2012 Fisker Karma Eco Standard Sedan * Only 6,604 Miles * 403hp Hybrid on 2040-cars

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Karma begins deliveries of the Revero luxury plug-in

If you missed out on the Fisker Karma plug-in hybrid, you can now get your hands on the revived, revised version, the Karma Revero. Karma Automotive has officially begun trucking the cars to showrooms, and the company held a "Delivery Day" ceremony to mark the occasion. While it's a big deal for the customers who had preordered the Revero, it's a transformative moment for Karma, as Chief Revenue Officer Jim Taylor points out. "Karma has moved from a product development company to an automotive manufacturer," he says. "We have completed the critical steps to become a true luxury vehicle OEM. The launch is a great accomplishment for our Company and all our team members." The range-extended luxury EV hasn't changed much since its first life under the oversight of Henrik Fisker. The Karma Revero has two electric motors providing the rear wheels with 403 horsepower and 981 pound-feet of torque. A 21.4-kWh battery provides up to 50 miles of electric-only driving range, while an onboard gasoline generator extends that range to 300 miles. It can do 0-60 miles per hour in 5.4 seconds, and has an electronically limited top speed of 125 mph. It features 50:50 weight distribution and auto-leveling suspension for optimal handling. Karma has dealerships in Pasadena, Fort Worth, Atlanta, Miami, Palm Beach, Chicago, Detroit, Philadelphia, Toronto, and Montreal. Related Video:

Recharge Wrap-up: Karma expands in Michigan, Genovation to attempt another record

Karma Automotive (Fisker's successor) is expanding its engineering and program management team at its new Michigan office as it plans to launch the Revero. "Detroit is the home of some of the top technical resources and leading suppliers in the world," says Karma VP of Engineering Darren Post. Recent hires include former Ford GT engineer Kip Ewing, newly appointed President & Chief Operations Officer Dennis Dougherty, and other employees who "bring with them expertise in many technical areas and deep experience with many great companies such as Aston Martin, Rolls Royce, Tesla, Ford, FCA, and GM," according to Post. Read more in the press release from Karma. Businesses and developers in Phoenix, Arizona are planning their endeavors around the city's light rail project. Mixed use space The Newton, DeSoto Central Market, and Luhrs City Center are all located along the Valley Metro rail line. Not only does the light rail system help bring in customers, it is also a great way for employees to get to work. Valley Metro recently gave a tour of several businesses to highlight how light rail has been an important part of growth and development in the city. Read more at Mass Transit. Genovation is looking to set a new speed record for a street-legal electric car. The company recently set a record of 186.8 miles per hour in its GXE (Genovation eXtreme Electric car), which uses the frame and body of a Chevrolet Corvette. Now, Genovation is looking to push those limits further. We'll update you when we have more details, but for now, read more in the note below. Genovation Looks to Set Second World Speed Record With Proprietary All-Electric Vehicle WHAT: Genovation Cars is looking to make history once again by breaking the top speed world record for a street legal all electric car. Genovation currently holds the world record, achieved on February 23, 2016 by reaching a top speed of 186.8 mph with its GXE (Genovation eXtreme Electric car). Genovation's custom vehicles combine cutting edge green technology with the Corvette's lightweight frame and aerodynamic body that allow the vehicles to reach record-breaking speeds. The record breaking attempt is open to select media with advance security clearance. Join us to learn more about Genovation Cars and the behind-the-scenes work that goes into building the fastest all-electric vehicle on the planet.

Fisker cuts production forecast as challenges mount for EV startups

Fisker Inc lowered its 2023 production target on Tuesday, the latest sign that U.S. electric-vehicle startups were struggling to ramp up output in the face of supply chain constraints, easing demand and a tight cash position. Shares of the company slumped 12% in premarket trading. This comes just days after the automaker announced it had delivered its first Ocean SUV in Denmark, followed by its first vehicle registration in Germany. The results follow weak earnings and a production outlook cut overnight from Lucid Group Inc, sending its stock tumbling 10%. U.S. EV startups' hopes of shaking up the industry collided with rising interest rates and sluggish demand, with many grappling with production challenges. Market leader Tesla has also cut prices to stoke demand. Fisker now expects to produce between 32,000 and 36,000 units in 2023, compared with its previous target of 42,400 cars. The company blamed the cut on supply chain issues and an updated timing for homologation, or the certification for roadworthiness. Its 32-cent per share adjusted loss for the first three months of the year was also larger than Wall Street estimates for a 30-cent loss, according to Refinitiv data. As of March 31, Fisker had about $652.5 million in cash and cash equivalents, compared with $1.04 billion a year earlier. The company expects to produce between 1,400 and 1,700 vehicles in the second quarter. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Earnings/Financials Green Plants/Manufacturing Fisker SUV Electric