It seems that hedge funds…
The Australian state of Queensland…
Bob Lutz has been involved at the top level of the motor industry for decades. Originally a fighter pilot, Lutz can be credited with coining the famous tagline that describes BMW as the “ultimate driving machine.” He was also at the heart of bringing Chrysler back from the brink of bankruptcy in the 1980s before moving on to become Vice Chairman, then later Chairman and President, at General Motors.
He is also a strong denier of climate change, calling it “a crock of sh*t,” in front of a roomful of journalists at the Cacharel restaurant.
So it might surprise you to find out that Lutz is leading an effort to buy out Fisker Automotive, and save the beautiful Fisker Karma from oblivion.
Related Article: Tesla Motors Pay Back their Entire DoE Loan Nine Years Early
Well don’t be too surprised, he is not doing it to save the electric vehicle, merely its shell. In fact he means to violate the soul of Karma by ripping out its clean, environmentally friendly electric drive chain, and stuff a dirty, polluting V8 gas guzzler in its place.
In a Forbes article Lutz admitted that he wants “Fisker to live and succeed, if only to ensure a continuing supply of Karma bodies for my and my parter’s VL Destino, a de-electrified Karma with a Corvette drive train.”
VL Automotive, Lutz’s company that is responsible for converting the Karma into a V8 muscle car, is backed by China’s Wanxiang Group in its efforts to buy out the DoE’s interest in Fisker.
By. Charles Kennedy of Oilprice.com
Charles is a writer for Oilprice.com