Karma Sales Generate $100M in Revenue in 2012
Fisker Automotive Inc., a maker of luxury plug-in cars working to overcome battery problems, said its rechargeable Karma sedans generated revenue of more than $100 million in the first four months of this year.
The closely held company has delivered 1,000 Karmas, priced from $103,000, in the U.S. and Europe since December, Fisker said in a statement today. The Karma is able to travel 50 miles (80 kilometers) on lithium-ion batteries before a gasoline engine propels it.
“We are encouraged by solid demand for the Karma,” Tom LaSorda, Fisker’s chief executive officer, said in the statement. “Pending completion of investment sourcing, we are poised to press ahead with further market expansion and development of our higher volume model, the Fisker Atlantic.”
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