(CNN) It took Henry Ford three tries to start his own successful car company. Henrik Fisker is on his second try with his new company, Fisker Inc., and he's feeling confident he won't need a third. This time around, he's not going after luxury car buyers -- even though that's what most other electric vehicle startups, including Tesla, have done. An electric SUV for the massesFisker's last car company made a stylish but impractical and costly plugin hybrid car called the Karma. Also Valmet, unlike Magna, did not have a stake in Fisker's business, Fisker pointed out.

Source: CNN February 18, 2021 14:37 UTC