SYNDICATED NEWS
PHOTO CAPTION:

Fisker Aiming for Profit in 2011

Fisker Karma plug-in hybrid due to hit its dealer showrooms in June 2010.

Published: 17-Sep-2009

FRANKFURT - Fisker Automotive Inc, a builder of luxury plug-in hybrids, aims to make a profit in 2011 when its first vehicle, called the Karma, is expected to hit annual sales of 15,000 units, its chief executive said Wednesday.

The privately held start-up is preparing now for the production launch of the Karma, a four-door luxury sedan that has a starting price of $87,900. The vehicle will be built in Finland by Valmet Automotive.

Founder and Chief Executive Henrik Fisker told Reuters at the Frankfurt Motor Show it has already received 1,400 orders for the Karma, which is slated to hit showrooms globally in June 2010.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

VW Golf is equipped with Sanyo battery pack that gives it 30 miles of AER.

The 1.4 liter diesel engine in VW's Twin Drive system actually drives the wheels, whereas the engine in the Volt only charges the battery as it approaches depletion.

Ford Escape Plug-In Hybrid Prototype, one of 20 being tested by US electric utilities.

The funding being announced Tuesday will help the automaker continue to work on its demonstration fleet of 20 plug-in hybrid vehicles.

Chevy Volt range-extended electric car on display at Sydney Auto Show in Australia

The Volt's Sydney appearance is its first outside the US and only the second public showing globally.

READER COMMENTS

blog comments powered by Disqus