Valmet Automotive, based in Finland, has signed a memorandum of understanding with Fisker Automotive to build the Fisker Karma. With this announcement, we also get further details surrounding the hybrid luxury sports car: According to Valmet CEO, Ilpo Korhonen, the Karma, which we have seen testing before, will be capable of traveling 50 MPH before the engine kicks in to charge the batteries. It has a maximum all-electric range of 62 miles, and the starting price tag for the US may be bumped up an extra five grand to $85,000.
Production is to start next year with exports bound for the USA, and sales in Europe will begin the year after. Maximum volume is targeted at 15,000 cars a year, which means demand from smug, wealthy motorists will be happily met. Yep, 2010 is shaping up to be one hell of a fuel-mileage battle royale. (Thanks for the tip manic-cynic) [Taloussanomat (translated)]