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Fisker Lights Fire Under CEO Post, Hires Former Chevy Volt Head

Tyler Durden's picture


Fisker, whose Karma superburningcar made headlines two days ago for being the latest addition to America's New Spontaneously Combusting Green Normal, has decided to double down on that elusive spark, and has released the incendiary news that it has hired as CEO none other than head of that other hot selling eco-car, the Chevy Volt. From Reuters: "Fisker Automotive named the former head of General Motors Co's (GM.N) Chevrolet Volt program as chief executive on Tuesday, marking the second time the troubled, government-funded start-up has replaced its top executive this year. Tony Posawatz, who oversaw the development of the Chevy Volt plug-in hybrid for six years before he left GM this summer, will replace outgoing CEO Tom LaSorda. "I've been recruiting him for quite a while and certainly had some people assist me in giving him the full story," LaSorda said during a conference call with reporters. "He's come in with eyes wide open."" Hopefully he's also come in with a fire extinguisher.

The farce continues:

Posawatz is Fisker's third CEO this year and he joins the company as it struggles to rebound a series of high-profile quality and financial setbacks with the launch of its flagship plug-in hybrid sports car, the Karma.


In March, a Karma battery, made by A123 Systems Inc (AONE.O), failed during a test conducted by Consumer Reports magazine. Fisker recalled 239 Karma cars in December to fix a battery defect that raised the risk of a fire.


Earlier this year, the Department of Energy froze the remainder of a $529 million loan to Fisker due to a one-year delay in its Karma launch. The bulk of that loan was slated to help Fisker build the new model, called the Atlantic.


LaSorda was named as CEO of Fisker in February to replace Henrik Fisker, a one-time Aston Martin designer, who founded the automaker carrying his name in 2007.


Under LaSorda, Fisker overhauled its business plan so it could be profitable without the DOE loans. LaSorda said he will be on hand to provide "fatherly advice" but will not have a formal role.


Fisker is hoping to regain footing with the launch of its Atlantic sedan, which will cost about half of the Karma, which carries a price tag of more than $100,000.

And now, the moment you've all been burning waiting for: cars on fire. Guess which is which.



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Tue, 08/14/2012 - 15:26 | 2704752 SemperFord
SemperFord's picture

Tommy Lasorda just wanted to go back to managing the Dodgers, or "Los Doyers" if you are Mexican

Tue, 08/14/2012 - 15:30 | 2704763 Almost Solvent
Almost Solvent's picture

I'd love to be the first plaintiff's attorney to take these fuckers CLASS ACTION!!!


33.33% PLUS costs & disbursements = $$$ for me and a voucher good for a free fire extinguisher for the clients. . .

Tue, 08/14/2012 - 15:34 | 2704788 Manthong
Manthong's picture

I hear they are snagging Hellboy and Liz for the Sales and Marketing slots.

Tue, 08/14/2012 - 16:22 | 2704932 Stackers
Stackers's picture

What was that old saying about the blind leading the blind ?

Tue, 08/14/2012 - 16:51 | 2704993 Precious
Precious's picture

Cost less to operate and more environmentally friendly ...

Tue, 08/14/2012 - 16:53 | 2704998 John_Coltrane
John_Coltrane's picture

Oophs, my car's burning.  This is really going to ruin my carbon footprint!  Damn that oxygen in the atmosphere.

Tue, 08/14/2012 - 19:15 | 2705300 knukles
knukles's picture

Talk about from the frying pan into fire.

Jesus H Fucking Christ on a Crutch.
Who in their right mind would hire people from GM?

It's a cultural bureaucratic infighting nightmare on par with Citibank.
People don't work there, they go to fight one another 5 days a week and think about the competition when drunk on Saturday nights.

Tue, 08/14/2012 - 23:45 | 2705845 FEDbuster
FEDbuster's picture

Along with a new International Sales Manger, Fire Marshall Bill, "Let me show you something....."



Tue, 08/14/2012 - 16:23 | 2704939 AGuy
AGuy's picture

The new CEO's secret business plan:

Factory equip every electric car with a fire extinguisher!



Tue, 08/14/2012 - 15:25 | 2704755 The Wizard of Oz
The Wizard of Oz's picture


Tue, 08/14/2012 - 15:32 | 2704781 Global Hunter
Global Hunter's picture

bullish fire extinguishers?  hehe

Tue, 08/14/2012 - 15:39 | 2704809 johnQpublic
johnQpublic's picture

firetrucks are diesel powered....because they need to be reliable

Tue, 08/14/2012 - 15:31 | 2704760 francis_sawyer
francis_sawyer's picture

Calling DC Fusor!!!... (Freak-a-Zoids... SHILLS... Please report)...


@Cthonic (from other thread)... See?... What the hell does the TSA need to be messin around with RDX for when they just could be buying Chevy Volts?... lol

Tue, 08/14/2012 - 15:30 | 2704769 Stoploss
Stoploss's picture

No worries, fire proof undercoating on the road monster guards against just this type of event should one of these spontaneously combust in front of you.

Simply drive forward over the burning object, then backward over it again, then forward over it again. (Cant say i didn't try to put it out)  ;)

Tue, 08/14/2012 - 15:33 | 2704786 francis_sawyer
francis_sawyer's picture

If you buy a Chevy Volt, you get a personal mini-fire extinguisher keychain...

Tue, 08/14/2012 - 15:51 | 2704854 DCFusor
DCFusor's picture

Unlike the Volt, which was an electrical fire after total loss crashing one, then failing to drain the batteries - caught on fire in a shed three weeks later (wow, I'm scared), this was a gasoline fire not related to the electrical nature of the car in any way whatever.  Fiskar is a beginner at making cars, and just screwed up something all the majors know how to handle.  Even so, there are fairly frequent recalls of gasoline cars for fire issues - far more  per car sold (note -) than for electrics.

Sorry about you haters - short GM or long oil? (I trade both, either side)  Figured the true price of gasoline in deaths and military spending in the middle east yet?  Dig sending money to those who hate us?  Dig using overseas labor for everything?  You suck.

There are still zero - that's right - zero - Volt fires out "in the wild".  Just the one at NHSTA after they ignored all the safety procedures, 3 weeks after a total loss side impact test.  There have however, been a number of total loss Volt crashes with no fires.

I admit, I like my Volt just fine - it's a ton of fun to drive.  Charged off solar, but even if off the power company, those first 40 miles are about $1.25...not bad, and all American sources of power.

And only 1/3 or so of power in America comes from coal...things have changed since the right wing idiots got their made-up data.  I'm not green, I'm just cheap - and my wallet got too fat to sit on from old habits of getting X cash to live on, then never buying gasoline.  Suck it up.

That said, I wouldn't buy a Fiskar - too expensive, made by beginners at this game.  Later, maybe.

Here's what it took to make a Volt "fire up":


Then store it upside down, full of gas and charged, in a shed for 3 weeks.  Wow, I'm really scared now.

Tue, 08/14/2012 - 15:58 | 2704871 francis_sawyer
francis_sawyer's picture

+1 for being 'dutifully' right on cue...

Tue, 08/14/2012 - 16:01 | 2704877 ParkAveFlasher
ParkAveFlasher's picture

What puts out an electric fire, baking soda?  Trying to figure out the action here.  Is Arm & Hammer listed?

Tue, 08/14/2012 - 16:04 | 2704889 DCFusor
DCFusor's picture

Hey, you get a cool thing, everyone disses it from some irrational place, and it makes you want to defend your choice - not that it needs it, really.  I'd just like some happy company.  I don't troll for GM or anything, and in fact, bought my Camaro SS by shorting GM before they went bankrupt, but after they said they would.  Then traded it on the Volt, never looked back.  I'm not really young enough anymore to fully enjoy 450+HP on a 6 speed manual in a "street superiority fighter".  That thing made me feel naked without a helmet.  Just don't have the "want to kick every kid's ass" mentality anymore.  The Volt is more fun in practice, because people don't expect it to perform like it does - tire-spin limited below 40 mph, .87 G on the skidpad, and gee...40 mpg when you haveta burn gasoline.  With caddy accessories inside.  Nice deal, actually.

Don't test drive one if you can't afford to take it home, it'll just piss you off.


Tue, 08/14/2012 - 16:41 | 2704911 francis_sawyer
francis_sawyer's picture

+1 for being 'dutifully' right on cue...

But this part I agree with... "Dig sending money to those who hate us?"...

Yes ~ I do, in fact, resent paying TAXES to the IMF (aka 'IRS' ~ NOT an agency of US Treasury, but a, classification wise [said or unsaid], 'Guardia di Finanzia' of the UN)... And why?... So that the Apartheid State of Israel (aka ~ "City of London" for PC purposes)... can continue to delegate policy here amongst my homies...

Now ~ continue to carry on with your fucking gay ass Chevy Volt... & hurry up doing so before someone gets the goddamned brilliant idea (like the IDIOTS in Oregon ~ look it up)... To claim that all the rainfall and sun-rays that fall upon your state... BELONG TO THE STATE... & not you and your stupid ass farm... & therefore charge you a tax on it...

Tue, 08/14/2012 - 16:10 | 2704897 Dr. Engali
Dr. Engali's picture

It's like he has some sort of super hero capability.... My spidey sense tells me that somebody is writing a story about an electric car. I better go check it out.

Tue, 08/14/2012 - 18:29 | 2705191 TrainWreck1
TrainWreck1's picture

He's like the Simon Black of the automotive world, but with less cred

Tue, 08/14/2012 - 16:28 | 2704893 LeisureSmith
LeisureSmith's picture

"Dig sending money to those who hate us? " Don't worry, they only hate you for your freedoms so you'll be BFF's any day now.

Hey DC. checked out your site, some pretty cool stuff on there. 

Tue, 08/14/2012 - 16:26 | 2704947 Renewable Life
Renewable Life's picture

God, I love ZH, but Tyler take your nose out of that Mullah's or BP's ass and look around, get off the electric car haters bandwagon, do you know how many ford trucks exploded from rear impact collisions over an 8 year period in the late 80's early 90's......100's, and 100's of people where killed or injured severly from that!!!  Ford wouldn't admit for 8 years until the clash action got so danergerous, they recalled the S250 and surprise surprise, they found a flaw and fixed it, settled out of court for 10 of millions never admitting fault, and we go on pretending aitomobiles are safe again!!!!  But you don't hear people screaming about how their Ford truck is a killer mobile, that needs to be taken off the road!!  This battery shit is a red herring big time!! I own a Nisson Leaf, no gas in this thing, my wife commutes in it about 90 miles a day, saves us $350+ a month, gas is $4.25 a gallon in CA and rising!!  No oil changes, no fuel, lower insurance, $13,000 in tax credits, and my power bill has increased $5-$10 a month, and if we had PG&E, I could have gotten a 10% power bill reduction, but we don't unfortunately!!  

I could give a shit less about politics or any other bullshit marco economic arguement on this subject, I do it because it saves me thousands of dollars per year and takes me off the fuel roller coaster, I also make my own Biodiesel and pay zero dollars to drive my other two vehicles!!  I'll be charging my electric car off solar panels I manufacture myself from excess cells that china is kicking off the line and can be purchased on ebay for pennies on the dollar by fall!  If you guys want to remain slaves to the fuel industry, American or any other Countries, by all means go right ahead, but before you knock it, you better do your fucking math on the subject, and ask a couple people who are living with this technology, what they think and how it actually works!!  

Tue, 08/14/2012 - 16:51 | 2704995 francis_sawyer
francis_sawyer's picture

I can't speak for the populace, but I'm not an electric car hater...

I'm a hater of 'political footballs' & otherwise snarky ass MF's who feed the system (like bragging to everyone how they're a fucking genius by dropping $40+k on a maginal utility piece of crap to subsidize a bankrupt dinosaur which only exists anymore because of the largesse of taxpayers ~ mostly against their will)...

So if you want to fucking play 'Tesla'... More power to you... Why don't you be a REAL hero & after you cobble together all of what you need, write an article here on ZH & give us all the blueprints?...

Tue, 08/14/2012 - 19:26 | 2705328 otto skorzeny
otto skorzeny's picture

it's a noble concept- and I would not hesitate to buy electric @ a lower MSRP-but govt subsidation of anything smacks of corruption and graft

Tue, 08/14/2012 - 17:24 | 2705063 Papasmurf
Papasmurf's picture

Take off the rose colored glasses and calculate the true lifetime costs of ownership and use of your Chevy Coal-t for 125,000 miles of travel.

Tue, 08/14/2012 - 15:31 | 2704775 Poetic injustice
Poetic injustice's picture

Talk about going up in flames!

Tue, 08/14/2012 - 15:33 | 2704787 buzzsaw99
buzzsaw99's picture

They should call it the Joan of Arc. :groans from the peanut gallery:

Tue, 08/14/2012 - 15:35 | 2704791 canardo
canardo's picture

It looks kinda nice though, the Karma, doesn't it?

Tue, 08/14/2012 - 15:35 | 2704793 GS-DickinDaMuppets
GS-DickinDaMuppets's picture

Long Duracell and the Bunny.....


...doing GOD's work...GS-DickinDaMuppets

Tue, 08/14/2012 - 15:36 | 2704796 Colonel
Colonel's picture

Official car of Ghost Rider.

Tue, 08/14/2012 - 15:37 | 2704800 diogeneslaertius
diogeneslaertius's picture

"farce, farce, farce, farce, farce" -Phil Hartman


maybe if they change CEO's the con game will spontaneously generate an actual production industry

Tue, 08/14/2012 - 15:38 | 2704803 azzhatter
azzhatter's picture

Well, now I'm gonna buy one

Tue, 08/14/2012 - 15:38 | 2704804 dwdollar
dwdollar's picture

Do these things cost more to insure? Or is Uncle Scam subsidizing that too?

Tue, 08/14/2012 - 15:55 | 2704859 DCFusor
DCFusor's picture

Most electrics and hybrids cost less to insure than most gasoline cars - with no subsidy.  Most of the owners seem to be safer drivers or something.  I know I get a decent discount, but it's a combination of things.  I'm a good driver, OnStar shows my actual driving to the insurance company so they know how I drive and how many miles...the car is new and 5 star safety all around...a lot of factors.  Net result is that most of these class of cars cost less to insure.  Not so sure the super fast Tesla will, though - it's an electric Camaro SS, more or less, and can really get you in trouble fast.

Tue, 08/14/2012 - 16:07 | 2704898 e1618978
e1618978's picture

Recent studies have shown that Prius drivers are by far the worst drivers on the road.   There is somthing called "ethicial licence", where people who feel like they did a good thing then feel like they have licence to do a bunch of bad stuff.

Tue, 08/14/2012 - 18:15 | 2705147 jumbo maverick
jumbo maverick's picture

Onstar shows my actual driving to the insurance company so they know how I drive and how many miles

You make me wanna puke

Tue, 08/14/2012 - 15:39 | 2704810 earleflorida
earleflorida's picture

Teslas' Elon Musk was smart for firing  this bum!

Tue, 08/14/2012 - 15:45 | 2704827 FranSix
FranSix's picture

Look at the bright side.  Nobody will even park near your car when you go buy a bag of groceries.

Tue, 08/14/2012 - 15:56 | 2704863 DCFusor
DCFusor's picture

Actually, people come right on up to mine to ask about how cool it is.  No cart dings on it yet, though.

Tue, 08/14/2012 - 18:24 | 2705177 TrainWreck1
TrainWreck1's picture

I ran several advanced searches on Wolfram Alpha for 'chicks who dig DCFusor's Volt' and kept getting this result:


Tue, 08/14/2012 - 15:54 | 2704849 Dr. Engali
Dr. Engali's picture

It's a good thing that wasn't jet fuel, the car next to it might have collapsed.

Tue, 08/14/2012 - 16:01 | 2704875 NEOSERF
NEOSERF's picture

Very funny...should bring one to the next Burning Man rave ...

Tue, 08/14/2012 - 16:02 | 2704882 ParkAveFlasher
ParkAveFlasher's picture

It's a real HOT ROD.

Tue, 08/14/2012 - 16:09 | 2704904 Dr. Engali
Dr. Engali's picture

Hey! This is not a porn site pal!  Take those comments to the SEC chat room ;->

Tue, 08/14/2012 - 16:09 | 2704905 rosiescenario
rosiescenario's picture

These cars should sell like 'hot cakes'.....to all those folks with underwater mortgages searching for a solution....

Tue, 08/14/2012 - 16:11 | 2704912 papaswamp
papaswamp's picture

Methane pocket inside? Don't fart in the car....

Tue, 08/14/2012 - 16:13 | 2704914 alien-IQ
alien-IQ's picture

In addition to the "burning" problem...there's another fly in their ointment.

Is someone who can afford to pay $135k for a car really concerned with gas prices?

I saw a Fisker recently and it was gorgeous. If you stick a performance V8 in it, it would have been a perfect car. But $135k for an electric? Uh...no thanks.

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