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. [source: Autonews]

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