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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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Manthong
Manthong's picture

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

Tue, 08/14/2012 - 16:22 | Link to Comment Stackers
Stackers's picture

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

Tue, 08/14/2012 - 16:51 | Link to Comment Precious
Precious's picture

Cost less to operate and more environmentally friendly ...

Tue, 08/14/2012 - 16:53 | Link to Comment 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 | Link to Comment 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 | Link to Comment FEDbuster
FEDbuster's picture

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

http://www.youtube.com/watch?v=0cD99RUEyBo

 

Tue, 08/14/2012 - 16:23 | Link to Comment 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 | Link to Comment The Wizard of Oz
The Wizard of Oz's picture

BULLISH LIGHTER FLUID!!

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

bullish fire extinguishers?  hehe

Tue, 08/14/2012 - 15:39 | Link to Comment johnQpublic
johnQpublic's picture

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

Tue, 08/14/2012 - 15:31 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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":

http://www.coultersmithing.com/forums/viewtopic.php?f=48&t=555&start=0

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 | Link to Comment francis_sawyer
francis_sawyer's picture

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

Tue, 08/14/2012 - 16:01 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment TrainWreck1
TrainWreck1's picture

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

Tue, 08/14/2012 - 16:28 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Poetic injustice
Poetic injustice's picture

Talk about going up in flames!

Tue, 08/14/2012 - 15:33 | Link to Comment buzzsaw99
buzzsaw99's picture

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

Tue, 08/14/2012 - 15:35 | Link to Comment canardo
canardo's picture

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

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

Long Duracell and the Bunny.....

 

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

Tue, 08/14/2012 - 15:36 | Link to Comment Colonel
Colonel's picture

Official car of Ghost Rider.

Tue, 08/14/2012 - 15:37 | Link to Comment 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 | Link to Comment azzhatter
azzhatter's picture

Well, now I'm gonna buy one

Tue, 08/14/2012 - 15:38 | Link to Comment dwdollar
dwdollar's picture

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

Tue, 08/14/2012 - 15:55 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment earleflorida
earleflorida's picture

Teslas' Elon Musk was smart for firing  this bum!

Tue, 08/14/2012 - 15:45 | Link to Comment 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 | Link to Comment 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 | Link to Comment TrainWreck1
TrainWreck1's picture

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

http://www.peopleofwalmart.com/54824/are-you-afraid/

Tue, 08/14/2012 - 15:54 | Link to Comment 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 | Link to Comment NEOSERF
NEOSERF's picture

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

Tue, 08/14/2012 - 16:02 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

It's a real HOT ROD.

Tue, 08/14/2012 - 16:09 | Link to Comment 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 | Link to Comment 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 | Link to Comment papaswamp
papaswamp's picture

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

Tue, 08/14/2012 - 16:13 | Link to Comment 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.

Tue, 08/14/2012 - 16:55 | Link to Comment css1971
css1971's picture

The electric is faster.

Tue, 08/14/2012 - 17:30 | Link to Comment gregga777
gregga777's picture

Faster at what?  Pouring good money after bad?  

How many electrically powered vehicles hold world land speed records versus gasoline-powered ones?

Tue, 08/14/2012 - 16:24 | Link to Comment Yen Cross
Yen Cross's picture

 I have a retail( car) dealers license, and occasionally go to the dealer auctions. So happens I saw a Fisker Karma, 2012 [ silver ] with 3,057 miles wholesale for $86,000 last week. Anyone who would want to piss away $15,000 in depreciation , on a electric firecart needs to have their head examined! It was probably purchased for an ex-Solyndra exec. /sarc

Tue, 08/14/2012 - 16:27 | Link to Comment Turin Turambar
Turin Turambar's picture

LOL, the Peter Principle at its finest!

Tue, 08/14/2012 - 16:31 | Link to Comment Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Why not hire the former president of Penn State!?  Oh, I forgot he was already hired by pedophile friendly DHS to a post so secretive it cannot be divulged.  Rumor has it he is involved in setting up TSA checkpoints on the streets of America.  (By the way, not even East Germany in its hay day had roadside check points!)

Tuco

Tue, 08/14/2012 - 16:52 | Link to Comment gregga777
gregga777's picture

What a bunch of ignoramuses! It is an absolute necessity to have high volume production of a product with the lowest possible complexity (e.g.an electric scooter, very small two-passenger city-street-only vehicle, etc.) to use the accompanying high-volume "learning curve" to drive down component costs.

That will encourage battery competitors to invest in research & development to increase battery energy density and build high-volume, automated production technology. Bear in mind that battery technology is very mature and compared to diesel fuel has an equivalent energy density of only about 1.3% (for Nickel-Metal Hybrid - NiMH - batteries. I do not recall Lithium battery energy density).

Battery cell-groupings also require temperature monitoring, and isolation circuitry that disconnects them from the power buss, lest a group of cells overheats and catches fire. A single short-circuit defect in a continuous film battery cell or panel will ruin it. That will necessarily limit cell/panel size and require expensive monitoring and isolation circuitry connected to the battery charging/monitoring system.

I have experience with Lithium batteries of an older technology. For legal reasons I cannot give details regarding the "incident" with a discharched battery pack. I can only say that it was a "life-changing" event for one unfortunate individual.

And batteries wear out very quickly compared to modern gasoline, diesel, and natural gas (stored as a liquid) fueled engines. The batteries being used in cars, by de-rating capacity may achieve 2,000 charge-discharge-charge cycles versus 250,000 to 500,000 miles for gasoline and diesel engines. And those can be rebuilt inexpensively compared to the cost of a new battery pack.

As a general rule, manufacturers of low-volume, very high cost products never (there is probably one or more exceptions) become mass production enterprises. Case in point: Honda overtook US automobile manufacturers by starting with motor scooters. The other Japanese automotive manufacturers similarly started with simple two-stroke scooters and/or motorcycles.

Tue, 08/14/2012 - 16:53 | Link to Comment Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

He made his name with Aston Martin and now, ironically, he's unmaking it with Fisker.

Tue, 08/14/2012 - 16:57 | Link to Comment Precious
Precious's picture

CIA did it using demolition charges.

Tue, 08/14/2012 - 17:22 | Link to Comment Pancho Villa
Pancho Villa's picture

I wonder what the Karma did in its previous life? Maybe it was one of those vending machines that always cheats you by almost dispensing the item you selected.

But it isn't a complete loss. For example, look at all the free advertising it got.

Tue, 08/14/2012 - 17:42 | Link to Comment Overfed
Overfed's picture

Why would anybody pay $41K+ for a Volt when they could buy a tried and proven Prius for a little more than half of what the Volt costs? As for a Tesla or Fisker Karma; $100K for a limited range "super" car? Fuck that. If I had $100K to piss away on a mid-life crisis, it would be a Nissan GT-R, a fukkin' real supercar.

Tue, 08/14/2012 - 17:41 | Link to Comment Jim B
Jim B's picture

Tony Posawatz is being hired because of his "influence" with the US dept of energy.......

 

In other words, they want free money from the US government! 

Tue, 08/14/2012 - 17:43 | Link to Comment Umh
Umh's picture

See; politicians do come up with great ideas. First they came up with subsides and then they come up with what to subsidize. That's two strikes y'all come up with as many third strikes as you care to.

Tue, 08/14/2012 - 17:49 | Link to Comment Umh
Umh's picture

Don't hit back and then walk away. I guess. Sorry about the double post.

Tue, 08/14/2012 - 18:45 | Link to Comment NoTTD
NoTTD's picture

Should have begun the press release with, "In a move nakedly designed to insure continuing access to American taxpayer funds,..."

Tue, 08/14/2012 - 19:23 | Link to Comment otto skorzeny
otto skorzeny's picture

that overpaid(unless he is from Scranton PA) crybaby firefighter had to get up from his nap in his gold-plated firehouse to do some actual work-THE HORROR

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