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About Fisker Automotive
Karma Automotive, LLC was an automaker originally based in Anaheim, California. The company's first and only product was the Fisker Karma, one of the world's first production plug-in hybrid electric vehicles. It debuted at the 2008 North American International Auto Show, creating the premium green car segment in which most major manufacturers have since announced they would compete. Production was suspended in November 2012 due to financial difficulties, with about 2,450 Karmas built since 2011. The assets of the company were purchased by Wanxiang America, Corp., a Chinese auto parts maker, and the company was renamed the New Fisker.
Fisker originally intended to sell the Karma in late 2009, but after repeated delays, the Environmental Protection Agency certified the car’s vehicle emissions and drive range in October 2011, and thereafter Fisker commenced delivery of production vehicles in the USA.
Fisker stopped production in the summer of 2012, and was seeking new investment. Matters were further complicated by the bankruptcy of its battery supplier A123 Systems, the costs involved regarding a recall and repairs to customer cars, as well as the resignation of the company's co-founder and CEO, Henrik Fisker. In addition to production stopping for over five months, with no date announced to recommence, the planned production of the second model, the Fisker Atlantic, was postponed, together with the cessation of development of the new model.
Fisker eventually declared bankruptcy in November 2013, and in February 2014 the company was bought by Chinese auto-parts conglomerate Wanxiang Group.
On September 30th, 2015 Fisker Automotive announced they would be changing their name to Karma Automotive. James Taylor, Karma’s Chief Marketing Officer said, “With new ownership, a new management team, and a new production site, all here in California, it was time to communicate change,.”