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Nov 30, 2012 NEWSwire
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PHOTO CAPTION: Tony Posawatz now leads Fisker Automotive and its plug-in hybrid models

Fisker to Launch Luxury Plug-In Hybrids Sales in China

Luxury car sales in China, the world's largest auto market, are forecast to grow to 2.7 million vehicles by 2020, overtaking the United States as the world's leading luxury car market.

Published: 30-Nov-2012

LOS ANGELES - Fisker Automotive will start selling its US$100,000-plus (S$122,780)Karma plug-in hybrid in China during the first quarter of next year to take advantage of the country's rapidly growing market for luxury cars, company executives said on Wednesday.

Fisker said earlier it would launch in China by the end of this year. But the company encountered a slight delay in obtaining final certification to sell cars in China and decided to focus on the Middle East first, spokesman Roger Ormisher said.

Tackling growing markets like China and the Middle East, where Fisker launched sales earlier this year, is a big part of the fledgling automaker's growth strategy after it suffered a series of financial setbacks and quality problems with the Karma launch.

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