16 Fisker Karams caught fire after being submerged by Sandy's flood waters.

Fisker is dealing with fire concerns once again after 16 Karma sedans caught fire and burned to the ground after being submerged by floods caused by Hurricane Sandy. The vehicles were located in Port Newark, New Jersey.

So far the exact cause of the fires remains a mystery, but it likely has to do with the Karam's lithium-ion battery pack and electrical system coming into contact with the ocean's corrosive salt water. No injuries were caused by the blaze and Fisker says it is currently investigating the matter.

"It was reported today that several Fisker Karmas were damaged by fire at the Port of Newark after being submerged in sea water during Superstorm Sandy. We can report that there were no injuries and none of the cars were being charged at the time," Fisker said in a statement.

"We have confidence in the Fisker Karma and safety is our primary concern. While we intend to find the cause as quickly as possible, storm damage has restricted access to the port."

Prior to the most recent event, two other Fisker Karmas have spontaneously caught fire, resulting in one recall. One of those two fires was blamed on a faulty cooling fan, but it seems unlikely that a cooling fan was the root of the Port Newark fire - especially considering how many vehicles were involved.

Be sure to check back as we continue to monitor this story.