Thursday, November 6, 2014

Fisker Automotive Planning Relaunch

Fisker Automotive, one of Southern California's biggest technology startup flameouts in the past decade, appears to getting set to be relaunched as a brand by Chinese automotive maker Wanxiang. Wanxiang has launched a new website featuring the Fisker auto brand, and Lake Forest-based Quantum Fuel Systems Technologies said earlier this week that it has entered into an agreement with Fisker Automotive and Technologies Group LLC--the new owner of Fisker--to provide its plug-in hybrid control software for a relaunch of the Fisker Karma. Exact relaunch date and availability of the Fisker vehicles has not been announced. Quantum said it will be Fisker Auto Group's exclusive software development partner on the hybrid control software for the Karma, Atlantic, and future platforms. Wanxiang is in the midst of acquiring the bankrupt remains of Fisker Automotive, which had burnt through more than $1.4 billion in funding.

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