Fisker Karma To Return Mid-2016 Under Elux Brand

If you were hoping to pick up a new Fisker Karma, not so fast. The PHEV won't be out until mid-2016, and it won't be a Fisker, either.

Reuters reports parent company Wanxiang Group, which bought Fisker at a bankruptcy auction last year, will drop the Fisker name when the Karma hits the showroom, whose brand will now be called Elux.

As for the delay, Wanxiang is looking for a production site to build the PHEV, sources stating that it won't be assembled in Finland, where the original Karmas rolled off the line. Pricing is expected to begin at $135,000, 20 percent higher than the $116,000 for the original top model before production ceased in 2012.

The Elux Karma's looks are expected to to rely heavily on Henrik Fisker's original design for the PHEV, with Wanxiang said to be investing "millions" into updating the technology to bring the car up to par with similar vehicles that have emerged over the years.

The post Fisker Karma To Return Mid-2016 Under Elux Brand appeared first on The Truth About Cars.

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