Just about everyone is getting laid off tomorrow. Dont know much more than that.
these guys think soRight - no surprise here. Now we have a collector's car. And as has been stated before, warranties aren't dischargeable under Chapter 11. Also insurance will still be available at a reasonable price. Check out www.hagerty.com as one example.
So, after the news breaks, the major uncertainty to us as Karma owners will be not knowing why people are pointing at the car.
Unfortunately this is going to be a problem for most things. Some things were sourced from GM (engine part etc) but anything else is going to be a tough time.I'm not an attorney so you need do your own research. But my understanding is that manufacturers who declare Chapter 11 (reorganization in bankruptcy) are required by the court to set aside a warranty trust fund. Google on Daewoo, for example. The biggest problem is going to be access to parts. So the bottom line is if the service center can get parts, warranty claims should be honored.
In the May 2013 Automobile Magazine, Jamie Kitman writes an article titled The Karma of Fisker.
He describes the Karma as a strutting peacock bad boy of a series hybrid...
At one point he summarizes it as an impressive achievement.... simultaneously credible as a driver's car, a showy green machine and as an exclusive luxury device....
The team at Fisker Automotive is proud of everything that has been accomplished along the way and as the friends, fans and followers you have been there providing encouragement and support along the way.
To that we want to say thank you and we suggest if you are not familiar with the Fisker Automotive Adventures over the last couple of years give Jamie Kitman's article a read (its on pages 28 and 29 in the May edition of Automobile Magazine) it is a fair and balanced summary of our path over the past few years.
Instead of going bankrupt, CODA just stopped paying their bills and are being sued.CODA did the massive layoffs a few months ago but still have not went BK.
Actually no cars produced since last summer, but still plenty of cars left to sell was the problem. But I agree with you that one wonders what Fisker employees have been doing for all that time. There was news they hired that new marketing guy, but as one who follows EVs closely, I don't remember seeing any marketing. The only visible effort from the company, besides promising a software update, was that they were shopping around for more funding.surprised they [Fisker] didnt do it [layoffs] earlier since no car produced since summer and no cars to sell