After a spectacular, billion-dollar meltdown, Fisker Automotive is set for a revival. The once-promising California start-up was purchased out of bankruptcy by China’s Wanxiang
Group which hoped to relaunch the plug-in hybrid Fisker Karma. The Chinese company is teasing the turnaround of what will now be known as the Elux Karma. Proclaiming “It’s On,”
Wanxiang is promising to show off its version of the Karma sometime later this month.
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