Monday, August 13, 2012

More Bad News For Fisker As Karma Catches Fire

There's more bad news for Irvine-based electric auto maker Fisker Automotive this morning, as one of its Karma sedans caught fire in Woodside, California Friday. A video of the fire posted on YouTube shows the left front side of the Karma--which was parked--in flames, in a so-far unexplained self-ignition. Fisker has been dogged with reliability issues as it attempts to get its business off the ground, in many cases due to its use of A123's battery systems. Partner A123 itself was nearly driven to the point of bankruptcy due to those battery issues, but was saved by a major injection of funding from a Chinese investor last week.

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