The Traderszone Network

Published in TZ Latest News 22 February, 2015 by The TZ Newswire Staff

Exclusive: China’s Wanxiang to rebrand Fisker as Elux – sources

Chinese auto parts maker Wanxiang Group will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, two sources familiar with the plan said Sunday. Wanxiang, which acquired the assets of California-based Fisker Automotive a year ago in a U.S. bankruptcy auction, had hoped to revive the Karma this year. The revised version of the Karma will be renamed Elux Karma and the Fisker name will be dropped, said the sources, who asked not to be named because they were not authorized to speak for Wanxiang.

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