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Valmet to Manufacture the Fisker Karma PHEV

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.

Comments

Neil

fourth quarter 2009, sounds good, sounds unlikely. How about 3rd quarter 2010?

gr

Didn't Fisker take three years to design the Tesla White Star? Production and delivery of this vehicle is a year+ 1Q away? 2010 sounds more realistic in light of past experience and the state of Fisker's lawsuit with Tesla. Speculation is an injunction may delay Fisker to 2010 anyway:

http://www.popularmechanics.com/automotive/new_cars/4259796.html

sjc

It sounds like 2010 may be an interesting year for new cars. The Volt is suppose to come out then and other manufacturers are targeting offerings in that year as well.

Elliot

I LOVE this car, but who's going to service it? Is GM involved in this project? I seem to remember the speaker saying something about that in the autoshow unveiling on Youtube.

seyc

Well, Fisker Automotive is a joint venture of Fisker Coachbody. Fisker Coachbody is the one that makes the Cadillac a Cadillac and not just another GM car.

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