2012 Fisker Karma sedan

Fisker Automotive's expansion negates impending bankruptcy claims


For months some in the punditry have claimed Fisker's woes were about to doom the company, but continued expansion of the company's dealer network, sales of the Karma, and success at raising private investment capital, are signs not of a collapsing company, but a growing one.

Fisker Automotive, the designer and manufacturer luxury plug-in hybrid sedans, is continuing to expand its dealership network. The company, which some claim is about to crumble into bankruptcy, is not acting like it is in financial distress. Instead its behavior is consistent with a growing company selling a popular product, both in the U.S. and abroad.

In early June the company signed an agreement to open Fisker of Montreal, it's 79th dealership world wide. Now news comes that the Guarnieri dealership group will exclusively import and market all Fisker Automotive vehicles into Spain, Portugal, and Morocco. Guarnieri is a long-established dealership group who already works with the likes of BMW, Porsche, Ferrari, and McLaren. The company also announced it is opening a showroom in Oslo Norway.

The announcement was made at the Marbella Luxury Weekend with Henrik Fisker saying “We are delighted to have an importer as well-established and experienced as Guarnieri to bring our range-extended luxury cars to Spain. This further increases Fisker Automotive’s international distribution footprint as we bring the concept of Responsible Luxury to consumers worldwide.”

At the announcement of the Fisker of Montreal deal, of the 79 dealerships 47 were located in North America, with the remainder located in Europe. The deal with the Guarnieri group would expand into a new area of Europe as well as touch into a corner of Africa. One wonders whether it is a good move to launch sales of a luxury car in a country facing the economic troubles underway in Spain.

In early June the company announced an agreement with the Penske Automotive Group to operate a new Fisker franchise, Fisker of Scottsdale, and to market and service Fisker cars in Arizona and the surrounding region.

The company also reiterated claims that the Fisker Karma is proving to be very popular among luxury car buyers. During the first four months of 2012, the Karma was the second best-selling luxury car in the Netherlands, ahead of the Audi A8, Mercedes S Class and BMW 7 Series. Additionally over 1,000 Karma's have been delivered to customers worldwide.

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Comments

Looks like the only electrics that sell cost around $100,000. Apparently they are benefiting greatly from being the only EV game in town (Tesla and Fisker), although Fisker uses gasoline when that shortranged battery runs out of juice and also anytime the driver demands more power, even though the battery may be fully charged.

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