Fisker Signs 100-Outlet Emil Frey Group as Major European Distributor of its PHEVs
By John O'Dell November 4, 2009
Fisker Automotive hasn't started building cars yet, but is well on the way to ensuring a healthy launch platform when its first - the $88,000 Karma extended-range plug-in hybrid - starts rolling out of the assembly plant next summer.
The company, which so far has announced 45 U.S. dealership agreements and two smaller European distributorships, said this morning that it has now signed the 100-plus dealership Emil Frey Group to handle much of its European sales and service.
The Swiss company has outlets in six countries - Switzerland, Germany, France, Hungary, Poland and the Czech Republic - and handles premium brands.
Fisker previously signed GP Supercars in Italy and the Nellerman Group in Denmark as distributors and is working on a deal in China.
While the Karma initially is to be built in Finland by Valmet Automotive, Fisker last week agreed to acquire and outfit an idled GM plant in Delaware to build a second line of less-expensive plug-in hybrids and said that Karma production eventually would be moved to the U.S.
The company is financing its U.S. production and R&D in large part with proceeds of a $528 million federal loan.
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