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Brought back to life after bankruptcy, the Fisker Karma is now the Karma Revero. The Chinese multinational Wanxiang Group bought the assets of Fisker Automotive in 2014, and yesterday revealed the 2017 Karma Revero plug-in electric hybrid in Huntington Beach, Calif. The $130,000 Revero starting price is nearly $30,000 more than the original starting price […]

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Karma Automotive will be selling its Revero four-door coupe using a business model similar to both competitor Tesla Motors’ stores and its previous incarnation, Fisker Automotive. By year end, the Revero plug-in hybrid electric car will be available through a handful of high-end franchised dealers around the country. Karma also plans a few “brand experience […]

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Karma Automotive owner Wanxiang Group has asked for Chinese government approval to build a plant manufacturing plug-in electrified vehicles (PEVs). Wanxiang plans to build an electric car plant in Hangzhou, China, the city where the automotive components manufacturing company is headquartered. According to Bloomberg, the company filed an application for an environmental impact review, which […]

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Karma Automotive is moving forward on its business plan for U.S. operations with an engineering and sales office in suburban Detroit. The former Fisker Automotive, now owned by Chinese auto parts giant Wanxiang Group, is expected to spend $3.6 million and create up to 150 new jobs. The new office will be in Troy, Mich., […]

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The new owner of sports car company Fisker is moving forward with plans for its plug-in hybrid car, but it will be leaving the Fisker name behind. When the new car is launched, it will carry the name Elux Karma, according to sources interviewed by Reuters. The sources also said the car will be later […]

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We posted a piece yesterday discussing Michigan-based battery maker A123 making some necessary steps after emerging from bankruptcy, and today have some news relating to A123, albeit more indirectly. Green Car Reports got hold of an email sent to people who had bought the initial batch of 2012 Fisker Karma models by a representative from […]

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Bob Lutz is often called “father of the Volt” but claiming that that title too is Tony Posawatz, now a consultant at large, who was added to the board of directors for telematics company INRIX. Posawatz was the vehicle line director of the Volt during its development years through production, left GM, then took over […]

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In addition to hopefully re-launching the Karma series hybrid, Fisker Automotive’s new owners aim to introduce a second plug-in model within the next three years. However, both Lu Guanqiu, chairman and founder of Wanxiang Group Co., which bought Fisker during a bankruptcy auction earlier this year, and Pin Ni, president of the company’s U.S. unit, […]

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Lu Guanqiu, the chairman and founder of China’s Wanxiang Group Corp. which purchased A123 Systems and Fisker Automotive says he’s bound and determined to successfully compete against Tesla in the U.S. and China. Stated plans to build new plug-in hybrid models are few, but his will to win in the electric car market is plain, […]

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Yesterday former Volt line director and former Fisker CEO Tony Posawatz was announced as a new member of the Electrification Coalition (EC). His contribution to electrification was more pronounced when he was working for General Motors, where he worked over 30 years, and was in charge of the Volt from concerts stage in 2006 to […]

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