By Claudia Assis, MarketWatch
Niche car maker Karma Automotive on Thursday offered car enthusiasts a peek at its luxury hybrid plug-in vehicle, the Revero, expected to come with a solar rooftop and a sleek, sporty look.
Karma, based in the Los Angeles area, is a reboot of Fisker Automotive Inc., which once seemed poised to rival Tesla Motors Inc. /zigman2/quotes/203558040/composite TSLA +1.75%
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Fisker went bankrupt in 2013, however. Chinese auto parts Wanxiang Group bought its assets in 2014. Wanxiang relaunched and renamed the company Karma, the name of Fisker’s first and only car, a plug-in hybrid launched in 2011.
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People will be able to reserve a Revero on Sept. 8, with existing Karma owners able to do so before that, a company spokeswoman said. The car’s suggested price will be revealed on that date and “at this time (the company isn’t) releasing information on when it will be produced/ sold,” she said.
Production of the first Karma, which cost about $103,000, ended shortly after its battery supplier declared bankruptcy. Recalls and production snags plagued the car throughout its history, and fewer than 3,000 Karmas were sold.
In November, Karma said it would use BMW AG’s powertrain components for its cars.