SAN FRANCISCO Feb 4 Electric vehicle startup
Fisker Automotive is consolidating its research and design
operations by transferring about 30 people from Michigan to its
Fisker said on Thursday the consolidation is to "accelerate
development of its next generation plug-in hybrids," known as
Beginning March 1, Fisker's global headquarters in Irvine,
California will house all design, engineering, sales,
marketing, and administrative operations, the company said.
All positions from the company's Pontiac, Michigan facility
would be transferred and the facility will be closed, but the
consolidation is not expected to affect Fisker's partnerships
with several dozen Michigan-based engineering firms and parts
Last month, the company said it had raised $115 million in
equity, clearing one financing hurdle that will allow it to
draw on U.S. government loans needed to sell the two plug-in
The Karma, a rechargeable sports car scheduled to go on
sale in September, is designed to travel 50 miles on a single
charge. It will sell for $87,900 and be built in Finland by
Fisker is also developing a second, lower-cost vehicle
under its Project Nina, a rechargeable sedan it expects to
start building in 2012.
That sedan is expected to sell for about $47,400.
(Reporting by Poornima Gupta, editing by Leslie Gevirtz)