Fisker Automotive has signed its final assembly contract with Valmet Automotive to manufacture the Karma in Finland.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more


Valmet Automotive will be the engineering and manufacturing supplier for Fisker Automotive. The Karma is a four-door plug-in hybrid sports sedan and production is planned to start in the fourth quarter of 2009 with annual capacity projected at 15,000 vehicles.


Valmet will build a new body welding line for the Karma but its exisiting painting and assembly process will easily be adapted to build electric and hybrid cars.


“The agreement is very significant for us and our employment situation in the years to come,” said Valmet president Ilpo Korhonen.


“With the planned full production volume, the cooperation with Fisker Automotive will employ some 500 blue collar workers at Valmet Automotive.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“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,” added Korhonen.


“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.