Fisker Karma news

The Fisker Karma is being brought to life with a new name. It is promised to be reliable.

The founder and former directors of Fisker Automotive face an action of Atlas Capital Management which invested in the brand’s funds.

Fisker has filed for Chapter 11 bankruptcy defense as part of a rebuilding plan and sale to an investor team.

Fisker’s fall from grace has been well veiled over the last few years, but now information has surfaced presenting just how much money the US electric brand lost.

While American electric auto brand Fisker is still breaking through heavy issues, Karma drivers are now watching their cars’ resale value take a deep fall.

Previous Vice Chairman of General Motors, Bob Lutz, has united with Gilbert Villarreal to construct and sell the VL Productions Destino, which is actually a Fisker Karma without the electricity.

PrivCo, a private corporate intelligence firm, has presented a 20+ page folder on Fisker’s seemingly strong ability to fundraise for itself, while failing to do a good job of creating vehicles. With Fisker balancing on the edge of bankruptcy, the results are staggering; with only under 2000 products sold, Fisker burned through approximately $1.3 billion in venture capital, taxpayer-funded loans and private investor funds.