Friday, December 30, 2011

Fisker Buying Engines from BMW for New Cars

Electric vehicle developer California based Fisker Automotive is collaborating with Germany's BMW to procure the engines for upcoming Fisker mid-sized cars. Since its inception in 2007 Fisker has been working on luxury high-performing extended-range electric cars. The current generation of cars is sold under the name Karma, it has an all-electric drive range of more than 50 miles (51.6 miles or 83 km) and a solar roof. The Karma can go from 0-60 mph in under 6 seconds (5.9 seconds).

In September 2009 the US Department of Energy awarded the company $528.7 million loan guarantee to further develop the Fisker’s first plug-in electric hybrid (PHEV) the Karma and a new vehicle that goes under the code named Project NINA.

Fisker expects to invest $195 million in the project over the next three years. When fully operationally Fisker expects its new manufacturing facility to have a production capacity of 100,000 vehicles a year. This is the exact number of four-cylinder turbocharged engines it has ordered from BMW.

Fisker‘s CEO and Executive Design Director, Henrik Fisker said that with BMW’s track record of producing the most fuel efficient engines it was the “obvious choice” for Fisker’s new line of cars.

© 2011, Richard Matthews. All rights reserved.

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