Fisker Karma sedans generated revenue of more than $100 million in 4 months

Article by Christian Andrei, on May 29, 2012

Fisker has quite a few reasons to celebrate as its revenues generated by the Karma sedans topped $100 million in the first four months of this year. The company delivered 1,000 Karmas in the United States and Europe (since December) and we have to admit that the sedan is not cheap, it costs $103,000.

And the future looks good for Fisker, as CEO Tom LaSorda told the press that the company is encouraged by solid demand for the Karma. "Pending completion of investment sourcing, we are poised to press ahead with further market expansion and development of our higher volume model, the Fisker Atlantic."

LaSorda added. Still, the Fisker Karma has to wait an year or two in order to show its true value as the vehicle suffered in a shut down during tests by Consumer Reports magazine and one unit is responsible for a fire in a Texas garage. The company continues to raise funds from private investors, as it wants to become profitable selling cars powered by lithium-ion batteries and gasoline.

Back in 2009, Fisker was awarded $529 million in Energy Department loans in order to develop technology for the Karma and revamp a closed factory in Wilmington. Now the company will have to face the Tesla Model S, an all-electric sedan that will hit the market on June 22.

As a premium, extended-range electric luxury sports sedan, the Fisker Karma can travel up to 50 miles (80 kilometres) solely on a single charge of its rechargeable lithium-ion battery. The electric car then shifts to its 2.0-liter, direct-injection turbocharged engine, which powers a 175kW generator, to extend the Fisker Karma’s range by another 250 miles (403 kilometres). Doing the math, the Fisker Karma’s total range is an impressive 300 miles from the combined output of its rechargeable lithium-ion battery and the gasoline engine!

The Fisker Karma is a very competitive electric luxury sports sedan, not just because of its outstanding world-class features, but also because of its price. The Karma’s U.S. Manufacturer’s Suggested Retail Price (MSRP) is $95,900, less federal tax incentives of $7,500.

For the European market, the Fisker Karma’s suggested retail price of £85,000 shall be competitive with conventional luxury sedans such as the BMW 750i ActiveHybrid, the Porsche Panamera S and the Audi A8 TDI. And compared to other famous super sedan brands such as the Maserati Quattroporte ($120,000) and the Aston Martin Rapide ($200,000), the $95,000 Fisker Karma enjoys an immense price advantage!

Capable of driving emission-free and with its incredible fuel economy, the Fisker Karma is truly the choice of environment-responsible luxury car buyers. Built around Fisker’s Sustainable and Accountable Design Philosophy, the Karma is actually Fisker Automotive’s first mass-produced car. It’s a first for Fisker and the electric car industry as a whole, in terms of innovations introduced.

Fisker is redefining the car-manufacturing industry in terms of measures introduced for improved energy and resources conservation. Taking advantage of its clean slate as a neophyte, it is reconceptualizing the world of electric car-manufacturing.

Furthermore, in its quest to further improve overall efficiency and lessen the environmental impact brought about by its vehicles, Fisker Automotive has increased its efforts to commit consistent sustainability and accountability in the its car-manufacturing activities.

To become a dominant player in the global electric car market, Fisker Karma has tied up with reputable, independent retailers around the world for sales and after-sales service. Forty-five locations have been targeted for opening in both the U.S. and European markets, as Fisker Automotive embarks in its quest to become a global phenomenon.

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