When China’s Wanxiang Group purchased the corpse of Fisker Automotive back in 2014, the company came across as damn near obsessed with hatching a plan to revive the ill-fated Karma. As of this month, those plans finally seem to be firming up: Wanxiang has been approved to build a new factory to produce up to 50,000…
Fisker's new owner is committed – no, obsessed – with bringing the Karma back to life, and the first step isn't outlining a cohesive business strategy or securing a new production facility or releasing details about how it's fixed the original car. Nope. It's a new website. Welcome to TheNewFisker.com!
Lu Guanqiu, the Chinese owner of Fisker and the man that pledged to go bankrupt to beat Tesla, says that a new Fisker model is coming in three years, but only after production of the Karma resumes.
The seemingly never-ending saga of the bankruptcy and subsequent sale of Fisker Automotive looks like it finally has an end. After 19 rounds of bidding over two days, dark-horse suitor Wanxiang Group has acquired the destitute hybrid auto maker.