Boutique automaker Fisker has defied the global financial crisis to secure funding for the development of its electric sedan and convertible.

While motor city crumbles around him, Chief Executive Officer Henrik Fisker secured a cash boost of AUD$116.4 million (US$85 million) despite forecasts of doom for the manufacturer.

The company was adamant it would press on with [...]

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Fisker Automotive has let slip that it plans to release a lower-cost plug-in hybrid vehicle, which will be “a step above” the upcoming Tesla Model S and Chevy Volt.

Speaking to Inside Line, Fisker spokesman Russell Datz said the new model would be significantly less expensive than the $87,900 2010 Fisker Karma luxury sedan (below).
“One of [...]

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Hybrid sportscar start-up Fisker Automotive has enlisted some 32 US car dealerships to help it sell the radically-styled Karma hybrid sports sedan, which is slated to enter production by the end of this year.

Fisker aims to sell over 15,000 Karmas each year, with a great proportion of sales coming from the USA. The California-based company [...]

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