Fisker Automotive has announced plans to change their name to Karma Automotive.

Fisker Automotive has announced plans to change their name to Karma Automotive.

Designed to help distance the company from its ill-fated past, the new name and logo will appear on the updated Karma sedan which is scheduled to go into production in mid-2016.

In a statement, Karma Chief Marketing Officer James Taylor said "With new ownership, a new management team, and a new production site, all here in California, it was time to communicate change."  He went on to say "Karma is based on the principle of cause and effect, where your actions create your future. This awareness of what we are doing and why we are doing it-which we characterize as acting with intention-is what we stand for, it's authentic."

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