PRESS RELEASE

FISKER KARMA, WORLD’S FIRST PREMIUM PLUG-IN HYBRID COMING TO FISKER OF ORANGE COUNTY

Irvine Dealership To Host Reception At Site Of Shelly Fisker Showroom

IRVINE, Calif. – April 19, 2010 – Fisker Karma, the world’s first premium plug-in hybrid electric vehicle, will be in Irvine for the first time when Fisker of Orange County welcomes guests to an invitation-only reception on July 3.

The event is part of a 42-city tour celebrating California-based Fisker Automotive’s new North American retail network. A full tour schedule and images are available online in the News section of www.fiskerautomotive.com.

The Fisker Karma is the world’s first premium plug-in hybrid electric vehicle (PHEV).  It combines world-class luxury and sports car-like performance with industry-leading economy and zero tailpipe emissions.

With 403 horsepower it can reach 60 miles per hour in six seconds and a top speed of 125 miles per hour, yet it can achieve more than 100 miles per gallon on an annual basis.  The Karma has a total range of 300 miles, 50 of which are electric only and powered by a Lithium-ion battery from A123 Systems that can be fully recharged in as little as eight hours.

The Fisker Karma – a four-seat sedan – was designed by Fisker Automotive CEO Henrik Fisker, who also designed the Aston Martin DB9 and BMW Z8 (both of which were featured in James Bond movies).

Distinctive, stylish and green, the Karma is priced competitively within its segment and appeals to eco-friendly customers who don’t want to compromise their passion for driving.

Fisker Automotive created the premium plug-in hybrid segment when it introduced the Karma at the 2008 North American International Auto Show as a concept. Initial customer deliveries are expected to begin first quarter 2011. The Fisker Karma order bank already exceeds 1,600 vehicles.

In September 2009 Fisker Automotive was approved for a conditional Department of Energy loan of $528.7 million, which will go toward the development of a line of lower-priced plug-in hybrids as well as the purchase of a former GM assembly plant in Wilmington, Delaware. The company expects to create up to 5,000 direct and indirect U.S. jobs in the coming years.

“In building our U.S. network we selected retailers with a successful track record handling established premium brands and delivering a premium customer experience,” said Mr. Fisker.

Fisker of Orange County is a part of the Shelly Automotive Group, which has built a reputation on providing courteous, honest service and because of this, the Shelly Group has seen a proven track record of success spanning 19 years. For more information about Fisker of Orange County visit www.fiskeroforangecounty.com or call 888.853.7429.
 

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