Fisker's New Owners Teaming Up With Bob Lutz To Create A Supercharged V8 Model

The U.S. unit of Wanxiang Group of China received approval on Tuesday to acquire Fisker's assets for $149.2 million. Plans to revive the Karma as a traditional gas-guzzling sports car were revealed in U.S. Bankruptcy Court documents and by a person briefed on them.

Fisker, founded in 2007, sought to plant its flag as the first manufacturer to put a hybrid engine in a sports car with an eye-catching design. Celebrity backers included movie star Leonardo DiCaprio, who was drawn to the project by his concern about climate change. After technological glitches and management missteps, Fisker ceased production in 2012.

dumpsty - 2/19/2014 1:44:36 PM

+2 Boost

Kinda good news, huh? The Karma will live on, the Destino SC V8 will become realized into production, and a future gas-electric hybrid will be built as well. Hope they can sustain funding & production numbers to become a descent competitor to Tesla.

Can't wait to see a production version of the Destino in action though.

MattDarringer - 2/19/2014 8:20:12 PM

0 Boost

Brilliant move