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Karma Automotive to offer Sports and Performance Packages on 2020 Revero GT

Although Karma Automotive is busy working on numerous electric vehicle projects, the company announced this week a new batch of options for its Revero GT plug-in hybrid. On 2020 models, customers will have the choice to upgrade the GT's capabilities and aesthetic with a Sports Package or a Performance Package. The Revero GT, which was originally born as the Fisker Karma back in the day, is a rear-wheel-drive luxury performance sedan with a plug-in hybrid powertrain. It features a 28-kWh nickel-manganese-cobalt lithium-ion battery pack, two electric motors, and a BMW i8-sourced three-cylinder that acts as a generator. Karma says it has 536 horsepower and 550 lb-ft of torque. The Revero GT can run in pure electric mode for 80 miles and has a total range of 360 miles. The Sports and Performance Packages offer the same performance upgrades but with different looks. The Performance package stays undercover with virtually no exterior changes, but the Sports Package adds a little extra style. A Revero GT with the Sports Package will have Borrego Black paint, blacked-out chrome, carbon fiber exterior bits, GTS fender badges, and a monochrome Karma badge, which was previously seen on the SC2 concept car. It will also have red brake calipers, cross drilled rotors, and 22-inch Dune Twist Midnight Chrome wheels. Inside, the GT Sports Package will have carbon fiber trim, a blacked-out steering wheel Karma badge, and a GTS badge on the center console. Regarding the performance upgrades brought by both the Sports and Performance packages, Karma doesn't say much. The Packages bring electronic torque vectoring, and the 0-60-mph time is now 3.9 seconds. Without the package, the Revero GT is capable of 0-60 mph in 4.5 seconds in Sport Mode and 3.9 seconds in Launch Mode. The Revero GT is available now and starts at $146,600, including destination. Related Video:

Karma will build engineering, sales offices near Detroit

Karma Automotive, the successor to the Fisker brand of high-end extended-range plug-in vehicles, appears to be looking to plan its rebirth in the heart (or the lion's den, some would say) of the US vehicle industry. The company, which was acquired out of bankruptcy by China-based Wanxiang in 2014, is planning to build its engineering and sales offices in Troy, Michigan, Automotive News says, citing the Michigan Economic Development Corp. The $3.6-million development will house as many as 150 workers. Karma officially changed its name from Fisker last year, as the Fisker moniker is affiliated with the coach-building company run by Henrik Fisker. The automaker is slated to unveil its new vehicle, called the Revero, by the end of the year. That car is expected to be somewhat similar to the original Karma, including its sleek design, the use of a 2.0-liter engine, and 33-mile all-electric range. No price for the new model, which is expected to remain firmly in the luxury sector, has been disclosed. Karma will receive $450,000 from the Michigan Business Development Program in order to help build the facilities in Troy. Karma also has a 556,000-square-foot vehicle-assembly plant in Moreno Valley, CA, about 65 miles east of Los Angeles. The former Fisker Automotive, which had been based in Orange County, CA, was founded in 2007. The company had plans to make a second model called the Atlantic, and once estimated that it could make 100,000 vehicles a year. FisKer Automotive produced its $100,000-plus vehicles until 2012 before going bankrupt. Wanxiang acquired Fisker for $149.2 million, beating out Hong Kong-based Hybrid Tech Holdings in an extensive bidding war. Related Video: Featured Gallery 2012 Fisker Karma: Second Drive View 30 Photos News Source: Automotive News-sub.req. via Crain's Detroit Business Green Fisker Electric Detroit Michigan karma karma automotive revero

Wanxiang's last-minute bid for Fisker could restart Karma production, add Atlantic hatchback [UPDATE]

The remains of bankrupt Fisker Automotive are supposed to be sold by the Department of Energy to Hybrid Tech Holdings LLC for $25 million. But, the new year brings a new possibility for the troubled plug-in hybrid automaker and now we hear that Wanxiang America Corp. wants to jump in at the last minute and snatch Fisker up in a 'stalking horse' deal. A hearing is scheduled for tomorrow. Stalking horse offers are intended to prevent undervalued deals from taking place. Since the DOE is reportedly losing $139 million on its Fisker holdings, it seems like any pressure to increase the $25 million bid would be welcomed. Wanxiang's bid isn't that much different than what Hybrid Tech Holdings was offering, though, since WHYY reports that Wanxiang is offering to pay "$24.7 million and will assume some of Fisker's liabilities." The big difference is that a Wanxiang purchase could bring Fisker production back to life. The big difference is that a Wanxiang purchase could bring Fisker production back to life. In court documents, Wanxiang mentions a new Fisker design (a hatchback version of the Atlantic, pictured above) and proposed restarting Karma production at Valmet in Finland, the place where all of the Karmas built to date have been made. At an unspecified future date, production would be moved to VL Automotive's manufacturing facility in Michigan. Wanxiang calls VL a business partner, but you might remember it as the Bob-Lutz-connected company that wants to put small-block Corvette V8 engines into Karma bodies, creating the Destino. Lutz and Wanxiang previously tried to buy Fisker in early 2013. You can find the court documents below, and the concept is on page 11 of the Wanxiang Presentation. On page six you will find mention of a "Karma / Destino production line" and then on page 12 we hear about trucks, cargo vans and SUVs, all of which hints at Wanxiang's big dreams. How big? Wanxiang thinks it could sell 1,000 Karma/Destinos in the first 18 months in the US, along with 500 a year in Europe. The last stalking horse in the plug-in vehicle industry happened when Coda went under. Before that, Johnson Controls acted as a stalking horse against Wanxiang Group Corp. when Wanxiang bought the remains of A123 Systems. A123 batteries were used in the Fisker Karma powertrain, but the relationship between the two companies was troubled. Perhaps when everything is owned by the same corporate entity, things will run smoother.