Highlights of Chrysler LLC Plan Submitted Today to the Senate Committee on Banking, Housing and Urban Affairs and the House Committee on Financial Services

    WASHINGTON, Dec. 2 /PRNewswire/ --

    -- Chairman and CEO Robert Nardelli looks forward to testifying before the
       committees later this week
    -- Chrysler will urge the immediate adoption of legislation that will
       allow domestic automakers to weather the current national economic
       crisis and continue to invest in industry-leading products,
       technologies and vehicles of the future
    -- Full plan available as a pdf file at www.media.chrysler.com

    -- The first question is, what changes has Chrysler made to help itself?
       Since Chrysler became an independent company in 2007:
          -- We eliminated over 1.2 million units of capacity, or 30 percent;
          -- We reduced fixed costs by $2.4 billion and, separated over 32,000
             employees - including 5,000 on the Wednesday before Thanksgiving.
             And at the same time  ...
          -- We invested in product improvements - over half a billion dollars
             in our first 60 days;
          -- We improved our latest JD Power quality scores, and reduced our
             warranty claims by 29 percent;
             Part of our business model transformation includes alliances and
             partnerships - for example - the agreements to produce vehicles
             for VW and for Nissan. As a result, through the first six months
             of the year, Chrysler met or exceeded our operating plan, ending
             the first half with $9.4 billion unrestricted cash.

    -- Why does Chrysler need the funding? We need to address the
       unprecedented drop in vehicle sales caused by the financial crisis.
       U.S. sales are down from a 17 million unit selling rate in early 2007,
       to an estimated 11 million unit selling rate for the fourth quarter of
       2008 - a 38 percent decline. We lost 20 percent of our sales virtually
       overnight when the financial market crisis forced us out of the
       consumer lease business. With customers not buying  ...  with dealers
       not ordering  ...  with our plants not producing  ...  Chrysler's cash
       inflow has suffered.
    -- So how will the bridge loan be used? Cash will support ongoing
       operations as we continue to restructure the business, including in the
       first quarter alone:
          -- $8.0 billion in payments to parts suppliers
          -- $1.2 billion for other vendors
          -- $900 million in wages
          -- $500 million in healthcare and legacy costs
          -- $500 million in capital expenditures

       Without an immediate working capital bridge, Chrysler's liquidity could
       fall below the level appropriate to ensure operations in the ordinary
       course by the first quarter of 2009.

    -- So, who is contributing to saving Chrysler? First and foremost,
       Chrysler and its extended enterprise will. That starts with me. I
       receive a salary of $1 a year. I have no employment contract, no change
       of control agreement, no "golden parachute," and receive no health care
       or life insurance benefits from the company. We are committed to
       negotiate concessions from all of our constituents.
    -- The next question - Does Chrysler plan to build cars and trucks that
       consumers want to buy, and that support the country's energy security
       and environmental goals? Our product plan features 24 major launches
       from 2009 through 2012. For the 2009 model year, 73 percent of our
       products will offer improved fuel economy compared to 2008 models. We
       plan on launching additional small, fuel-efficient vehicles. ENVI is
       our breakthrough family of all-electric  ...  and range - extended
       electric vehicles - similar to the one parked outside. Chrysler's
       product plan includes the introduction of the Ram Hybrid and our first
       electric-drive vehicle in 2010 with three additional models by 2013.
    -- Does Chrysler have a viable plan? With our requested bridge loan -
       absolutely! I also believe that further partnership, restructuring and
       consolidation would make the U.S. auto industry even more viable and
       competitive in the long run. Further opportunities for technology
       sharing would provide fuel-efficient cars and trucks more cost
       effectively and faster to market. The three-company alliance that
       developed the dual-mode hybrid is a good example. As a Country, we
       should not trade our current dependence on foreign oil for a future
       dependence on foreign technologies.
    -- The final question is, when will Chrysler pay back this loan? We
       believe we will be well positioned to begin repayment of the federal
       loans -- in 2012. I recognize that this is a significant amount of
       public money. However, we believe this is the least costly alternative
       considering the depth of the economic crisis and the options we face.

Go to www.media.chrysler.com for photo. Caption: Chrysler Chairman and CEO
Bob Nardelli shares details of the Company’s viability and accountability plan
with senior management at Chrysler’s headquarters in Auburn Hills, Mich., on
Tuesday, Dec. 2. Nardelli will present the plan to Congress later in the
week.

2009 Infiniti G Line Named to ‘10 Best Cars’ List by Car and Driver Magazine

FRANKLIN, Tenn., Dec. 2 /PRNewswire/ — Infiniti has added another
prestigious award to its trophy case with the announcement that its 2009 G
Coupe and Sedan have captured a place on Car and Driver magazine’s annual “10
Best Cars” list.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080506/INFINITIBADGELOGO )

Lauded for its “enhanced performance,” the Infiniti G was recognized by
Car and Driver for its powerful engine, agile handling, and quality of
interior appointments and features. The Infiniti G has been a part of the
magazine’s “10 Best Cars” list for 2003, 2004, 2007 and now 2009.

“The 2009 Infiniti G is back on Car and Driver’s ‘10 Best’ list due in
part to its 3.7-liter engine and new 7-speed automatic that provide more power
and better gas mileage than last year,” said Ben Poore, vice president of
Infiniti. “It’s yet another reason why we believe the Infiniti G is one of
the best sport coupe and sedan lineups on the market, and it’s particularly
gratifying when that fact is confirmed by leading automotive experts.”

The heart of the Infiniti G is its advanced powertrain, anchored by the
3.7-liter DOHC V-6 that cranks out 330 horsepower in the G Coupe and 328
horsepower in the G Sedan. This award-winning engine is backed by a new 7-
speed automatic transmission with available magnesium paddle shifters or a
smooth-shifting 6-speed manual. For the first time, both the Infiniti G Coupe
and Sedan are also available in all-wheel drive versions.

Inside, the Infiniti G Coupe and Sedan invokes “modern warmth” – a
sophisticated, luxury interior that also has an inviting feel. It is enhanced
by the available Infiniti Studio on Wheels(TM) by Bose(R) sound system, which
was designed specifically to perform comparably to a high-end home
entertainment system.

A hardtop convertible version of the Infiniti G, the 2009 G37 Convertible,
made its global debut last month at the Los Angeles Auto Show and is scheduled
to go on sale in the spring.

About Infiniti

Infiniti offers a full-line of luxury performance automobiles designed to
inspire at every turn, including the G sports coupe and sedan, M luxury
performance sedan, EX personal luxury crossover, FX premium crossover SUV and
the QX full-size luxury SUV. More information about Infiniti and the Total
Ownership Experience(R) can be found at Infiniti.com.

Abilene Family Drives Home New Hybrid SUV From WTU Retail Energy

ABILENE, Texas, Dec. 2 /PRNewswire/ — Shannon Moore and his wife
Stephanie received an early holiday present at Lawrence Hall Chevrolet Buick
on Tuesday, where they picked up their new hybrid GMC Yukon thanks to WTU
Retail Energy.

The Moores, both on active duty at Dyess Air Force Base, received a call
from WTU Friday confirming they’d been selected as the grand prize winner.

“We’re still in shock. This is such a complete blessing,” said Stephanie
Moore, who is expecting the couple’s third child. “We were talking to friends
during Thanksgiving dinner about needing to look for a new car with more room
for the baby seats.”

Her husband Shannon had just taken a second job to help pay for the
purchase of another vehicle.

“We were looking at the Yukon, but were planning on buying a used one,” he
said after signing the final papers needed to take possession of the new
hybrid at the dealership on Tuesday afternoon. “We don’t normally answer
out-of-territory calls unless we recognize the number. We’re sure glad we
answered that call.”

The vehicle giveaway was part of a larger promotion announced by WTU in
late July that included the distribution of 100 gas cards worth $200 each, and
a five percent price-down of its Direct Electricity Plan, which took effect on
September 15th. All of WTU’s residential customers were automatically enrolled
in the sweepstakes on September 1st, while others could enroll by downloading
a form on the company’s website.

“We’ve all seen the effects of climbing energy prices on our monthly
budgets — from rising prices at the gasoline pump, to increased costs at the
grocery store,” said Jim Steffes, vice president and general manager of WTU
Retail Energy. “As a long-term, customer-focused, energy partner to West
Texans, it’s been great to be able to help our customers — like the Moores –
manage some of those costs through stable electricity prices, and through this
giveaway of gas cards and the hybrid SUV.”

Steffes is officially presenting the keys to the Moore family as part of
the kick-off to this evening’s KTXS Abilene Christmas Lights Parade Powered by
WTU Retail Energy.

Making the holidays brighter in Abilene

Working with Habitat for Humanity and Dyess We Care, WTU is also
announcing the start of WTU Wednesdays at the Abilene Ice House where, in lieu
of the regular entry fee, skaters can bring a new, packaged compact
fluorescent lightbulb (CFL) and skate for free. Habitat for Humanity will then
use the collected CFLs in the homes they build in the new year.

CFLs are 70 percent more energy efficient than regular, incandescent
lightbulbs and last longer, helping reduce electricity usage, and ultimately,
electricity costs.

To mark its third year as a supporter of the Abilene Ice House, WTU will
offset the electricity usage associated with creating and maintaining the ice,
along with the associated facilities, with renewable energy credits. The
company has also replaced most of the Ice House’s holiday lights with
high-efficient LED lighting, which is 90 percent more energy-efficient.

“We want to make sure Habitat for Humanity and the Dyess We Care team,
both of whom provide such a tremendous service to Abilene residents, are able
to continue to do their great work in the community. And to do that, they need
the resources and funding they raise through the skating rink,” said Steffes.
“By helping them upgrade their lighting to LED lights, WTU is able to help
keep their electricity costs as low as possible, while still creating a very
festive atmosphere for everyone who comes out to the Ice House.”

WTU Wednesdays at the Abilene Ice House will run throughout the month of
December. The Ice House is located at Nelson Park Festival Garden and is open
every day of the week, including holidays, until Jan. 5. Hours of operation
are 6-10 p.m., Sunday through Thursday, and 6-11 p.m., Friday and Saturday.

About WTU Retail Energy

WTU Retail Energy is part of the Centrica group of companies, one of the
largest multi-state providers of retail energy services in North America. The
North American operations have grown to more than 5 million residential and
commercial customer relationships. Through its Direct Energy, CPL Retail
Energy, and WTU Retail Energy brands, the company is the third largest retail
energy provider in Texas, and owns a series of energy-related services
companies. Globally, the Centrica group of companies is a leading provider of
energy and other essential services with approximately 32 million customer
relationships. For more information, please visit
http://www.wturetailenergy.com.

Nanosecond synchronization on Universal Receiver Tester (URT) sharpens RF test for phase diversity

MONTREAL, Dec. 2 /PRNewswire/ – Averna today announced that it has achieved tight synchronization of a few nanoseconds for phase diversity applications performed on the company’s Universal Receiver Tester (URT), representing a major step forward in the generation, capture, and playback of RF signals. With this new feature, the software-defined URT can be used to test devices with multiple antennas, or at different frequencies (such as GPS L1/L2), helping automakers and in-vehicle receiver manufacturers ensure greater mobile performance for their products.

As Multiple Input / Multiple Output (MIMO) and multi-antenna topologies become more common in radio system architectures, test equipment must meet new and more complex requirements. In order to develop these advanced devices and test them efficiently, manufacturers need equipment that can produce parallel signals corresponding to those at the input ports of the receiver under test. Although some instruments currently on the market can generate test signals one channel at a time, engineers need these signals to be locked together for constant relative phase and latency (timing), an aspect not feasible with a typical ‘box’ instrument.

“This new, tight synchronization for phase diversity reaffirms Averna’s position on the cutting edge of RF signal testing, led by the revolutionary Universal Receiver Tester (URT),” said Dominique Fortin, URT product director at Averna. “We are continually refining our off-the-shelf RF test instruments to help in-vehicle entertainment and navigation system manufacturers better respond to the demands of a sophisticated marketplace.”

About Universal Receiver Tester (URT)

Averna’s award-winning line of Universal Receiver Tester (URT) hardware and software solutions empower RF device manufacturers to efficiently generate, record, and play back all common radio, video, and navigation signals in use today. Averna has partnered with eminent technology leaders to create these compact, breakthrough tools that remain ahead of the RF signal convergence curve, helping RF device makers build better products at a fraction of the cost, in a fraction of the time.

About Averna

Averna is a global test engineering software and solutions company. Averna’s mission is to accelerate electronic product development and improve quality standards for innovative high-tech manufacturers in electronics, telecommunications, automotive, aerospace, and defense, throughout the design lifecycle of their products.

OEMs rely on Averna to establish a global test strategy, to standardize and streamline their test activities, and to deliver leading-edge test systems designed in parallel with their own R&D efforts. They leverage Averna’s off-the-shelf software, instrumentation and communication solutions, and on-demand engineering services to maximize the impact of test on product success, from design to manufacturing.

www.averna.com

Find Lost Keys … With Your Glasses? 2-Way Key Finder – A Cool Gadget Gift That Bails Out Your Budget

ARLINGTON, Texas, Dec. 2 /PRNewswire/ — When it comes to gifts, they say
it’s the thought that counts. Guys hope you are thinking gadgets, but many
cost an arm and a leg. Here’s a gift you can afford that they will flip
over — Find One Find All(R) Key Finders (or FOFA(R) for short) from Melbourne
Designs, LLC.

These tiny 2-way wireless devices can be attached to keys, wallets, cell
phones, TV remotes or anything you want to keep track of. FOFA-XD comes in two
original sizes — a key fob about the size of a small car remote and a credit
card-size wallet version. And new for 2008 is a Glasses FOFA that doubles as a
standard eyewear lanyard and lets you find your glasses up to 60 feet away!
“The Glasses Finder is our most requested addition to the product line,” says
Amanda Melbourne, CEO of Melbourne Designs, LLC.

Keys misplaced? Use your wallet, cell phone or your glasses to find them.
Unlike other keyfinder systems, there is no clumsy base transmitter required.
“That’s just something else to lose!” says Melbourne. “And since each FOFA can
find all the others, you can use them at the office, in hotels, on vacation,
at home, anywhere.”

Unique to the new FOFA-XD line is its ability to detect other FOFA-XD
units, even when buried under stuff. In addition to beeping and flashing,
these Patented next-generation key finders transmit a radio beacon signal back
to the user, letting them know it is nearby and it’s time to start digging.
Expandable to 36 units, FOFAs are easy to use, a great gift and a gadget that
will be the envy of all.

FOFA can be ordered online at http://www.FindOneFindAll.com or by calling
(866) 245-8670 (Toll-Free). The two-pack of FOFA-XD Key fobs costs just
$24.95, the Flat Style FOFA-XD only $12.95 and the Glasses FOFA-XD just
$19.95. All include batteries and instructions. Customers can pay by Visa,
MasterCard, AMEX, PayPal or check/money order. Worldwide shipping is
available.

Contact Amanda Melbourne at (817) 478-7271 or email
info@FindOneFindAll.com for more information. Press-ready images are available
at http://www.FindOneFindAll.com/FOFAPress.htm.

Melbourne Designs, LLC is based in Arlington, Texas, USA.

This release was issued through eReleases(TM). For more information,
visit http://www.ereleases.com.

WABCO Introduces New High and Medium Power Compressors for Electronically Controlled Air Suspension Systems for Passenger Cars and Light Commercial Vehicles

BRUSSELS, December 2 /PRNewswire-FirstCall/ — WABCO Holdings Inc.
[http://www.wabco-auto.com] (NYSE: WBC), a global technology leader and
tier-one supplier to the commercial vehicle industry, introduced its second
generation compressor series for electronically controlled air suspension
(ECAS) [http://www.presseportal.de/link/ecas-engl] systems for passenger cars
and light commercial vehicles at the Vehicle Dynamics Expo recently held in
Novi, Michigan, USA.

Continuing the company’s 20-year track record of innovative air
suspension systems for cars and light vehicles, WABCO’s new high and medium
power compressors enable its ECAS technology to achieve constant vehicle ride
height even when fully loaded and various vehicle heights at different
speeds, thereby further increasing vehicle safety and enhancing passenger
comfort. WABCO’s second generation compressor series improves suspension
performance, while reducing cost for original equipment manufacturers and
making air suspension systems potentially more affordable for end users. The
first application is the rear axle air suspension in the new BMW 7 series.

WABCO reports significant market adoption of air suspension systems in
luxury cars and sport utility vehicles, while segments such as midsize
station wagons, multipurpose vehicles and compact vans represent additional
growth opportunities, particularly for rear axle applications on vehicles
that carry heavy loads relative to their vehicle weight.

“From 2000 to 2008, the global demand for air suspension systems for
passenger cars has nearly tripled and we expect continued growth in this
market,” said Daniel Samson, WABCO Vice President Car Systems and Products.
“In addition, original equipment manufacturers seek to increase fuel
efficiency further by introducing the air suspension function, which improves
vehicle aerodynamics by appropriately lowering the vehicle body at high
speeds.”

WABCO has further developed its ECAS technology to integrate an
electronic shock absorber control (ESAC)
[http://www.presseportal.de/link/esac_engl] system. In this combination, ESAC
determines the most effective damping level based on load, road surface,
speed, vehicle body movement and lateral acceleration. It improves vehicle
stability due to a diminished roll-rate, further increasing driver and load
protection.

20 Years of Innovation in Air Suspension Systems

In 1986, WABCO introduced its first ECAS system for passenger cars and
today offers a range of air supply modules and electronic control units for
passenger car air suspension systems. WABCO’s mechatronics enabled air supply
module combines compressor, air dryer, air spring valves, relay and the
electronic control unit, resulting in an innovative, cost effective and
easy-to-install solution. WABCO systems and components are increasingly being
installed on passenger cars and light commercial vehicles by major original
equipment manufacturers worldwide.

About WABCO

WABCO Vehicle Control Systems is one of the world’s leading providers of
electronic braking, stability, suspension and transmission automation systems
for heavy duty commercial vehicles. Customers include the world’s leading
commercial truck, trailer, and bus manufacturers. Founded in the U.S. in 1869
as Westinghouse Air Brake Company, WABCO was acquired by American Standard in
1968 and spun off in 2007. Headquartered in Brussels, Belgium, WABCO employs
more than 7,700 people in 31 countries worldwide. In 2007, WABCO’s total
sales were $2.4 billion. WABCO is a publicly traded company and is listed on
the New York Stock Exchange with the stock symbol WBC. Website:
http://www.wabco-auto.com

    Media contact

    Tobias Mueller, +49-69-7191-6834, tobias.mueller@klenkhoursch.de

    Investors and financial analysts contact

    Mike Thompson,  +32-2-663-9854,   mike.thompson@wabco-auto.com
    Jason Campbell, +1-732-369-7477,  jason.campbell@wabco-auto.com

Strategic Assessment of European Passenger Electric Vehicles Market – Can Electric Vehicles Revive the Auto Industry?

LONDON, Dec. 2 /PRNewswire/ — The Automotive & Transportation Group at
Frost & Sullivan is pleased to announce its 2008 Quarterly Analyst Briefing
Presentation on the “European Passenger Electric Vehicles Market” to be held
on Thursday, December 4th, 2008 at 3.00 p.m. GMT.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

The recent skyrocketing of motor fuel prices created a lot of economic
instability in world markets that has set an alarm. Depleting reserves of
fossil fuels and rising levels of greenhouse emissions are expected to break
electric vehicles (EVs) out of their niche end-user segments. The mainstream
adoption of EVs will open up opportunities for utilities, suppliers and
finance businesses, as efforts are being made to create a one-stop shop for
vehicles and energy. Electric vehicles are bound to feature on the product
roadmap of every OEM and open doors for a new industry, which is the
electricity utility market. Innovative business models and distribution
channels that have been making rounds will be discussed along with market
measurements.

“Companies have been chalking out innovative business models and related
businesses are planting electric charging stations in some of the European
countries. As a result of leasing trials conducted, OEMs may feel confident
that battery leasing is one of the effective options to bring down the cost of
ownership,” says Anjan Hemanth Kumar, Senior Research Analyst with Frost &
Sullivan.

Highlights of the briefing include: key drivers, restraints and
challenges, technology roadmaps, market size and forecasts, pricing analysis,
business models, as well as charging infrastructure.

This briefing will benefit vehicle manufacturers, EV manufacturers,
battery developers, governmental organizations, environmental associations,
energy companies-electric utilities, energy-automobiles finances, distributors
and dealers.

To participate, please email Anna Anlauft at anna.anlauft@frost.com with
the following information: your full name, company name, title, telephone
number, e-mail, address, city, state and country. Upon receipt of the above
information, a registration link will be e-mailed to you. You may also
register to receive a recorded version of the briefing at anytime by
submitting the aforementioned contact details.

Frost & Sullivan, the Global Growth Consulting Company, partners with
clients to accelerate their growth. The company’s Growth Partnership Services,
Growth Consulting and Career Best Practices empower clients to create a growth
focused culture that generates, evaluates and implements effective growth
strategies. Frost & Sullivan employs over 45 years of experience in partnering
with Global 1000 companies, emerging businesses and the investment community
from more than 30 offices on six continents. For more information about Frost
& Sullivan’s Growth Partnerships, visit http://www.frost.com.

     Contact:
     Anna Anlauft
     Corporate Communications Automotive & Transportation Europe
     P: 0049 69 770 33 12
     F: 0049 69 23 45 66
     E: anna.anlauft@frost.com
    http://www.frost.com

Solomon Awarded $500,000 Development Contract

DANBURY, Conn., Dec. 2 /PRNewswire-FirstCall/ — Solomon Technologies,
Inc. (OTC Bulletin Board: SOLM) announced today that it has been awarded a
$500,000 contract to develop a precision multi-output power supply as part of
a classified navigation system for the U.S. government. A production contract
of similar size is expected sometime next year assuming the development
contract is successful.

Peter W. DeVecchis, President of Solomon Technologies said, “We were
chosen from a number of competing suppliers based upon our reputation for
creating unparalleled design solutions for complex power problems coupled with
our commitment to deliver the solutions on time.” DeVecchis continued, “This
contract is another example of our success in using our depth in power systems
engineering to bring an expanding range of opportunities to the company. The
increasing backlog of business in our power electronics group provides a
strong backdrop for our expansion into other energy conversion markets,
including both the alternative and renewable segments.”

Information about Solomon Technologies, Inc.: Solomon Technologies, Inc.,
through its Motive Power and Power Electronics Divisions, develops, licenses,
manufactures and sells precision electric power drive systems, including those
utilizing its patented Electric Wheel, Electric Transaxle and hybrid and
regenerative technologies as well as direct current power supplies and power
supply systems requiring high levels of reliability and ruggedness for
defense, aerospace, marine, commercial, automotive, hybrid electric and all
electric vehicle applications.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995. The statements regarding Solomon Technologies, Inc. in this release
that are not historical in nature, particularly those that utilize terminology
such as “may,” “will,” “should,” “likely,” “expects,” “anticipates,”
“estimates,” “believes,” or “plans,” or comparable terminology, are
forward-looking statements based on current expectations about future events,
which management has derived from the information currently available to it.
It is possible that the assumptions made by management for purposes of such
statements may not materialize. Actual results may differ materially from
those projected or implied in any forward-looking statements. Important
factors known to management that could cause forward-looking statements to
turn out to be incorrect are identified and discussed from time to time in the
Company’s filings with the Securities and Exchange Commission. The forward-
looking statements contained in this release speak only as of the date hereof,
and the Company undertakes no obligation to correct or update any forward-
looking statements, whether as a result of new information, future events or
otherwise.

    Contact:
     Solomon Technologies, Inc.
     Peter DeVecchis, 727-859-4447
     www.solomontechnologies.com
     or
     Crescent Communications
     David Long, 203-226-5527

Fisker Automotive’s First Production Vehicle, the Fisker Karma, to Be Showcased at the North American International Auto Show (NAIAS)

IRVINE, Calif., Dec. 2 /PRNewswire/ — Fisker Automotive, Inc., a green
American premium sports car company, today announced that its first production
car, the Fisker Karma, will be showcased at the North American International
Auto Show (NAIAS). With only minor design enhancements made to the exterior
of the vehicle, the production Fisker Karma plug-in hybrid retains the extreme
proportions and beautiful sculpture of the January 2008 Karma show car.

(Photo: http://www.newscom.com/cgi-bin/prnh/20081202/LA49320)

(Logo: http://www.newscom.com/cgi-bin/prnh/20070905/LAW009LOGO)

“We are very excited to be bringing the Fisker Karma back to NAIAS,” said
Fisker Automotive CEO Henrik Fisker. “In the year since we debuted the Karma,
the reception we’ve received has been tremendous. I’m proud to announce at
this time that we are already sold out on the car until mid-2010.”

With a base price of $87,900 (USD), the Fisker Karma is scheduled to begin
delivery in November 2009. Featuring the proprietary Q-Drive powertrain, the
Fisker Karma will have an all-electric range of 50 miles (80km). After the
all electric 50 miles, the gasoline engine turns a generator to charge the
lithium ion battery. Once the 50-mile electric range has been exceeded, the
Fisker Karma can be used as a normal hybrid vehicle. With this balance of
electric and gas range, Fisker Automotive estimates that most Karma drivers
who charge the Karma overnight and commute less than 50 miles per day will be
able to achieve an average fuel economy of 100 mpg (2.4L/100km) per year.

The production model to be featured at the 2009 NAIAS will include an
upper grill that is graphically enhanced, being slightly larger towards the
outer corners. The lower air intake has been enlarged to allow for more
airflow and underneath the rear bumper, an aerodynamic diffuser includes the
integration of a cooling cover for the electric drivetrain.

To optimize cooling and aerodynamics, the exhaust pipe from the ICE engine
is routed directly out behind the front wheels. A small functional side vent
will release the hot air when the ICE engine is turned on. The Fisker Karma
also features a complete flush B-pillar. The B-pillar is a safety feature and
already fulfills the proposed 2012 rollover protection safety regulations.

Underneath the Karma is an all aluminum spaceframe made in cooperation
with Norsk Hydro. The exterior body is a combination of aluminum panels and
composite panels.

The Karma has a unique sustainable interior strategy. The design of the
interior cabin is a luxurious tailored space for four adults. The interior
will be unveiled for the first time in its final form at the 2009 NAIAS.

The vehicle’s ride and handling is decisively sporty and includes very
responsive steering. The Karma’s long wheel base, wide track and low center
of gravity provide excellent cornering and stability at highway speeds.

The innovative powertrain, Q-drive, utilizes a large, powerful lithium ion
battery and a powerful 2-liter direct injected turbo-charged 4-cylinder
gasoline engine developing 260 hp, which enables the Karma to achieve a
continuous top speed of 125 mph and a 0-60 of 5.8 seconds. The large powerful
lithium ion battery provides 22.6 kWh, which has unique control software. The
two powerful electric motors deliver a combined 408 hp.

    Additional features of the Karma include:

    Karma Powertrain "Q-Drive"

Powertrain Overview Description

The Karma powertrain is a high performance, high efficiency, plug-in
hybrid electric system comprised of three electric machines, three inverters,
a turbo-charged 2.0 L high-feature DI gasoline engine and an advanced Lithium-
ion technology battery pack. This hardware combination coupled with the
innovative Q-Drive control system provides for a unique driving experience
where energy, power, feel, and fuel economy are optimized to satisfy driver
demands.

Energy Storage System

The energy storage system incorporates an advanced lithium-ion chemistry
battery pack with integrated control and safety systems that ensure safe and
powerful operation throughout the operating life. The system has a maximum
storage capacity of 22.6 kW-hrs and is capable of delivering a peak electric
power of 200 kW (500 Amps at 400 Volts) throughout the charge depleting range
of operation. The Advanced Lithium Power battery pack has been designed for
the rigorous requirements of the automotive environment, and is a full “plug
and play unit” utilizing all advanced vehicle communications software. The
battery pack uses inherently safe cell chemistry and has been designed with
multiple levels of software and hardware features to ensure optimal
performance while providing the highest levels of safety features.

Powertrain Electric Traction

The power dense dual motor traction drive is capable of delivering a peak
output mechanical power of 300 kW (408 hp) and a peak torque of 1300 Nm
(959 Ft-lb) to the input of the differential. In Sport mode this provides for
a high performance luxury sport sedan acceleration time of 0 to 60 mph (0-100
km/h) in less than 6 seconds. The sustained (electronic limited) top speed is
125 mph (200 km/h).

Karma Powertrain Operating Modes

Stealth

Stealth is the default mode of operation. In this mode of operation the
Q-Drive continuously optimizes the system performance and efficiency around
fuel economy and electric operation. The high efficiency traction system and
stable battery pack operating characteristics provide for full no-compromise
electric performance on the urban driving schedule. The total achievable all
electric range of greater than 50 miles is realized while in Stealth mode. In
this mode the maximum vehicle speed will be limited to 95 mph with slightly
limited acceleration. When electric mode is exited, the charge sustaining low
energy threshold has been reached. The Q-Drive system then transitions to HEV
operation. In HEV mode, the Q-Drive still optimizes fuel economy.

Sport

Sport is a driver selectable feature allowing for enhanced vehicle
performance operation. This mode takes full advantage of the peak traction
system performance capability and delivers the peak on-demand power and torque
in order to achieve a 0 to 60 mph time of 5.8 seconds and a top speed of 125
mph. At anytime the driver can switch between stealth and sport modes.
Should the driver wish to change back to Stealth mode, the Q-Drive will
transition the vehicle operation to the Stealth mode low energy operating
threshold.

HEV

When in HEV or charge sustaining mode the Q-Drive control system operates
the vehicle very much the same as a normal strong hybrid. This includes
deceleration engine shutdown, zero speed engine-off, electric launch and auto-
start capability, and charge sustaining while maintaining charge balancing
throughout the customer drive cycle. When the driver is in Sport mode, the Q-
Drive automatically transitions to the charge sustaining mode at a higher SOC
level than when in Stealth mode. This ensures that sufficient energy is
available to support driver demands. Should the driver transition from
Stealth to Sport while in HEV mode, the Q-Drive will restore the higher low-
energy threshold. This provides for a high performance, on-demand, no-
compromise, vehicle operation.

Fuel Economy & Energy Recovery

The Q-Drive system in all modes of operation works synchronously with the
regenerative braking system and optimizes the energy recovery around driving
conditions, driver demands for downhill simulated engine braking, vehicle
speed, and road conditions.

Exterior Design

Eco Chic

Low, wide and coupe-like in profile, sensually sculpted surfaces mix with
dramatic and powerful proportions to give the Fisker Karma a “look” all its
own. The Karma’s dynamic stance is just as much a thing of beauty as it is a
result of the car’s proprietary technical layout. Standard 22-inch light
alloy rims at all four corners make Karma a world-leader in the wheel to body
relationship. Form and function go hand in hand at Fisker.

Furthermore, innovative and functional design features such as side-
mounted charging indicators, state-of-the-art LED-Xenon lighting, unique
external-mounted speaker covers and a one-piece solar glass roof work in
harmony to express the new design aesthetic that is Eco-Chic.

The exterior design of the production Karma is instantly recognizable and
makes no compromises, with only minor changes from the 2008 Karma show car.

Headlamps/Tail lamps

The Karma headlamp combines a Bi-Xenon main lighting module with state-of-
the-art LEDs making it one of the most energy-efficient headlamps ever
offered. The distinctive bezel design is yet another example of the new Eco-
Chic aesthetic.

The tail lamps features state-of-the-art LEDs for low energy consumption

Solar Roof

The Fisker Karma is unique in having the world’s largest continuous formed
glass solar roof panel on a car. The splayed solar cell array maximizes solar
ray absorption under various lighting conditions. The graphic accent that
runs between the solar cells gives the solar roof a unique and futuristic
appearance.

Solar Roof Functionality

The Karma solar energy system converts radiated power from the sun into
stored electrical energy. All energy gained from the sun supplants that of
the batteries and fuel, effectively increasing the electric range of the
Karma.

Solar Power Modes

During vehicle on mode and accessory mode, the electrical system will use
all available solar power. For vehicle off mode, the driver may choose from 3
solar power strategies.

1. Auto – the Karma will use the solar power for optimal benefit and
focus on system efficiency and reduced costs, including energy and longevity.
The Karma will use this default strategy unless the driver selects otherwise,
and the Karma resets to this strategy after each power-on.

2. Climate – the energy management system will utilize the solar power to
ventilate the passenger compartment and reduce the effects of radiant heating.
The driver can select this option from the solar menu.

3. Charging – the Karma will store as much energy as possible from solar
power. The driver can select this option from the solar menu.

System Architecture

The solar system architecture consists of a the solar panel and power
conditioning devices which manage the power delivered utilizing maximum power
point (MPP) tracking. The solar panel is comprised of 4 electrically separate
zones, each consisting of 20 cells in series. Each of the 4 zones
incorporates MPP tracking to maximize power output for various solar radiation
angles and partial shading conditions.

As a subsystem, it serves as an integral part of the vehicle onboard
energy management strategy to continuously optimizes and manage on board
vehicle energy.

    Technical Specifications
    -- 0.5 kWh/day
    -- 130 W

Charging Port

— Locking charging port with lid for 110V and 220V charging on driver’s
side rear quarter panel (analog to fuel filler on passenger side)

High-Performance Spaceframe Body Structure

Embodied in the Fisker Karma is a high-performance light-weight aluminum
space-frame – developed by the most experienced body structure engineers in
the automotive industry. The Karma aluminum spaceframe fulfills high
stiffness targets for bending and torsion while fulfilling all current crash
standards. The strong aluminum spaceframe allows the driver of the Fisker
Karma to experience a new level of body rigidity and damping. The resulting
steering feel and the driving dynamics will be unmatched in the 4-door sports
sedan class.

The side glass “DLO” appears as one smooth, unbroken curved surface that
incorporates a flush B-pillar. Due to the strong B-pillar, the Fisker Karma
easily fulfills the proposed 2012 rollover protection rules.

Vehicle Architecture

The Fisker Karma’s vehicle architecture layout features the lithium ion
battery packaged into the tunnel enabling a very low center of gravity in the
middle of the vehicle – perfect for best driving dynamics and safety. A
further advantage of this architecture is the completely closed and rigid body
shell that surrounds the driver and the passengers between the front and the
rear of the vehicle.

Interior

The final production interior will be unveiled in Detroit at the NAIAS on
January 15, 2009.

Chassis – Suspension

Designed to match the unique driving experience of the Fisker Karma’s
electric driveline, the suspension system balances attributes of a grand
touring sedan with the fun-to-drive characteristics of a legitimate sports
car. Using a systems integration approach to the complex tradeoffs of an all
new plug-in hybrid platform, engineers were able to meet rigorous functional
targets that are competitive with other luxury sports sedans. The design
result takes advantage of Karma’s low center of gravity, wide track, and long
wheelbase to deliver a unique driving experience with a blend of response and
comfort.

Both front and rear suspensions feature a “short long arm” (SLA)
architecture with a short spindle height. Similar to that found in many
sports cars, the compact package of the SLA suspension is compatible with
Karma’s low overall hood height and a dramatic rear end styling.

All suspension components including control arms, knuckles and sub frame
are made from lightweight cast aluminum. The liberal use of aluminum in many
chassis components reduces the overall weight, including un-sprung weight, to
improve agility and ride performance.

The Karma is controlled at each of four wheels with mono-tube shock
absorbers that are specifically tuned to improve the level of roll damping,
giving a sense of flat cornering with little body roll. The rear shock
absorbers are load-leveling, so the vehicle maintains its showroom stature at
any loaded condition.

Fundamental to the driver interface, the steering is a hydraulically
power-assisted rack and pinion. The hydraulic power unit is electrically
driven and tuned for optimum steering feel with a programmable servo assist
feature. Steering ratio is 14 to 1, with 2.7 turns lock-to-lock giving
remarkable steering responsiveness. Specific focus has been also been given
to balancing highway responsiveness with reduced parking efforts, giving a
sense of an overall smaller and more nimble vehicle.

    Brake Actuation System
    -- Electro-hydraulic brake boost unit with integral chassis control
       functions:
          -- Brake proportioning
          -- ABS
          -- Traction control
          -- Stability control
          -- Electrically regenerative brake blending with friction braking

    -- Parking Brake
       -- Electrically actuated parking brake, bi-directional switch operation

    Chassis - Wheels & Tires
    -- Tires
       -- Front:  245/35R22 Michelin Pilot Sport PS2 with optimized rolling
          resistance
       -- Rear:  265/35R22 Michelin Pilot Sport PS2 with optimized rolling
          resistance

    Overall Vehicle Specifications
    -- Acceleration ('sport' mode)
       -- 0-60 miles/hour  =            5.8 seconds (0-100 km/h in 60 seconds)
       -- Top speed (continuous)  =     125 miles/hour (200 km/h)
    -- Weight
       -- curb weight  =                4,650 lbs
    -- Range
       -- Electric Only Range  =        50 miles EPA city cycle
       -- Total Range  =                Over 300 miles
    -- Exterior Dimensions
       -- Overall Length  =             4987 mm
       -- Overall Width  =              1984 mm
       -- Overall Height  =             1330 mm
       -- Front Overhang  =             913 mm
       -- Rear Overhang  =              914 mm
       -- Wheelbase  =                  3160 mm
       -- Front Track  =                1689 mm
       -- Rear Track  =                 1720 mm

    Powertrain Specifications:
    -- Rear Wheel Drive
    -- Performance:
       -- Stealth Mode  =               max 95 mph - battery only
       -- Performance Mode  =           max 125 mph (ICE & battery - combined)
       -- Drive Motor(s) Power  =       2 x 150 kW (408 hp)
    -- Battery Size
       -- Dimensions  =                 1870 mm L x 205 mm W x 360 mm H
       -- Energy Capacity  =            22.6 kW hours
    -- ICE Powertrain  =                2.0 Liter DI Turbo Ecotec
    -- Exhaust System Location  =       Engine Bay
    -- Transmission  =                  Not Required

The Fisker Karma will be assembled by Valmet Automotive in a highly
automized assembly facility. Valmet Automotive is currently producing the
Porsche Boxster and Porsche Cayman. The first Fisker Karma will be delivered
to customers in November 2009. Yearly volume is anticipated to reach 15,000
cars per year.

A total of 40 retailers for the U.S. will be established by October 2009.
Fisker Automotive will announce 20 of their Retailers in January 2009.
European pricing will be announced at the International Geneva Motor Show in
March, 2009.

Fisker Automotive, Inc.

Fisker Automotive is a privately owned car company with Henrik Fisker as
the CEO. Fisker Coachbuild, LLC will be the exclusive design house for Fisker
Automotive through the entire range of product development. The company has
backing from Kleiner Perkins Caufield & Byers, Palo Alto Investors and Qatar
Investment Authority.

     Inquiries:  Sylvia Lopez-Navarro
     Telephone:  949-242-4911
     Mobile:  714-925-6643
     Fax:  949-757-4320
     press@fiskerautomotive.com
     www.fiskerautomotive.com

What’s Next for Electric Drive Vehicles?

-EDTA Conference Addresses Progress, Policies and Potential of Electrifying Transportation Sector-

WASHINGTON, Dec. 2 /PRNewswire-USNewswire/ — Hundreds of leaders from the auto, energy, and government sectors began meeting here this week to discuss ways to accelerate the development and adoption of fuel-efficient, electric drive vehicles during the Electric Drive Transportation Association’s (EDTA) annual conference.

“Now more than ever, it is important to establish the U.S. as a leader in the next generation of electric drive vehicles and technology,” said Brian Wynne, president of EDTA. “The electrification of the transportation sector brings economic benefits from new green jobs and spending more of our energy dollars domestically, as well as reducing greenhouse gas emissions.”

EDTA called on the new Administration and Congress to work together with industry to establish a comprehensive strategy to support the growth of electric drive hybrid, plug-in, battery, and fuel cell vehicles, battery technology, and invest in upgrades to the electrical infrastructure.

During the conference, taking place December 2-4 at the Washington Convention Center, more than 50 industry and policy leaders will address all aspects of battery, hybrid, plug-in, and fuel cell electric drive vehicles, components, and infrastructure. Featured panels include:

• Energy Policy Roundtable: Priorities for the New Administration
• Breakthroughs in Energy Storage: Advancing Battery Power and Performance
• Action on Energy in the 111th Congress: Views from the Hill
• Renewables on the Road: Greening the Grid and the Highway with Plug-in Electric Drive
• When Can I Buy One? Automotive Manufacturers Answer the Pressing Plug-in Electric Drive Question
• Next Generation Hybrids: Raising the Bar
• Beyond Cars: Electric Drive at Work Today
• Fuel Cell Electric Drive: Pushing Toward the Zero-Emission Solution and Dynamic Infrastructure Solutions
• Advanced Components: Batteries and Beyond and The Keys to a New Transportation Sector

For details on speakers and sessions, visit: http://edta.orchidsuites.net/sites/conf2008/ht/d/sp/i/483/pid/483

The EDTA Conference includes more than 40 exhibitors and 20 electric drive vehicles available for media and attendees to test drive during the Ride & Drive on Tuesday, December 2 from 10 a.m. to 2 p.m.

About EDTA: The Electric Drive Transportation Association (EDTA) is the trade association representing battery, plug-in, hybrid and fuel cell electric drive technologies and infrastructure. EDTA conducts public policy advocacy, education, industry networking, and international conferences. EDTA’s membership includes automotive and other equipment manufacturers, energy companies, technology developers, component suppliers, and government agencies. For more information about EDTA and its members, visit www.electricdrive.org.