Wanxiang is the Chinese auto parts giant that acquired troubled automaker Fisker, and is now looking to improve and re-release the company’s sole model, the Karma.
Eventually, the plan is to add more models to the lineup and become an increasingly bigger player on the market – shifting production from Finland back to the US is also a stated priority.
A few weeks ago, the chairman of Wanxiang, Mr. Lu Guanqiu, visited the US in the quest to streamline the putting in motion of their revival plan, which as AutoNews suggests, is an ambitious plan, involving several different elements to fall into piece and work well together.
The basic idea is to do serious work on the Karma before they start making it again. They want to iron out the hundreds of bugs that made many owners get rid of their cars, even though they liked the look (probably a lot), as well as what it stood for, being an extended range hybrid and all of that.
Next up, Wanxiang will have to do something about the dilapidated factory that they’re planning to use, which is located in Wilmington, Delaware.
They already have access to US-built batteries, which are created by the Wanxiang-owned A123 Systems.
The most significant meeting on Lu Guanqiu’s American itinerary was the one with Vice President Joe Biden, whose son had previously purchased a Karma but had sold it on due to its many deal-breaking bugs.
By Andrei Nedelea