Here Comes Karma!
When the Fisker Karma hits the market as early as April 2011, it will be the first true luxury sedan available in the US market that offers emission-free driving without the limits of an electric vehicle. The Karma features an electric drivetrain that will travel around 50 miles purely on the electric power but when the battery runs low, unlike the Tesla Model S that will also offer emission-free driving, the Fisker Karma has a gasoline engine that can keep the car going until the next time you can charge the battery.
Production of the Fisker Karma began today at Valmet Automotive's plant in Uusikaupunki, Finland. Valmet is best known for the fact that they have been building the Porsche Boxter since 1997 and the Porsche Cayman since 2005. Valmet also currently builds the Th!nk City car along with the Fisker and the Porsches, while building cars for Saab, Opel and Renault in the past.
The Fisker Karma is expected to carry a price tag in the neighborhood of $98,000 – making it more expensive than even the highest-range Tesla Model S (the 300-mile Model S is $77,000) but the Fisker has the advantage of the range extending gasoline engine so with the Karma, you can feel good about driving emission free while not having to deal with “range anxiety”.
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A total of 15,000 Karma plug-in hybrids will be built at Valmet production facility in Finland.
Company looking to raise between $75-150 million.
Karma has hit the same price range as Tesla’s electric sports car the Roadster.
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