• Jul 15th 2008 at 12:31PM
  • 10
California-based Fisker Automotive has signed a letter of intent with Valmet Automotive to assemble its Karma plug-in hybrid sports sedan in Finland beginning in late 2009. Valmet assembles cars under contract for other brands. Since the launch of the Porsche Boxster in 1997 Valmet has assembled the cars as a second source to Porsche's own factory in Zuffenhausen, Germany. Porsche recently announced plans to move Boxster production to Magna Steyr in Graz Austria in 2012. Fisker Karma production will begin at Valmet in the second half of 2009, with North American deliveries expected to begin in late 2009. European deliveries of the new car should start sometime in 2010. The companies are currently projecting volumes of 15,000 cars per year. In addition to manufacturing, Valmet will also supply engineering services for Fisker. Unlike the Tesla Roadster, which is shipped to California from the Lotus factory in England as a glider, Valmet will complete production of the Karma. The Karma is planned to have a 50-mile electric range with a gasoline range extender bringing the total to 350 miles. Thanks to Joni for the tip!

[Source: Valmet Automotive]

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    • 1 Second Ago
      • 7 Years Ago
      they also build saab convertibles.
      • 7 Years Ago
      Valmet? Valmet??

      Don't they make assault rifles?

      • 7 Years Ago
      With his gasoline range extender and 50 miles battery autonomy this car will certainly beat the tesla. It should be ready before the volt of GM a car like the fisker. I wish them luck.
      • 7 Years Ago
      Somehow it always looked like it came from Finland anyway.
      • 7 Years Ago
      This certainly adds credibility to Fiskar's ambitious goals. I really like the car in general and wish them well, but for my needs it doesn't look like it will have enough trunk space. Hopefull we'll be able to see a real one pretty soon now.
      • 7 Years Ago
      Oh, you're not even close! THIS car is ugly as sin:

      • 7 Years Ago
      I don't care how cool the technology is, that vehicle is ugly. Ugly as sin.
      • 7 Years Ago
      Valmet Automotives has a lot of available production capasity at their Uusikaupunki factory. Karma is no where near covering the factory´s capasity of producing 50,000 cars per year so they need more contracts. So there could be more electric car production news from Valmet as that is the direction they want to go. I for one would not mind a contract on some Mitsubishi i MiEV´ish and affordable electric car. Europe needs one just as bad as US.

      By the way, any news on the battery manufacturer for the Fisker Karma?
      • 7 Years Ago
      Smart choice by Fisker. Go with an established manufacturer, which will reduce build issues. Tesla, are you listening?
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