Who owns Karma Automotive LLC? The ownership chain, Wanxiang Group's stake and the 2014 deal
Facts checked
Karma Automotive LLC appears here because the ownership graph records a holding in it by a Chinese entity. The chain below is the whole of what this site claims.
The Hangzhou parts group Wanxiang bought Fisker Automotive's assets at a bankruptcy auction in February 2014 for US$149.2m and renamed the business Karma Automotive. The Fisker name and trademarks were excluded from the sale and stayed with Henrik Fisker, who later used them for a separate company. Karma builds cars at Moreno Valley, California.
The short answer
| Controlled by | Wanxiang Group |
|---|---|
| Stake | 100% |
| Since | February 2014 |
| Kind | company |
| Origin | US |
| Top of the chain | Wanxiang Group |
The chain, step by step
Wanxiang Group owns Karma Automotive LLC at 100% since February 2014.
The Hangzhou parts group Wanxiang bought Fisker Automotive's assets at a bankruptcy auction in February 2014 for US$149.2m and renamed the business Karma Automotive. The Fisker name and trademarks were excluded from the sale and stayed with Henrik Fisker, who later used them for a separate company. Karma builds cars at Moreno Valley, California.
| Holder | Holds | Kind | Stake | Since |
|---|---|---|---|---|
| Wanxiang Group | Karma Automotive LLC | owns | 100% | February 2014 |
Related
Sources for Karma Automotive LLC
- Wikipedia, Karma Automotive. Read .