The new Chinese owner of Fisker Automotive said the US carmaker will resume production of its luxury Karma plug-in hybrid model in the next year, Reuters reported. Pin Ni, head of the US unit of the Wanxiang Group, which acquired Fisker’s assets for US$149.2 million in a US bankruptcy auction, said Fisker plans to restart production of the Karma as early as this year at its plant in Finland and start selling Karma cars again in the US and Europe. The hybrid-electric vehicle is equipped with a small gasoline engine and was previously sold at a starting price of around US$100,000.
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