California-based Fisker Automotive has halted production of its plug-in hybrid Karma luxury sedan after battery provider A123 filed for Chapter 11 bankruptcy last month. The automaker says it is suspending production until a buyer is found for the failed battery manufacturer.
The news, first reported by Bloomberg yesterday, is yet another setback to the fledgling automaker, which lost 300 European-bound Karmas during Hurricane Sandy and continues to delay production of its mass-market mid-size Atlantic sedan
Fisker will be waiting to see what happens when A123 is auctioned off on Dec. 6. Top suitors include U.S.-based JCI Industries and the Chinese Wangxing Group.
"Because we have no batteries, there?s no production right now. Inventory is starting to get a little low," Fisker CEO Tony Posawatz told Bloomberg. "We?d like to restart production as quickly as possible. We should know the outcome of the auction by the middle of December."
4th Of July 2012 Zach Parise Spain Vs Italy Euro 2012 tiger woods Pepco erin andrews erin andrews
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.