The newly reborn and now Chinese-owned Karma Automotive has signed a major powertrain deal with BMW, the German automaker set to provide key components for the plug-in hybrid soon set to go back into production.
Karma is the new name for what was originally known as Fisker Automotive, the California-based start-up that collapsed into bankruptcy in 2013. The deal with BMW allows it to replace the old 2.0-liter engine provided by General Motors for the original version of the Fisker Karma plug-in.
The deal “is giving Karma Automotive the opportunity to bring a stunning car back to the market, and the partnership with BMW and their outstanding track record is a great fit for the future,” said Karma CEO Tom Corcoran. “We will continue to develop beautiful cars with the latest cutting edge hybrid and EV technology.”