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Karma Automotive is a privately owned American luxury electric vehicle company founded in 2014 and now owned by Chinese conglomerate Wanxiang Group.Headquartered in Irvine, California [2] with an assembly plant located in Moreno Valley, Karma sells vehicles via its dealer network of locations in North America, Europe, South America, and the Middle East.
The Fisker Karma was revealed at the 2008 North American International Auto Show in Detroit. [21] It was the first car from Fisker Automotive, a then new auto maker based in Anaheim, California, founded on September 5, 2007.
The Karma was a plug-in hybrid luxury sports sedan produced by Fisker Automotive and manufactured at Valmet Automotive in Finland. After missing its initial late 2009 launch, and after the launch was rescheduled several times, the first deliveries took place in the U.S. in late July 2011 and deliveries to retail customers began in November 2011.
The Karma Revero is a luxury plug-in hybrid sports sedan manufactured in the United States by Chinese-owned Karma Automotive. It is a revamped version of the Fisker Karma car. The first of the new production, for model year 2017, was released in September 2016.
In 2014, Fisker Automotive's assets were purchased by Wanxiang Group, which renamed its new company Karma Automotive. Henrik Fisker retained the Fisker trademarks and brand. [20] On October 3, 2016, chairman and CEO Henrik Fisker announced the formation of Fisker Inc. [21] [22] [23] with his wife and co-founder Geeta Gupta-Fisker as president ...
The first car to be designed by Fisker Automotive was the Fisker Karma, a hybrid sports sedan. [19] [20] The Karma was the only car by Fisker to ever be produced. [2] In 2009, Fisker displayed the company's second model, the Karma Sunset, a two-door retractable-hardtop convertible based on the regular Karma.
The company said in court papers that it could restart production in the coming months, estimating that it would sell more than 1,000 Fisker Karma cars in the first 18 months in the U.S. and 500 in Europe. [5] The automotive company was renamed to Karma Automotive, and their car was renamed Revero.
The Destino was based on the Fisker Karma, which ceased production in 2012. VL had obtained 20 Karma "gliders" from Fisker Automotive, and reported 100 orders by May 2013. [4] Sales of the Destino were originally scheduled to commence in the second half of 2013, but the start was pushed back to 2014, [5] due to the ongoing restructuring of ...