Thursday, October 18, 2012

Fisker Atlantic Faces Delay

Just the Facts:
  • Production of the Fisker Atlantic plug-in hybrid sedan will start in late 2014 or 2015, much later than initially planned, according to a Reuters report about a Fisker investor presentation.
  • "No further comment to add at this stage, as these were confidential investor documents," wrote Roger Ormisher, a Fisker spokesman, in response to an e-mailed query from Edmunds.
  • The Fisker Atlantic is designed to be about half the price of Fisker's $103,000 Karma.

ANAHEIM, California ? Production of the Fisker Atlantic plug-in hybrid sedan will start in late 2014 or 2015, much later than initially planned, according to a Reuters report about a Fisker investor presentation.

"No further comment to add at this stage, as these were confidential investor documents," wrote Roger Ormisher, a Fisker spokesman in response to an e-mailed query from Edmunds.

The Fisker Atlantic is designed to be about half the price of Fisker's $103,000 Karma.

In a statement on its Web site, Fisker said the Atlantic is "aimed at young families who want to drive an impactful, high-end vehicle while making a positive statement about responsibilities."

The Atlantic, which will be built at a former General Motors plant in Wilmington, Delaware, is about the size of a BMW 5 Series. The Atlantic is expected to be Fisker's volume model.

The report of the possible Atlantic delay comes as A123 Systems Inc., the battery supplier for the Karma, filed for bankruptcy on Tuesday. A123 is expected to sell its automotive assets and factories to automotive supplier Johnson Controls, also known as JCI.

"Fisker welcomes the prospect of JCI, a recognized and strong Tier One supplier with which we already have a relationship, acquiring A123's automotive operations in order to continue production of the battery pack that we currently use on the Karma to supplement our existing inventory, which is expected to cover our needs through at least the first quarter of 2013," wrote Ormisher to Edmunds in another e-mail.

Edmunds says: Fisker Automotive continues to face bumps in the road from several directions.

Source: http://www.insideline.com/fisker/atlantic/fisker-atlantic-faces-delay.html

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