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Fisker Karma Takes Another Step Toward Reality

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  • 2010 Fisker Karma Picture

    2010 Fisker Karma Picture

    Fisker Karma has a top speed of 125 mph, the company says. | August 12, 2009

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Fisker Karma Takes Another Step Toward Reality

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    SAN CARLOS, California — The $80,000 Fisker Karma, a luxury plug-in hybrid sedan, took another step toward reality with the announcement that Fisker Automotive and Valmet Automotive have signed the final contract to build the vehicle in Finland.

    Valmet Automotive also builds the Porsche Boxster and Porsche Cayman. It said it will build a new body welding line to accommodate production of the Fisker Karma.

    Production is set to kick off in the fourth quarter of 2009. "The first cars will be delivered to North America and the deliveries to Europe are planned to start in 2010," said the two companies in a statement. Annual production is pegged at 15,000 vehicles.

    "We are pleased with the current progress in this working relationship and know that we have the team that will help us meet our production goal," said Fisker Automotive Chief Operating Officer Bernhard Koehler.

    The Karma sprints from zero to 60 mph in less than 6 seconds, according to Fisker, and has a top speed of 125 mph.

    Inside Line says: We'll be waiting anxiously for this one. — Anita Lienert, Correspondent

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