Hitting the Books: The amazing financial failures of Fisker Vehicles

Bad Karma: Fisker’s Government-Funded Failure

Elon Musk says Tesla’s success is because of the quality of its automobiles, not federal government funding– nevertheless whether you think him or not, it’s tough to different the success from the aids.

Unfortunately for Fisker, assembling its automobiles in Finland wasn’t enough to keep the business in the service of winning– or in business at all, for that matter: In December 2011– just one month after Fisker started providing its first automobiles to customers– the business launched a recall of all vehicles made in between July 1, 2011, and November 3, 2011.

From there, things just became worse: In October 2012, Fisker stopped automobile production after A123 Systems, the business that produced the Karma’s (malfunctioning, fire- susceptible) batteries, went insolvent.

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