Fisker Pushes Back Atlantic Production to Late 2014, Early 2015

Fisker Atlantic 1 photo
Photo: Fisker
Despite securing the necessary funds to get production of the Atlantic mid-sized extended-range hybrid going, Fisker has announced that official entry into production has been pushed back to late 2014, early 2015. The car will be built in an old GM plant, in Wilmington, Delaware, and is set to cost around $55,000.
It will be a very important car for the company, as Tony Posawats, CEO of Fisker said: "The Atlantic is really the volume car that begins to build growth [. . .] It creates a business model that is one where we can really generate cash in the future." He added that Fisker may "engage with some discussions with partners to use this platform, use this technology, which very few people have."

Furthermore, they now want to follow the example set by Tesla, and become a public company, selling some of its shares to raise some much-needed funds. They were dealt a massive blow, when the Department of Energy (DOE) froze half of a $529-million loan, on grounds of delays when launching the Karma, which is currently their only offering.

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