Breaking: Henrik Fisker Quits His Namesake, Fisker Automotive (UPDATE)

4 years ago by Jay Cole 17

Henrik Fisker Quits As Chairman Of Fisker Automotive

Henrik Fisker Quits As Chairman Of Fisker Automotive

In a move that does not bode well for the future of Fisker Automotive, the company’s founder has left after a serious disagreements with Board of Directors.

Karma  Production (or rather the lack thereof) Has Been A Major Issue For Fisker Since July of 2013

Karma Production (or rather the lack thereof) Has Been A Major Issue For Fisker Since July of 2012

In a statement to Autocar, the Fisker Chairman forwarded this statement:

“Effective as of Wednesday 13 March 2013, Henrik Fisker has resigned from Fisker Automotive as executive chairman, and has left the company.

“The main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy.”

Despite not building any cars since July, thanks to US battery maker, A123’s  bankruptcy and some slower than expected sales,  Henrik had been putting a strong face on the outlook of the company, and had recently been fielding take-over and assistance offers from 3 separate Chinese automakers.

Volvo’s parent company, Geely is currently assumed to be the lead candidate to take over control of Fisker later this year.

Fisker Automotive has yet to craft a press release on their Charimen’s sudden exit, but we will update this story as it becomes available later in the day.

UPDATE:  Fisker has now acknowledged (press release below)  their Chairman’s resignation, and notes his exit means business as usual for the company:

Fisker Automotive announced today the resignation of its Executive Chairman, Henrik Fisker. The Company recognizes and thanks Mr. Fisker for his service and many contributions as Fisker Automotive has progressed from start-up to a fully-fledged global automotive company.

Fisker Automotive is proud to have launched the world’s first extended-range luxury electric car, the award-winning Karma sedan. The Company has a strong and experienced management team and its strategy has not changed. Mr. Fisker’s departure is not expected to impact the Company’s pursuit of strategic partnerships and financing to support Fisker Automotive’s continued progress as a pioneer of low-emission hybrid electric powertrain technology.

Fisker, Autocar

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17 responses to "Breaking: Henrik Fisker Quits His Namesake, Fisker Automotive (UPDATE)"

  1. Schmeltz says:

    And here I thought it was going to be a slow car news day! I wonder if the news of Fisker leaving his own company is considered a good thing or a bad thing by the companies that are looking to buy Fisker Automotive?

  2. Jay Cole says:

    Fisker has just released a generic acknowledgement of the resignation and says everything will continue along its present course.

    /added statement to story

  3. Bonaire says:

    Can you describe if there is a business plan associated with “its present course”?

    Is Tony P. still there?

  4. Bill Howland says:

    Will future designs get better or worse? Will there be any future designs. Will they fix the current design?

    1. Roy_H says:

      I believe the current design has been fixed. They had problems with batteries that had a mis-aligned weld, bearing failures in the transmission, software issues, mis-aligned body panels, and a fan motor that caused fires. All fixed now. However all these problems have tarnished Fisker’s reputation as they are mostly related to the rush to get the car to market instead of spending more time testing.

      AFAIK they are still intent on producing the Atlantic. Clearly, if there is a new owner with fresh investment, they would not have bought control just to shut the company down. So there is very much a future for the company. Just what that future is won’t be apparent until the new owner is finalized.

      1. Bill Howland says:

        I’m skeptical of Mr. Fisker’s engineering prowess (or that of his team), if they didn’t even have the foresight to put a fuse in the electric fan motor circuit. After all, burning down a garage is a big deal for the unfortunate Buyer.

        So what else did they forget to Fuse?

        I test drove the Kharma twice. Each time the vehicles has problems with low speed “cogging”, indicating an unfinished design. In a “Luxury” vehicle over $110,000 no less.

        I suppose that the Chinese by this point have better engineers.

  5. MrEnergyCzar says:

    China as buyer of last resort…

    MrEnergyCzar

  6. James says:

    Remember those slow deaths in old cowboy B movies? There used to be these
    two old theaters in the downtown area of the town where I grew up – and on
    Saturdays my buddies and I would go there for pocket change and watch
    lousey movies – especially those ’70s ones where 50 cop cars get destroyed
    in various and sundry ways ( “Wow! That one blowed up reeeeal good!”, etc. etc. ).
    Sometimes we’d get a rip-off of a true Spaghetti Western ( ! ) – but it was always
    good for those slow moments between gunfights where a guy’d be shot and then
    the corny Italian-electro music would swain while the guy writhed in pain for, like,
    five minutes before he finally croaked! ( What GREAT acting! ) – Fisker’s death throes
    are pulling on those same emotional strings as the old, bad flicks of yore. Or maybe
    one of those “worst car wreck” programs where they keep showing each wreck in
    slow motion from every concievable angle – then at every speed possible overrrrr
    and overrrr until you say, “ALRGIGHT ALREADY – THE THING BLODE UP, GET
    ON TO THE NEXT ONE! “…..

    So, in other words, it’s kind of agonizing watching Fisker blow up, one little
    detail at a time. Even if China comes to the rescue, a big-buck Chinese
    EVer that never really got the bugs out or the engineering right and used it’s
    buyers as guinea pigs?…. Ya think it’ll ever fly?

    Hope Tony P. is job searching!

  7. James says:

    The Karma story is kind of like if GM introduced Voltec first in an ELR,
    But only R&Ded it for two years and sold it to customers before wringing
    it out and no quality control.

    Train wreck city.

  8. Open-Mind says:

    Considering their brand is so damaged now, and the guy it’s named after just bailed, it might be time to rename the company. Sort of a public reset.

    1. James says:

      Sure. Just don’t let it be one of those loopy Chinese labels like
      Chery, Wanxiang or BFD.

      …….er…… I mean, BYD.

  9. Open-Mind says:

    Jay, I’m pretty sure the date in the photo caption is wrong:

    “Karma Production (or rather the lack thereof) Has Been A Major Issue For Fisker Since July of 2013”

    Or maybe you made a time machine out of a Delorean, in which case I’m very impressed. 😉

    Either way, this is my favorite car site now.

    1. Jay Cole says:

      We were just, um…testing out to see if anyone would notice that. And…you win!

      /fixed
      //thanks for the compliment too, (=

  10. James says:

    All that said – If I had $95,000 to blow, I may go out and buy
    a Karma as it’ll definately be a perfect “oddball” car that’s a shoe-in
    collectible classic. You’d definately be able to recover your
    investment + lots extra in a decade-plus.

    1. Herm says:

      as a static display when the batteries go dead, but perhaps you will be able to find A123 batteries for it.. You will ALWAYS be able to find batteries for a Tesla, but you will need a gazillion of them

      1. evnow says:

        How many laptops does it take to change a Tesla battery ? 😉

      2. James says:

        It’ll still have that 2,0 litre four banger to get from posing place
        to posing place!