2023 Fisker Ocean One on 2040-cars

Auto blog

Karma Revero will be unveiled, with pricing, this summer

The Karma Revero, the high-end extended-range plug-in vehicle that will be the successor to the Fisker Karma, will have a prototype unveiled and will announce its pricing this summer, the Los Angeles Times says. Karma may produce as many as 3,000 vehicles a year out of its Southern California factory. The automaker, now owned by China-based Wanxiang Group, also may pursue the direct-to-consumer distribution model used by electric vehicle maker Tesla Motors, the Times says, citing Karma chief marketing officer Jim Taylor. The former Fisker Automotive's assets were acquired out of bankruptcy by Wanxiang Group in 2014 after Fisker, with its vehicles' 33-mile all-electric range, stopped making cars in 2012 and went under. The four-door Karma Revero, which is said to deliver more than 400 horsepower, will look similar to the Fisker Karma and will also likely be priced at more than $100,000. Karma is making the vehicles out of a 550,000-square-foot factory in Moreno Valley, California, about 60 miles east of Los Angeles. The production line at the Valmet factory in Finland where the first batch of Karmas was made was broken down into parts and shipped to California for the new plant, while about 120 finished Karmas that were never sold were eventually used for test vehicles. Karma officially changed its name from Fisker last year. Fisker, which at one time was going to build a second model called the Atlantic, was founded in 2007 by famed designer Henrik Fisker, who now helps run a coach-building company. Karma Automotive is also planning to build sales and engineering offices in Troy, Michigan, near Detroit, as the company is receiving some funding from the state of Michigan. About 150 workers will be housed at the $3.6 million facility. Related Video:

Wanxiang officially acquires Fisker Delaware plant for $18 million

Perhaps Wanxiang is serious about finally, actually re-starting plug-in hybird Fisker production. One of the first big official steps that The New Fisker has taken, other than putting up a new website, is to buy that old disparaged General Motors plant new Newport, DE for $18 million. Technically, the Delaware plant was included in the Fisker Automotive assets that Wanxiang America won at a bankruptcy auction for $149.2 million last month. What happened last week, according to Delaware Online, is that the plant property was officially transferred to a Wanxiang America affiliate, WX Delaware Real Estate Holding Co. The cost was broken out for the first time and it comes to, you guessed it, $18 million. In a bygone age, Fisker said it could make up to 100,000 Karma electric vehicles a year at the Delaware plant. The California automaker officially bought the plant from "old GM" in late 2009, but never did anything with it, despite Vice President Joe Biden's enthusiastic appearance at the announcement in 2009 (pictured). Five years and one bankruptcy later, we are are curious as ever to see if either the Karma or the Atlantic ever actually rolls off the assembly line there. Of course, the next big step will be to build an assembly line. Related Gallery Fisker Atlantic News Source: Delaware OnlineImage Credit: Rob Carr / AP Green Plants/Manufacturing Fisker Electric Hybrid PHEV wanxiang fisker atlantic delaware fisker production

Weekly Recap: Aston Martin to add another sports car, new Lagonda sedan, EVs

Aston Martin will revamp and expand its lineup as part of a five-year plan laid out by the company's new executives. If it succeeds, the strategy will position Aston for growth as an independent automaker with a more stable future in its second century. Aston will replace all of the cars in its current lineup and add a fourth sports car to its stable. It currently has three: the DB9, Vanquish and Vantage. The unnamed sports car will be joined by a production version of the DBX concept – an all-wheel-drive electric car that treads near crossover territory – that was revealed at the Geneva Motor Show. Aston's electric strategy also includes a potential electric-powered Rapide. Eventually, Aston plans to build a new four-door Lagonda. Though Aston will diversify its portfolio and the range could expand to seven vehicles, it will limit production to around 7,000 units annually, said Aston Martin marketing and communications director Simon Sproule, who described the company's strategy in an interview with Autoblog. CEO Andy Palmer, who joined Aston last year from Infiniti, has also spoken recently about remaking the company for the future. EVs are a major part of Aston's future, Sproule stressed, because they allow the automaker to "balance" its portfolio. Aston is studying the feasibility of an electric Rapide and is working with an undisclosed engineering firm. It's likely to use a plug-in setup and would cost $200,000 to $250,000 or more. It could use either a rear-wheel or all-wheel-drive configuration. View 14 Photos "It's a study, but we're serious about it," Sproule said. He added for emphasis: "If not this, there will be an electric Aston Martin in the future." Aston has taken note of what Tesla has done with the brisk-driving Model S and decided that's the dynamic it wants for some of its own cars. Even though EVs don't emit the same sonorous note as a V12 – they're better than the alternative, Sproule said. "The sound of silence is much more preferable than the sound of a four-cylinder whining away under the hood of an Aston Martin," he said. Speaking of V12s, they're not going away. Aston will continue to make its own V12 engine, but will source its V8 from Mercedes-AMG (whose parent, Daimler, owns a small stake in Aston). While the V12 is sure to please the faithful, Aston admits EVs and the crossover-like DBX will rankle many. Sproule argues those are the moves that will keep Aston relevant.