Now that Fisker has finally been sold to China's Wanxiang Group, new details are starting to emerge about the company's future.

Now that Fisker has finally been sold to China's Wanxiang Group, new details are starting to emerge about the company's future.

According to Automotive News, the company will be relaunched and assistance of VL Automotive. The details of the arrangement are still murky but Wanxiang reportedly praised the company for creating the "first true American luxury grand touring sedan in decades, the VL Destino."

As you may recall, the Destino is based on the Fisker Karma but eschews the high-tech powertrain for GM sourced engines. The entry-level model is slated to use a 6.2-liter LT1 V8 with 450 bhp (335 kW), while the high-performance variant would be equipped with a supercharged 6.2-liter LS9 V8 with 638 bhp (476 kW).

Despite the focus on the Destino, Wanxiang will reportedly restart Karma production and develop future models with range-extending powertrains.

If everything goes according to plan, Wanxiang will restart production in Finland in the coming months.  Once they use up their European inventory, they will reportedly begin building cars at VL Automotive's plant in Michigan.

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