HELSINKI (Reuters) - Finnish engineering group Metso Oyj said its car manufacturing unit Valmet Automotive had signed a letter of intent with U.S. hybrid car producer Fisker Automotive to build the Karma hybrid car in Finland.
Deliveries of the four-door hybrid sports sedan are set to start in the fourth quarter of next year, with production volume projected to reach 15,000 a year, Metso said in a statement. It gave no financial details.
Valmet will stop making Porsche's Boxter and Cayman models in 2012 after Porsche AG decided not to extend the manufacturing deal they have had since 1997
Metso to build Fisker Karma hybrid car in Finland | Reuters