Designed and engineered by Southern California automaker Fisker Automotive (www.fiskerautomotive.com) the four-door Karma is the embodiment of the design-driven company’s firm belief that environmentally conscious cars need not sacrifice passion, style or performance.

By combining world-class style and performance with industry leading efficiency and the lowest emissions of nearly any production car the Fisker Karma is the only responsible option for luxury car buyers.

Driven only by electric motors at all times the Karma delivers the zero-tailpipe-emissions of an all-electric vehicle and eliminates Range Anxiety with the 300 mile (480 km) range of a traditional gas-powered car.

“The Fisker Karma represents our goal of bringing an eco-friendly vehicle founded on the principals of ‘Pure Driving Passion’ to consumers around the world,” said Henrik Fisker, CEO.  “As a center for style and culture made up of people who are proud to express their personalities and their concern for the environment, Los Angeles is the perfect place for the Karma to make its North American debut.”

[Source: Fisker Automotive]

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The advanced aluminum space frame underpinning the Fisker Karma incorporates new levels of rigidity and strength that will give the world’s first premium plug-in hybrid electric vehicle world-class ride and handling characteristics. It will debut at the Geneva Motor Show March 2-14, 2010.  Fisker Automotive’s talented and experienced engineering team designed the Karma’s space frame around the car’s unique Q-DRIVE® series-hybrid powertrain, filing for multiple patents in the process. Q-DRIVE® consists of a 2.0-liter turbocharged ECOTEC® engine/generator set, a lithium-ion battery pack from A123 Systems, and a rear-mounted 403hp traction motor assembly.

Though it forms the foundation of a large sedan the Karma space frame’s rigidity is exceptional even when compared to today’s sports cars. By utilizing 5,000- and 6,000-series aluminum alloys and a unique extrusion-intensive architecture, the Fisker engineering team achieved the best balance between weight and size.  “Our top priorities when we designed the Karma’s aluminum space frame were that it have extremely high torsional rigidity and could be easily modified to accept Karma model variants,” explained Henrik Fisker, CEO, Fisker Automotive. “We benchmarked some of the world’s best cars to create an all-new space frame that will deliver an exhilarating experience behind the wheel.  A super-structural tunnel running down the car’s centerline acts as the Karma’s backbone. It not only houses the battery pack but acts as a torque tube connecting front and rear sections. For optimal strength the Karma’s space frame is joined with 79 meters of precision CMT MIG welds and 1,058 self-piercing rivets. Each technique is used independently only where necessary to ensure top quality and durability.  The result is an industry-leading space frame that provides a solid foundation for the Karma. Few cars match its statistics: Static torsional rigidity – the amount the space frame resists twisting forces when entering a ramp at an angle, for example –measures more than 33,000 Newton-meters per degree (Nm/deg). Static bending rigidity – the amount the space frame resists flexing forces as the car enters a ramp straight on, for example – measures more than 23,000 N/mm. Dynamic stiffness – the space frame’s resistance to resonant vibrations like those felt when driving over a sharp bump or rough road surfaces—is also world class.

Priority: Safety

Thanks to intelligent engineering solutions the Karma’s space frame also provides the utmost in occupant safety and exceeds global crash protection standards.  Front impact protection starts with a patent-pending, multi-cell tempered aluminum crush box that displaces high-impact energy away from passengers. Its unique design allows it to be easily replaced, reducing repair costs that could lower insurance premiums. Dual Phase 600-Series steel reinforced components in the doors and Bpillars provide substantial side impact protection. And the lithium-ion battery’s location in the center of the car puts it farthest from impact areas.  Valmet Automotive will assemble the space frames at its state-of-the-art facility in Uusikaupunki, Finland.

[Source: Fisker Automotive; Image: TheMotorReport]

Fisker Automotive, developer of the world’s first premium plug-in hybrid, is expanding to accelerate development of its next generation plug-in hybrids, code named Project NINA.

Beginning March 1 Fisker Automotive’s global headquarters in Irvine, California will house all design, engineering, sales, marketing, and administrative operations. All positions from the company’s Pontiac, Michigan facility will be transferred, and the company expects the number of new hires to expand dramatically.

The consolidation will not affect Fisker Automotive’s partnerships with several dozen Michigan-based engineering firms and parts supply companies.

“Having our entire team in California ensures greater efficiency and speeds up development of our new plug-in hybrids,” said Henrik Fisker, CEO. “We are expanding quickly to work on both Karma and Project NINA programs at the same time.”

Fisker Automotive’s recent $115 million round of private equity funding has made the changes possible ahead of schedule.

Project NINA, already in progress, will result in a line of family-oriented plug-in hybrids expected to start at $39,900 after a $7,500 federal tax credit. State and local incentives could effectively lower the price further. Fisker Automotive plans to start production in 2012 at a factory in Wilmington, Delaware formerly owned by General Motors.

The program is expected to save or create up to 5,000 direct and indirect U.S. jobs and reach an anticipated volume of 100,000 plug-in hybrids per year in 2013.

Fisker Automotive created the premium green car segment when it unveiled its Karma plug-in hybrid in 2008. Since then several major manufacturers have announced their intent to compete.

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This funding is necessary for Fisker Automotive (www.fiskerautomotive.com) to access a $528.7 million U.S. Department of Energy conditional loan that will, in part, help speed completion of the Fisker Karma, the company’s first plug-in hybrid.

The raise comes at a time when capital is scarce, the auto industry is struggling and the global economy is just beginning to rebound.

Starting at $87,900 the Karma paves the way for development of lower-cost plug-in hybrid technology for a second, family-oriented car code named Project NINA. Project NINA is expected to be built in Wilmington, Delaware at a former General Motors assembly plant starting in 2012.

“Raising $115 million in these times speaks volumes about the value of our business model and the vast potential of plug-in hybrids,” said Henrik Fisker, CEO.

Investors include A123 Systems, Ace Investments and Kleiner Perkins Caufield & Byers.

Fisker Automotive earlier this week signed a multi-year supply agreement with A123 Systems for the lithium-ion batteries that will power the Karma.

“Fisker Automotive selected A123 because of the company’s ability to meet our performance needs and rapidly scale to our production volume,” said Fisker. “We are committed to developing environmentally friendly cars that don’t sacrifice style or performance. A123’s technology will ensure the Karma delivers.”

Designed and engineered in the U.S., the four-door Karma proves eco-friendly cars can still have style and power. The Karma can reach 60mph in six seconds and top 125mph, yet runs cleaner and more efficiently than today’s most popular hybrids.

[Source: Fisker Automotive]

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Denmark’s Crown Prince HRH Frederik is the first individual outside the Fisker development team driving the new eco-friendly Fisker Karma. The Crown Prince will tomorrow travel to the COP15 UN Climate Conference events in Copenhagen with the plug-in hybrid car. HRH Frederik will visit at 4 pm Hopenhagen event at Raadhuspladsen after which he will leave in the Fisker Karma at 5 pm to the Bella Center.

The prototype saloon, developed by American automaker Fisker Automotive, can travel 80km (50mi) emission-free on a single charge of its Lithium-ion battery, and an additional 400km (250mi) on a range extending generator turned by an efficient fourcylinder gas engine. Economy is 2.4L/100km and emissions of just 83g/km CO2 – better than today’s best hybrids. Still, the Karma can reach 100km/h (62mph) in about 6 seconds and exceed 200km/h (125mph).

[Source: Fisker Automotive]

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Fisker Automotive is an American car company based in Irvine, California.  The company’s goals are to help restore the U.S. as a leader in the global auto industry and to eliminate America’s dependence on foreign oil.

These DOE funds will help Fisker Automotive create or save at least 5,000 U.S. jobs, bring to market affordable, American-made plug-in hybrid vehicles and save more than 821 million gallons of gasoline (43.2 million barrels of oil) by 2016.

No DOE funding will be used for overseas operations.

Through private funding, and at no cost to taxpayers, the company has already supported hundreds of American jobs by partnering with major auto suppliers to develop the world’s first production plug-in hybrid car, the Fisker Karma.

This will put the American auto industry ahead of foreign competition.  The Karma has been designed and engineered in the U.S. with the majority (65% by cost) of its parts sourced from American suppliers. Fisker Automotive searched for a U.S. plant to assemble the Karma, but none were willing or able to build the 15,000 of these advanced vehicles per year Fisker required.

The low-volume Karma will therefore be assembled in Finland by Valmet Automotive, one of the most respected contract auto builders in the world.

The next generation Karma will be built entirely in the U.S.  The Karma is a technology leader necessary to reduce costs for Project NINA, the development of a more affordable, family-oriented plug-in hybrid vehicle to be made in America at a retooled assembly plant in 2012. The resulting vehicle will sell for about $39,900 after federal tax credits.

Engineering on Project NINA has already begun.

Fisker Automotive expects to export half its vehicles, the most of any American car company.

As reported by the DOE, $169.3 million of the loan will be used by Fisker Automotive as the company works with primarily U.S. suppliers to complete engineering work on the Karma.  This work will be conducted in Pontiac, Michigan and Irvine, California.  The remaining $359.36 million will support Project NINA and its manufacture of 75,000-100,000 plug-in hybrids per year at a retooled U.S. assembly plant, beginning in 2012.  The DOE loan is conditional. In order to receive the funds Fisker Automotive must meet very specific milestones. Money is disbursed in small amounts only if the company successfully reaches these milestones.

The funds will be repaid, with interest, to the American taxpayer.

Some have asked questions about the cost of the cars.

Any new technology is expensive. Televisions, cell phones, refrigerators and even cars themselves were once too expensive for most. In time, however, costs come down. The same will happen with Fisker’s plug in hybrid electric vehicles.  The DOE loan to Fisker Automotive represents just two percent of the agency’s $25B Advanced Technologies Manufacturing Loan Program (ATVMLP), created by Congress in November 2008 to help promote the development of energy-efficient, advancedtechnology vehicles.

American cars have long been underrepresented in the global marketplace, especially those in premium segments. The U.S. used to be known for building the most exciting and desirable cars in the world. It is time America is again at the forefront, and gives buyers the choice to purchase a desirable environmentally friendly car.  When it comes to cars, an environmental strategy is no longer an option, it is a necessity.  With the help of the Department of Energy, Fisker Automotive is taking action and making an investment in the future. We are immensely proud of what we are doing, and that we are doing it here in America.

It is unfortunate how false information can be disseminated and it is our intention to correct as much of it as possible.

Henrik Fisker, CEO

[Source: Fisker Automotive Picture: Car and Driver]

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A majority of the low-interest funds will go toward Project NINA, which will see the design, engineering and assembly of Fisker Automotive’s next-generation plug-in hybrids, starting at about $39,900 after tax credits. The remainder will help finalize development of the Fisker Karma, the technology leading plug-in hybrid that will enable the company to develop such lower cost models.

Fisker Automotive expects to create or save at least 5,000 US jobs among auto suppliers and thousands more to manufacture a plug-in hybrid in the U.S.

Project NINA — inspired by the ship belonging to explorer Christopher Columbus — is symbolic of the automobile industry’s transition from old world to new.

“This conditional loan represents a significant step in America’s future,” said Henrik Fisker, CEO. “With it Fisker Automotive can rapidly develop affordable clean cars that satisfy our passion for driving and help restore the US as an auto industry leader.”

All Fisker automobiles prove eco-friendly vehicles can be stylish, functional and exciting. They combine the low energy-cost and tailpipe-emission free benefits of an all-electric car with the unlimited range of a gasoline powered car.

The funds are part of the US Department of Energy’s $25-billion Advanced Technologies Vehicle Manufacturing Loan Program, created by Congress in November 2008 to help promote the development of energy-efficient, advanced-technology vehicles.

Fisker Automotive has already created hundreds of jobs by partnering with Tier 1 US automotive suppliers to develop the Karma. The company has also recruited a network of 45 premium retailers to market and service its vehicles. With Project NINA, that network is expected to grow to more than 100 US retailers, in addition to those in Europe, Asia and the Middle East.

The Fisker Karma’s real-world, annual average fuel economy can exceed 100mpg, significantly more than that of today’s hybrids. Its exclusive Q-DRIVE(R) powertrain is expected to deliver an emission-free 50 miles per full charge of its Lithium-ion battery, and a total extended range of more than 300 miles through the use of its gasoline powered engine/generator. If driven fewer than 50 miles per day and fully charged overnight it is possible the Karma can use as little as one tank of gas per year. More than 1,500 of the plug-in hybrids have already been ordered.

It is estimated some 821 million gallons of gasoline will be saved and 8 million tons of CO2 offset from sales of Fisker plug-in hybrids through 2016, based on SAE J2841 Electrical Usage Statistics.

[Source: Fisker Automotive]

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The Fisker Karma plug-in hybrid electric vehicle will emit just 83g CO2/km and have an economy rating of 3.5L/100km, according to SAE methodology measuring emissions for plug-in hybrids. Making its German debut at the Frankfurt Motor Show next week, the four-door Karma will be one of the cleanest, most fuel-efficient cars in the world, but will still offer world-class style and performance.

Calculations developed by the Society of Automotive Engineers (SAE) estimate carbon dioxide output will be less than that of today’s cleanest production cars and 75 percent less than that of competing vehicles, on average. SAE is an internationally recognized organization of experts that help drive government automotive policy.

Some 941 million liters (248 million gallons) of gasoline could be saved and 2.3 million metric tons (2.5 million US tons) of CO2 offset from sales of 15,000 Karmas per year through 2016. Still, with 403hp and more torque than many supercars, 0-100km/h (62mph) takes about six seconds and maximum speed is 201km/h (125mph).

“The Fisker Karma is the future of driving,” said Henrik Fisker, CEO. “It proves we can drive environmentally responsible cars without sacrificing the emotional things that made us fall in love with cars in the first place.” Fueling the Karma could cost just €0.02/km ($0.03/mile), consuming as little as 21 kilowatt hours per 100km in its electric-only Stealth mode, according to SAE methodology. However, a real-world annual average would be closer to €0.05/km ($0.07/mile) based on a mix of Stealth and Sport (gasoline) mode use. Actual economy and emission results will vary depending on individual driving habits and usage requirements.

In Stealth mode—engaged on demand via steering wheel-mounted paddle switches — the Karma can be driven into the growing number of traffic-restricting Low Emissions Zones (LEZ) across Europe. Some 70 cities and towns in eight European countries have opted for LEZs, including Berlin, Stuttgart, London and Amsterdam.

The Karma will be the first production Plug-in Hybrid Electric Vehicle (PHEV) when it goes on sale in 2010. Its exclusive Q-DRIVE® powertrain is expected to deliver an emission-free 80km (50mi) per full charge of its 22kWh/200kW Lithium-ion battery, and a total extended range of more than 480km through the use of its gasoline powered engine/generator.

Fisker Automotive is poised to benefit immensely as support from countries around the world for clean vehicles increases. For example, the US has announced its intention to put 1 million plug-in hybrid cars on its roads by 2015.  Germany recently unveiled an action plan to have 1 million electric cars on its roads by 2020. Japan wants electric vehicles to make up half of all vehicle sales within a decade.

[Source: Fisker Automotive]

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The Fisker Karma Plug-in Hybrid made its public driving debut over the weekend, just 19 months after being introduced as a concept vehicle. A prototype of the 403hp full size sedan reached speeds in excess of 100mph, utilizing both Sport (hybrid) and Stealth (electric only) modes around Mazda Raceway Laguna Seca during the Rolex Monterey Historic Automobile Races.

Fisker Automotive co-founder and COO Bernhard Koehler was driving.  California-based Fisker Automotive is developing the Karma to be the first production Plug-in Hybrid Electric Vehicle (PHEV). The Karma proves fuel-efficient vehicles can still generate the passion and excitement that made people fall in love with cars in the first place. Although the Fisker Karma can reach 60mph in six seconds and a top speed of 125mph it can also achieve well over 100mpg. Carbon emissions are also much lower than today’s hybrids.  “This demonstration represents a significant milestone for Fisker Automotive and PHEV technology,” said CEO Henrik Fisker. “The future of clean cars is bright.” Fisker Automotive is scheduled to start customer deliveries in summer 2010.  The Karma has a range of 50 emission-free miles on a full charge of its Lithium-ion battery, and a total range of 300 miles thanks to an on-board generator turned by traditional but efficient 260hp, four-cylinder gasoline engine. Combined with two powerful electric motors, these components make up the Q-DRIVE® powertrain exclusive to all Fisker automobiles. Q-DRIVE® delivers the ultimate combination of performance, range and efficiency.

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In her new role, Eulberg will develop global sales and marketing strategies and manage Fisker’s worldwide retail network. Eulberg is the latest passionate and effective industry veteran to join the team at Fisker, which already consists of top talent from some of the world’s most prestigious automakers.

“Marti’s experience as an international leader is why she will add tremendous value to our operation,” said Henrik Fisker, CEO. “Our retailers are eager to get started working with her.” “It’s not often you get the opportunity to help build a car company from scratch,” said Eulberg. “Fisker has the right idea and the right product at the right time. I am very excited to be a part of it.” Fisker Board member Vic Doolan was instrumental in recruiting Eulberg, who helped achieve record sales while both were at Volvo North America and BMW North America. “I can think of no better fit than Ms. Eulberg to lead Fisker’s global sales and marketing activities,” Doolan said. Eulberg, 45, held various executive sales positions at Jaguar Cars and Volvo from 2001 to 2008. From 1992 to 2001 she developed regional sales strategies at BMW North America, and managed the largest metropolitan volume Ford dealers in the US from 1986-1991. Eulberg has an MBA in Marketing from St. Thomas Aquinas and a B.S. in Management from Maryville University. She began her career as an intern with General Motors.

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