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

MAR 13 2013 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

Categories: Fisker / Karma

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17 Comments on "Breaking: Henrik Fisker Quits His Namesake, Fisker Automotive (UPDATE)"

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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?

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

/added statement to story

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

Is Tony P. still there?

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

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.

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.

China as buyer of last resort…


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,… Read more »

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.

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.

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

…….er…… I mean, BYD.

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.

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

//thanks for the compliment too, (=

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.

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

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

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