After a spectacular, billion-dollar meltdown, Fisker Automotive is set for a revival – more or less.
The once-promising California start-up crashed and burned and was purchased out of bankruptcy by China’s Wanxiang Group which hoped to relaunch the plug-in hybrid Fisker Karma. The Chinese company is teasing the turnaround of what will now be known as the Elux Karma.
Proclaiming “It’s On,” Wanxiang is promising to show off its version of the Karma sometime later this month — possibly at the upcoming Shanghai Motor Show. Other details are scarce, though a report by the China Daily suggests the reborn plug-in sports car will make it back into showrooms in mid-2016 at a price tag of around $135,000.