, the company that builds the lithium ion batteries that power the Fisker. The assembly plant will be Southern California’s first since General Motors closed a Van Nuys facility in 1992, and the state’s second electric car manufacturing factory – joining entrepreneur Elon Musk’s Tesla Motors plant in the Bay Area city of... The electric-car company was co-founded by Henrik Fisker , a graduate of Pasadena’s Art Center College of Design who won admirers for his elegant Aston Martin and BMW designs. Its Karma plug-in electric hybrids captured the imagination of the automotive press, and despite their $100,000 price tag were brisk sellers - until battery glitches resulted in a product recall that bankrupted the battery manufacturer, damaged... Fewer than 2,500 of the cars were sold before production ceased in 2012, and before the company could begin selling a promised mass-market, affordable electric vehicle. Fisker himself resigned from his executive chairman position at the company amid its financial struggles in 2013. NEWSLETTER: Sign up for our free weekly business news briefing>>. The company has agreed to rent a new 556,000-square-foot industrial building at 17100 Perris Blvd. Source: www.latimes.com
