Wednesday, 19 December 2018 - About Torquingpoint | Advertise | Rss

Fisker on the brink of folding

Sad news for the innovative manufacturer...

Sad news in the EV world as it looks like Fisker Automotive is about to join the long list of failing companies about to stop trading. Last month it was announced that Henrik Fisker, designer of Astons and the Karma itself, had left the company due to disagreements with the board of directors and then on Friday we got the announcement that Fisker has laid off 160 of their 210 staff.

Now we find that Fisker are being sued by the former employees as they allegedly didn’t give them the mandatory 60 days’ notice as required by the U.S. Worker Adjustment and Retraining Notification (WARN) Act. In addition, Fisker is being accused they didn't pay employees their wages and other benefits they would have obtained during those three months after the notice.

This all points towards Fisker going under very soon, which is a massive shame. They Karma was always a very interesting technical accomplishment but we mainly love the Karma because of the way it looks. But thanks to ex-GM boss ‘Maximum’ Bob Lutz the Karma may well be saved after all, in a slightly different form.

Launched at the Detroit Motor Show was the Destino from VL-Automotive – a very slightly visually tweaked Karma, but with one significant change – the Corvette ZR1’s 632 bhp, 6.2 litre V8 engine powering the rear wheels through a six speed manual or four speed automatic gearbox. No more information was given on the Destino, but we hope to see more of it this year as that could be a very credible rival to the Aston Martin Rapide with its new powerplant.

Images courtesy of Fisker and VL-Automotive

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About Tim Oldland

Contributing Editor - Long time petrolhead, automotive design engineer and journalist. Also Social Media Manager for the ecurie25 Group - Tim has worked in the automotive sector for many years, but has been a fan of anything with 2 or 4... read more