Cleveland fisker

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India's electric vehicle adoption is lagging because cars are considered a luxury, CEO says. Look for Goldilocks stocks, not too hot and not too cold, advises portfolio manager.

HSBC says it's 'very comfortable' with its exposure to China's property sector. Claims that China is uninvestable are 'way too overarching,' says Goldman Sachs. Under the arrangement, Foxconn will manufacture the vehicle at projected annual volumes of more than , Production of the to-be-named personal vehicle will begin in the fourth quarter of Jonas noted that Fisker's deal not only with Foxconn but with autonomous-car-tech maker Magna puts the carmaker onside with " The Los Angeles-based company is already ramping up to begin production on its first vehicle, the Ocean electric SUV, in the fourth quarter of He already has 11 orders and expects to have 50 deals in place by the time vehicles arrive, enough to sell all of the vehicles he is set to receive through Fisker is one of two California companies betting that wealthy car buyers are going to be willing to pay premiums for eco-friendly cars.

The Karma comes with large batteries that drivers would charge at home. In its all-electric mode, the car can go 50 miles on a charge. The vehicle also has a gasoline engine, the same General Motors engine used in sporty versions of the Lordstown-built Chevrolet Cobalt compact car.

Switching between the gasoline engine and the electric motors, the Karma has a mile range. Driven as a fully electric car, the Karma has enough range to handle daily commutes for most drivers.

GM plans to start selling its Chevrolet Volt plug-in hybrid late next year with a mile range.