The news is sure to come as some relief to Finnish firm Valmet after they recently lost their contract to build the Porsche Boxter and Porsche Cayman after 11 successful years and 200,00 units to Austrian firm Magna Steyr.

The Fisker Karma caused great waves when it was first unveiled at the 2008 Detroit Auto Show and plans are in full motion to commence the production of the vehicle. In an announcement made today we can reveal Fisker has hired Finnish firm Valmet Automotive to build the car which will begin to arrive in dealerships in 2009.

"After an exhaustive global search, we are thrilled to have found the ideal manufacturing partner in Valmet Automotive," Fisker CEO Henrik Fisker said in a statement. "Valmet offers us the quality and speed necessary to meet our production goals, and given that more than half of Fisker Automotive's sales are expected to be outside of North America, Valmet represents an ideal international foothold. We do have a strategic plan to utilize an American manufacturing site for future models of the Fisker Karma."

The news is sure to come as some relief to Valmet after they recently lost their contract to build the Porsche Boxter and Porsche Cayman after 11 successful years and 200,00 units to Austrian firm Magna Steyr.

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Fisker Karma Will be Made in Finland