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First Drive: Karma Revero

Electric déjà vu.

by on Oct.24, 2016

The Fisker Karma is back and ready to roll again, albeit renamed the Karma Revero.

The look is familiar – though the hand-painted logo is clearly new, and it gives you a hint this isn’t the original Fisker Karma.

First of all, it’s now called the Karma Revero, and it’s the work of the Chinese-owned, California-based company that took over the assets of Fisker Automotive when that start-up went bankrupt four years ago.

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Fisker, you may recall, was named for Henrik Fisker, the Danish designer perhaps best known for penning the luscious Aston Martin DB9. Like Tesla Motors founder Elon Musk, Fisker had hoped to challenge the established automotive order, in this case with a family of plug-in hybrids. But just about everything that could go wrong did go wrong and Fisker Automotive went bust barely a year after the first Karma rolled into showrooms.


Karma Set to Build Renamed Battery Car in the U.S.

Plug-in hybrid now dubbed the Karma Revero.

by on Apr.26, 2016

The original Fisker Karma relied on a 2.0-liter I-4 range extender gas engine from GM.

The recently reborn Fisker Automotive will formally unveil its revived battery vehicle this coming summer, but both car and carmaker will be carrying a new name.

Now owned by Chinese auto parts company Wanxiang Group, Fisker has now been christened Karma Automotive, picking its name up from the plug-in hybrid vehicle it was building before its 2012 bankruptcy. That battery car will now be known as the Revero.

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The original Fisker Karma cost around $110,000, around the same price as a well-equipped version of the current Tesla Model S P85d battery-electric vehicle. The company’s new, California-based management team isn’t saying when the new model will go on sale, nor what it will cost, Chief Marketing Officer Jim Taylor cautioning that, “We are being careful about making promises.” But the goal is to start taking orders over the summer.


Chinese Cash Could Keep A123 Alive

But Wanxiang may eventual own 80% of U.S. battery maker.

by on Aug.08, 2012

A defect in the Fisker Karma battery pack was traced back to problems at the A123 production line.

Desperate for cash and struggling to restart its production lines after discovering a costly manufacturing defect, battery maker A123 has inked a tentative deal with a Chinese auto parts firm that could generate $450 million in much-needed cash.

But, in the end, the Wanxiang Group could end up with as much as 80% of Massachusetts-based A123, which currently provides batteries for the Fisker Karma and counts General Motors among the other automakers it has signed contracts with.

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The deal “will be beneficial” in a number of ways, said A123 CEO David Vieau, during a conference call to discuss the high-tech firm’s quarterly earnings and the Wanxiang deal. Most immediately, it will provide cash the American company desperately needs after some unexpectedly severe financial setbacks.  It will also help open up more markets for A123’s batteries, especially in China, and could improve economies of scale – translating into lower production costs, Vieau suggested.