Posawatz becomes new CEO of Fisker Automotive

There is a change in the leadership at one of the widely anticipated and high profile new plug-in electric car startups. Tony Posawatz has landed a new portfolio!

Tony Posawatz who was formerly the head of Chevrolet’s Volt extended-range electric car program will now take over as the new CEO of Fisker Automotive the plug-in hybrid car maker.

Executive Chairman Henrik Fisker disclosed the news; “We are delighted to be adding an executive of Tony’s caliber to the Fisker Automotive leadership team. His depth of knowledge and experience in this innovative field of new technology means that he is one of the world’s most experienced leaders in vehicle electrification technology and the plug-in ecosystem.”

Posawatz appointment is to replace the former Chrysler CEO Tom Lasorda at the Orange County, Calif., based company. The corporation Fisker Automotive says their uttermost desire ahd always been to get a permanent CEO and that the firm was fortunate to find Posawatz this quickly also.

The firm was founded by Henrik Fisker, a veteran auto designer and in February named Tom Lasorda its CEO after bringing him in as vice president in 2011.

The portfolio Posawatz takes over from has not been without controversy although it is selling a single, swoopy model; the Karma. The firm has not had it easy making sales of the plug-in with a backup gas engine that sells for $104,000, including delivery fees.

Although a number of Hollywood superstars and celebrities, like teenage singer Justin Bieber and actor Leo DiCaprio, are driving Fiskers, its hefty price and the relative lack of popularity of the maker poses a huge problem for the firm and Posawatz knows he has to find a solution.

The firm unveiled Nina; a smaller, less expensive model but its progress too has been impeded by the halted installments on the $527 million loan the government is making to Fisker. So far Fisker has drawn down $190 million of the loaned amount and has been looking for ways to kick on private financing.

The Karma is built in Finland. The Nina would be built in the U.S.

DISCLAIMER: This content is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. - Contact us at support @ avauncer dot com if you have any questions or comments.