The vehicle, based on Mazda's Demio subcompact, is expected to have a driving range of 124 miles and will be leased mainly to local government bodies and fleet customers.
Fisker Automotive says production of the Karma extended-range plug-in hybrid will begin in March. Fisker previously set and abandoned several other production start goals over the past year, so this is good news.
Production should ramp up in the summer months and the company aims to have all initial deposit holders into their cars by the end of the 2011 model year. The Karma will have a base price of $95,900 - up from the previously announced $87,900.
Coda Automotive has hired Philip Murtagh, former chairman of GM's Chinese operation, as its new chief executive. Acting CEO and co-chairman Mac Heller will remain as Coda's chairman and company founder and co-chairman Miles Rubin moves into the new post of chairman emeritus.
Coda, which builds its batteries and assembles its car in China before merging the two at a facility in the US, can only benefit from its new chief executive's experience.
Coda Automotive has hired Philip Murtagh, former chairman of GM's Chinese operation, as its new chief executive. Acting CEO and co-chairman Mac Heller will remain as Coda's chairman and company founder and co-chairman Miles Rubin moves into the new post of chairman emeritus.
Coda, which builds its batteries and assembles its car in China before merging the two at a facility in the US, can only benefit from its new chief executive's experience.
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