Fisker Gives Up the Ghost: Will Karma Survive?  

GTM has an update on the demise of electric car company Fisker Automotive - Fisker Gives Up the Ghost: Will Karma Survive?.

Fisker hasn’t built a car since July 2012. Pummeled by bad reviews and reports of vehicle fires and recalls based on problems with its battery packs from A123 Systems (another bankrupt, DOE-backed firm), Fisker struggled early on to gain traction. Last year’s Hurricane Sandy destroyed a warehouse containing $30 million worth of Fisker’s already-built Karma sports cars, and founder Henrik Fisker, a former car designer for Aston-Martin and BMW, left the company in March.