Valmet will be instituting a new welding line at its production facility and is said to be adding some 500 blue-collar workers to its force to assemble the Fisker Karma. Both companies are said to benefit from this cooperation, and Valmet emphasizes that the challenges of a complex hybrid drivetrain, battery technology, and a lightweight body of a new design aren't small. But they claim to be up to the task, and promise to meet Fisker's start-of-production date.
Fisker announces this good news as fellow Irvine, Calif., electric car maker Tesla struggles under recent layoffs and a changing of the CEO guard. Tesla was also set to come out with a sedan, but it looks as though Fisker will beat them to the punch.
Valmet is an engineer and manufacturer of premium vehicles in Finland. The company has been in operation for 40 years, and has produced more than 1 million vehicles to date. Currently, Valmet produces the Porsche Boxster and Cayman in cooperation with Porsche AG. That definitely ain't bad company, Fisker.--Colin Mathews