fisker karma

Green Car Reports has received confirmation from Fisker Automotive that they will not be participating at the 2011 Detroit Auto Show despite the supposed spring arrival of the Karma luxury plug-in hybrid in the United States. The company's next scheduled appearance will be at the Geneva Motor Show in March. According to company spokesman Russell Datz, Fisker skipping out on Detroit should not necessarily be perceived as a sign of trouble or more delays. He said production is still "scheduled for March." Also, as regular readers may recall, production of the solar roofs Quantum and Asola are producing for the Karma are due to begin early next year and a $30 million purchase order for key components for the vehicle's Q-Drive powertrain was also received by Quantum this past September.

There have been doubts raised about the start-up luxury brand's plans, but Fisker seems to be blessed with tons of luck so far. The company was born from a chance meeting by the wives of Henrik Fisker and Quantum Fuel Systems Technologies Worldwide Inc. CEO Alan Niedzwiecki at a Land Rover dealership outside Los Angeles. The two company heads got to talking, started a partnership and the recession that heavily affected the auto industry turned out to be a good thing for Fisker. With GM going into bankruptcy, Fisker was able to snatch up its Wilmington factory for a bargain – just $20 million. Add to that $528 million in low-interest loans from the U.S. Department of Energy and several hundred million more in private funds. The only thing that's missing is actually putting cars on the road and in people's driveways.

[Source: Green Car Reports, Autonews]