wthreadgill said:
I read that all the Karmas will need the battery replaced. A123 agreed to warranty them but since Fisker was 25% of their business coupled with other issues, they filed for bankruptcy. It is doubtful that after all the dust settles the batteries will be warrantied by A123 thus putting the burden on the already cash strapped Fisker.
As I understand the other vehicles to be developed were put on hold due to finances and though they have raised more capital, it is not enough to bring the vehicles to market. Thus the Karma, (which appears to be growing in foreign markets are beginning to slow in the states), will need to sustain the brand for the next 18 or so months. As I understand engineering and factory layoffs have already occurred.
It also appears that 2 of the original 5 dealers here in Texas have ceased their affiliation with Fisker.
I love the car but I think I should take a "wait and see" attitude until the first of the year.
Ah. Now I understand. Thanks!
My understanding--and if I bungle this, will someone on the forum please correct me--is that a certain percentage of A123 batteries were found to have a defect in the cells and that Fisker corporate has a list of VIN numbers of Karmas that received those defective batteries. In other words, not every Karma has a defective battery.
Originally, A123 was obligated to provide Fisker with new batteries so dealers could replace the defective batteries at no cost to Fisker. Given that A123 is restructuring, no one, including Fisker corporate, realistically expects them to be able to make good on that obligation.
However, Fisker reiterated their commitment to Karma owners in a post here on the forum and in a similar letter sent to each owner of the Karma. You can read that post here: http://fiskerbuzz.com/forums/Thread-From-Fisker-Automotive
Meanwhile, A123 filed bankruptcy under Chapter 11 which allows for reorganization/restructuring. And now two companies, Wanxiang Group out of China and JCI Systems, are vying to purchase the assets of A123. Since A123 received government funding and members of Congresss have objected to the company being owned by a Chinese company, so it looks like JCI will prevail. People within Fisker corporate have indicated to several of us that they believe this will ultimately be better for Fisker and for owners of Fisker Karmas because JCI is a Tier One supplier of batteries with whom Fisker already has a relationship.
As for the Fisker dealerships in Texas, closing, I am not in the auto industry, and I don't have any inside information on why they closed. However, I think it is less a statement about Fisker and probably more a statement on each dealership, their cash reserves and how long their individual financial situations allowed them to keep X number of $100,000+ cars on their lots.
It takes a certain mentality to be an early adopter of a new product/brand/technology. Especially when that particular product sets you back six figures. So I can understand your reluctance to jump right in. I was also reluctant, so I hung around this forum for a few months asking questions. I'm REALLY glad I decided to buy my Fisker. I *love* driving it!
p.s.--the 2013 model year should be coming out fairly soon. I'm guessing you might be able to get a deal on a 2012 that is still sitting on a dealer's lot.