A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Karma plug-in hybrid to launch in China next year

LOS ANGELES – Fisker Automotive will start selling its US$100,000-plus (S$122,780)Karma plug-in hybrid in China during the first quarter of next year to take advantage of the country’s rapidly growing market for luxury cars, company executives said on Wednesday.

Fisker said earlier it would launch in China by the end of this year. But the company encountered a slight delay in obtaining final certification to sell cars in China and decided to focus on the Middle East first, spokesman Roger Ormisher said.

Tackling growing markets like China and the Middle East, where Fisker launched sales earlier this year, is a big part of the fledgling automaker’s growth strategy after it suffered a series of financial setbacks and quality problems with the Karma launch.

“We still aren’t in all the markets where we want to be,” Henrik Fisker, the company’s founder and executive chairman, said in an interview during the Los Angeles Auto Show. “Part of our adjustment is also to keep on entering new markets.”


“We have just launched in the Middle East, which we see a lot of interest and potential sales there, and then we are going to go into China next year,” Henrik Fisker said.

Anaheim, California-based Fisker began selling the Karma in December 2011.

Currently about two-thirds of Karma sales are in the United States, with the rest in Europe, said Chief Executive Tony Posawatz, who joined Fisker this year after working on General Motors Co’s (GM.N: Quote, Profile, Research, Stock Buzz) Chevrolet Volt plug-in hybrid for six years.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.