- Nov 13th 2008 at 5:30PM
Fisker and Valmet finalize Finnish production deal
While Tesla Motors has been scrambling just to stay solvent in recent weeks, arch-rival Fisker Automotive seems to be streaming ahead. Fisker just opened a Michigan engineering facility a few days ago and the startup has now finalized its deal to manufacture the Karma in Finland. Valmet Automotive will be responsible for building the bodies and doing final assembly. A new welding line will be installed at the Valmet factory and about 500 people are expected to be employed in the build process. Fisker is still targeting a production start in late 2009 with cars coming to the U.S. first followed by European deliveries in 2010. The Fisker Karma is expected to debut in production form at the Detroit Auto Show in January. It's possible that Fisker will meet its Job 1 target, but if I had money to spare, I wouldn't place this bet. Thanks to Joni for the tip!