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The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families

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The Fisker Karma Sedan Is Being Reincarnated Under a New Name

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August 11, 2016, 11:47 AM ET
2013 Chicago Auto Show Media Preview - Day 2
Fisker Karma Eco Sport, at the 105th Annual Chicago Auto Show at McCormick Place in Chicago, Illinois on FEBRUARY 08, 2012. Photograph by Raymond Boyd — Michael Ochs Archives/Getty Images
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Electric luxury sports sedan Fisker Karma is being reincarnated as Karma Revero.

Karma Automotive, the electric car unit of Chinese auto parts maker Wanxiang, on Thursday unveiled the first pictures of its new hybrid car Karma Revero that has a solar roof to power the car.

Karma said bookings for the Revero would begin from Sept. 8. The company is giving existing Karma owners the chance to book a Revero before the general public.

Wanxiang bought stylish electric car pioneer Fisker Automotive in a U.S. bankruptcy auction in February, 2014.

 

Fisker’s electric cars enjoyed a cult following for their streamlined design and early fans included actor Leonardo DiCaprio and pop star Justin Bieber.

Seen as a challenger to Tesla Motors (TSLA), Southern California-based Karma Automotive plans to sell cars directly to customers, as well as through dealerships.

Karma has signed dealer agreements with eight U.S. and two Canadian dealers.

Electric Car Maker Fisker Has a New Name

Co-founded by Danish designer Henrik Fisker in 2007, Fisker had a mission to build a beautiful, “green” car that could rival exclusive European brands like Maserati and Aston Martin.

The company’s fortunes went south as a series of missteps and recalls led to disappointing sales and eventually bankruptcy in 2013.

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