Fisker says $30 million in cars destroyed by Sandy in N.J. port; More than 10,000 cars damaged by storm at Port Newark
DETROIT, Nov. 7, 2012 /PRNewswire/ -- Top story from the current November 5 issue of Automotive News previewed below.
After the storm
Fisker Automotive lost more than $30 million worth of luxury cars when a shipment of Karma plug-in hybrids was flooded during Superstorm Sandy last week.
More than 300 Karma cars, which each start around $100,000, were destroyed at a New Jersey port during the storm, Fisker spokesman Roger Ormisher said on Tuesday.
The cars were insured and Fisker expects "no impact from a business or a financial point of view," he said, adding that Fisker does not expect any problems with meeting U.S. demand.
The 300 Karma plug-in hybrids were among the more than 10,000 vehicles damaged during the storm at Port Newark, Ormisher said, citing details he received from port officials.
ABOUT AUTOMOTIVE NEWS
Based in Detroit, Automotive News has been the place for all the news that is happening among automotive retailers, suppliers and manufacturers since 1925. In addition to the 100% paid weekly print issue that is received by 60,000 subscribers, autonews.com is a vibrant website with more than four million page views monthly. It contains the day's breaking news and features two daily newscasts and webinars. Daily and weekly e-mails and breaking news alerts keep the industry's top executives up-to-date.
SOURCE Automotive News
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article