A new arrangement just announced will see Karma Automotive - née Fisker - buying hybrid powertrain components from BMW instead of General Motors.
Fisker Karma News
Ever look at an EV or a dedicated hybrid and wonder what it'd be like with a conventional, high-output V8 under the hood instead of all those batteries and circuit boards? Bob Lutz and Gilbert Villareal did when it came to the Fisker Karma. The result is the Destino from VL Automotive – a vehicle that Lutz says could be the fastest sedan in the world.
Fisker Automotive appears to be wrangling up its proverbial ducks and properly aligning them again after halting production nearly two years ago. After filing for bankruptcy, the Chinese company Wanxiang, like an angel made of money, scooped up the maker of the Karma range-extended electric sports car for the sizeable sum of $149.2 million. Now, Wanxiang is looking to relaunch the Karma by early 2015, and the car that we see upon its revival will likely look quite familiar.
New spy shots make it look like Bob Lutz's idea to convert the Fisker Karma into a fire-breathing sports sedan called the Destino might not be vaporware after all. Two of them were recently spotted testing in Death Valley sporting changes that make them appear closer than ever to actually going on sale.
It's easy to fall in love with the Fisker Karma based on looks alone. Figure in the luxury interior, electric drivetrain, and the convenience of the extended range, and it's hard to fault anyone who took the plunge and plunked down their hard-earned dollars for this swank green machine. Things go wrong, sure, as they do with any vehicle, but when the company goes bankrupt and you can't get the parts to get your car running again, let's just hope you really like the way it looks in your garage.
If you thought early Fisker Karma buyers like celebrities Leonardo DiCaprio and Cee Lo Green had deep pockets, get a load of the company's new owners. China's Wanxiang Group, which earlier this year acquired the extended-range plug-in vehicle maker in a bankruptcy auction, generates more than $23 billion in annual revenue, Automotive News says. Billion with a "b."