Karma Automotive is selling vehicles to convert over to Destino's.
Tell me, the new Karma company, the Chinese-owned, Cali-based one that starts production of the reborn Karma with BMW bits this year, I gather they own the design rights to the shape that has become the Destino, right?
Well that’s murky because of the bankruptcy and all that, but to tell you really what’s happening, we are buying these cars from Karma, and we already bought a whole bunch of cars.
The way it works is Karma Automotive, they have cars that were still left.. not a lot, I think it was about 100, which is why we can make about a hundred.
Now we can buy those cars, and we are getting our own VIN, fully certified everything. So this car when you look at the VIN will say ‘VLF Destino’.
Can you talk about that at all or is it…
It’s too early, you know, we kind of want to stay undercover… I want to say a lot but it’s hard to define that but there are at least 4-5 electric startups, and everybody is making noise and this and that, and we don’t need to go out for funding and all that right now, so we’ll work a little undercover. I’ve done this before, so, I kind of want to get a little ahead.
Before we show something to journalists we want to have something a little more tangible.