2023 Fisker Ocean Extreme Sport Utility 4d on 2040-cars

Auto blog

Karma Revero revealed, along with solar roof that powers the car

While we obviously know the general shape of the upcoming Karma Revero - it's based on the old Fisker Karma, after all – the exact details of the Revero are still a bit under wraps. Thankfully, today the Karma Automotive website was updated with some new information about the reborn plug-in hybrid. Say hello to what we know about the Revero. The Fisker's solar roof is still there, but now Karma Automotive says that it, "will create enough energy to power the car." Now there's something we need more details on, but all that Karma is saying for now is that, "No other vehicle sold in the US has ever offered this capability. Our owners consider our solar roof an important element in our brand identity, and we listened." The front and rear Karma badges on each Revero will be are hand-painted. "No other car company has ever done this," Karma says. "Consider it a small but symbolic statement about craftsmanship and individuality." Sure, fine. Lastly, Karma says the infotainment system will be updated and says, "Our new infotainment system represents a departure from the norm. It is simple, intuitive, and beautiful. If you like a 200 page supplement to the owner's manual to describe your infotainment system, look elsewhere." In other words, whew. If this all sounds a bit exclusive, you're right. Jim Taylor, Karma's chief revenue officer, said in a statement that, "Serving a mass market is not, and never will be, our purpose. The Revero is for a discerning group of individuals who desire beautiful, clean vehicles and a memorable ownership experience. We are thrilled to start this journey." Karma said earlier this week that it would sell the Revero through dealerships and company stores in 10 markets in North America. Karma Automotive, which is owned by Wanxiang Group, will officially debut the vehicle at a launch party for the media and owners (that means Fisker Karma owners, since the Revero is not yet available) in Laguna Beach, California on September 8. A pre-order window for the Revero will open up for Fisker owners that same day. While we're there, we'll see if the rumors that the company also plans to bring the Atlantic concept to market are anything more than wishful thinking. Related Gallery Karma Revero News Source: Karma Automotive Green Fisker Green Automakers Electric Hybrid karma karma automotive karma revero revero

Fisker will borrow $5M from Wanxiang as interim solution

It may seem like a drop in the bucket compared to the approximately $1 billion in liabilities bankrupt automaker Fisker Automotive has against it, but every bit helps. In this case, it's a smidgeon less than $5 billion. That's how much the maker of the Karma extended-range plug-in is getting approved to borrow from its presumed future owner, Wanxiang Group. It's a start. A US bankruptcy court judge said Wanxiang could loan Fisker $4.98 million for interim financing purposes while the China-based company waits to get antitrust clearance from the US government to buy the now-dormant California-based company, Bloomberg News says. Fisker is seeking another $10.5 million in loans via a debtor-in-possession loan. After that, things get real interesting as everyone from the state of Delaware to General Motors to Finland's Valmet Automotive and more than 600 other entities have gotten in line to collect on what's alleged as $985.4 million in debt. Last month, Wanxiang won a bid against Hong Kong-based Hybrid Tech Holdings for Fisker, which hasn't made any Karmas since mid-2012. Wanxiang will pay $149.2 million, including $126.2 million in cash and $8 million in assumed liabilities, for Fisker. The automaker filed for bankruptcy last November and Wanxiang bounced the company back as the The New Fisker this week.

Fisker name dropped in favor of Elux, Karma relaunch pushed back

Fisker is dead, long live Fisker. The luxury plug-in hybrid brand's new owner, Wanxiang, says that it is going to get rid of the name when it relaunches the Karma next year. Oh yeah, and the relaunch is now happening in 2016, not early 2015, as previously planned. According to unnamed "sources familiar with the plan" who spoke to Reuters, Wanxiang is going to change the brand from Fisker to Elux. So, if you've been waiting for news on a revived Fisker Karma, you should change your news alerts setting to ping you when there's new information on the Elux karma. Other details about the new Karma remain undecided, like where it will be built – the Valmet factory in Finland where the Fisker Karma was made will not be used this time around. According to the new Reuters report, though, the new Karma will get a 20-percent price increase, to $135,000. We've also heard that the new car will look a lot like the first Karma, which was designed by Henrik Fisker, who gave the now-bankrupt company its name. Related Video: