Valmet Automotive will manufacture Fisker Automotive, Inc.’s plug-in hybrid Karma. (Earlier post.) The Finland-based contract manufacturer also produces high-quality specialty cars including the Porsche Boxster and Cayman for Porsche AG.
Production of the Karma—a 4-door PHEV sports sedan—is targeted for the fourth quarter of 2009. The Karma utilizes a powertrain developed by Quantum technology, and will offer 50 miles of all-electric range and 350 miles of total range.
After an exhaustive global search, we are thrilled to have found the ideal manufacturing partner in Valmet Automotive. Valmet offers us the quality and speed necessary to meet our production goals and given that more than half of Fisker Automotive's sales are expected to be outside of North America, Valmet represents an ideal international foothold. We do have a strategic plan to utilize an American manufacturing site for future models of the Fisker Karma.—Henrik Fisker, Fisker Automotive CEO
Initial US deliveries of the Karma will commence in the 4th quarter of 2009 in North America with planned delivery to Europe in 2010. Fisker Automotive’s annual production is projected to reach 15,000 cars.