Fisker Automotive to be revived - News Hour (press release) (subscription) (blog)
The luxury car company will establish Southern California’s first new car manufacturing plant in more than two decades about 60 miles east of Los Angeles in the city of Moreno Valley, where it will begin building its plug-in electric hybrid... 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 an LA facility in 1992, and the state’s second electric car manufacturing factory, joining entrepreneur Elon Musk’s Tesla Motors plant in the Bay Area. 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 tags, 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. Source: www.newshour.com.bd
