Karma Automotive in Irvine taps new CEO from Beijing Foton-Daimler Automotive

Irvine-based Karma Automotive has a new chief executive, naming Liang Zhou to lead the luxury car maker bought out of bankruptcy in 2014 by Wanxiang Group.

The announcement was made Friday.

Zhou, CEO and president of Beijing Foton-Daimler Automotive, replaces Thomas Corcoran.

The company stated in a press release that it launched a global search for Corcoran’s replacement but did not provide a reason for his exit.

“We were highly impressed with his outstanding record of success in...

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