Karma
Is Karma Chinese? Yes
Facts checked Ownership as of February 2014
Yes
Karma is Chinese-owned and American-built. China's Wanxiang Group bought Fisker Automotive's assets at a bankruptcy auction in February 2014 for US$149.2m and rebuilt the business as Karma Automotive; the cars are made at Moreno Valley, California. The Fisker name was not part of the sale, which is why the company had to be renamed.
Chinese holding: 100% as of February 2014.
The chain
| Step | Entity | Kind | Origin |
|---|---|---|---|
| 1 | Wanxiang Group | company | CN |
| 2 | Karma Automotive LLC | company | US |
Is Karma Chinese: the short answers
- Is Karma Chinese?
- Yes. Karma is Chinese-owned and American-built. China's Wanxiang Group bought Fisker Automotive's assets at a bankruptcy auction in February 2014 for US$149.2m and rebuilt the business as Karma Automotive; the cars are made at Moreno Valley, California. The Fisker name was not part of the sale, which is why the company had to be renamed.
- How much of Karma is Chinese-owned?
- 100%, as of February 2014.
Related
Sources for this answer
- Wikipedia, Karma Automotive. Read .