IRVINE, Calif., Nov. 13 CA-FiskerAutomotive
IRVINE, Calif., Nov. 13 /PRNewswire/ -- Fisker Automotive, Inc., a green
American premium car company, today announced that they have signed the final
assembly contract with Valmet Automotive to manufacture the Fisker Karma in
Finland. Valmet Automotive will be the engineering and manufacturing supplier
for Fisker Automotive.
The Fisker Karma is a new four-door plug-in hybrid sports sedan and its
production is planned to start in the fourth quarter of 2009. The first
vehicles will be delivered in fourth quarter 2009 with an annual production
projected to reach 15,000 vehicles.
For the production of the Fisker Karma, a new body welding line will be
built at Valmet Automotive. The painting and assembly process can be easily
adapted to the production of electric and hybrid cars.
"The agreement is very significant for us and our employment situation in
the years to come," says Ilpo Korhonen, President of Valmet Automotive. "With
the planned full production volume, the cooperation with Fisker Automotive
will employ some 500 blue collar workers at Valmet Automotive."
"Fisker Automotive and Valmet Automotive make a great, professional team.
The schedule is demanding, but I'm confident that with good cooperation the
production will start on schedule. A hybrid drive train, battery technology
and a new body design with light weight materials is a great challenge to our
engineering and production teams. Our supplier quality management team is also
involved in the project," said Ilpo Korhonen, President of Valmet Automotive.
"We are pleased with the current progress in this working relationship and
know that we have the team that will help us meet our production goal," said
Fisker Automotive COO, Bernhard Koehler.
"We are very pleased to have the final contract signed and are looking
forward to a long business relationship with Valmet," said Fisker Automotive
CEO, Henrik Fisker.
Fisker Automotive, Inc.
Fisker Automotive is a privately owned car company with Henrik Fisker as
the CEO. The company has backing from Kleiner Perkins Caufield & Byers, Palo
Alto Investors and QIA. The company is based in Irvine, California.
http://www.fiskerautomotive.com
Valmet Automotive
Valmet Automotive is a provider of automotive engineering and
manufacturing services of premium cars. In nearly 40 years the company has
produced over 1,000,000 high-quality vehicles in Finland. The cars have been
delivered worldwide. Today Valmet Automotive manufactures Porsche Boxster and
Porsche Cayman for Porsche AG. The company is a part of Metso Corporation.
http://www.valmet-automotive.com
Inquiries: Sylvia Navarro
Telephone: 949-242-4911
Fax: 949-757-4230
press@fiskerautomotive.com
SOURCE Fisker Automotive, Inc.
