The revived Fisker Karma will be powered by a supercharged V8 engine when it goes back to the market in the future, Wanxiang Group has disclosed. Wanxiang, which has recently won an auction to acquire Fisker Automotive, has received approval for the $149.2 million acquisition deal. The plans to revive the Karma as a dynamically powered sports car were disclosed in United States Bankruptcy Court documents and by a person briefed on them.
Founded in 2007, Fisker had wanted to become the first carmaker able to build an attention-grabbing sports car powered by a hybrid engine. The carmaker even earned support of celebrities like Leonardo DiCaprio, who was drawn in by his concern about climate change.
No thanks to a number of technological issues and management missteps, Fisker stopped production in 2012. Fisker has now tapped the talents of former General Motors executive Bob Lutz, who back then was critical of the carmaker’s environmental approach.
He remarked back then that luxury car owners want firepower under the hood instead of reduced carbon footprint. Wanxiang is planning to work with Lutz and his partner Gilbert Villarreal, who together have founded VL Automotive.
While Lutz has been involved with the Karma since 2013, his connection to Wanxiang’s bid only came up later. During a presentation to creditors, Wanxiang called VL the "soul of Fisker" and commended it for building the "first true American luxury grand touring sedan in decades, the VL Destino." The Destino is a Karma that is powered by a Corvette ZR-1 drive train that allows it to reach a speed of 200 miles per hour.