Back in February, we reported on the rumors that Fisker Automotive was planning to change its name to Elux. This past week, Fisker has officially changed its name and it isn't Elux. Meet Karma Automotive.
The company says this name has always been a part of the brand - see Karma plug-in hybrid sedan.
"Karma is based on the principle of cause and effect, where your actions create your future. This awareness of what we are doing and why we are doing it—which we characterize as acting with intention—is what we stand for, it's authentic," said James Taylor, Karma's Chief Marketing Officer.
Rumor has it that production of the Karma sedan will restart sometime next year. We expect a name change along with the production restart.
Source: Karma Automotive
Press Release is on Page 2
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