Fisker Automotive studies manufacturing options for Atlantic sedan

Article by Christian Andrei, on April 4, 2012

Fisker Automotive may utilize other options for the manufacturing of its new Atlantic sedan aside from the long-planned Wilmington facility in Delaware. According to Fisker CEO Tom LaSorda, Wilmington is their primary site, but there are other options and that they have to determine the best one for the company and the shareholders.

He disclosed that the decision on where to manufacture the sedan is anticipated by the end of summer, putting a serious delay in the introduction of the vehicle. The Atlantic was to start pilot production by the second half of 2012. LaSorda stated that if the Wilmington facility is still found to be the best site, it could be set up "really quickly" since they only need to establish a paint shop.

LaSorda hinted that the Wilmington site could instead be utilized to assemble a third automobile, which has a different platform from the Atlantic. The price of the plug-in extended-range hybrid Atlantic sedan is estimated to be around a $50,000 to $60,000. It is around the size of a BMW 3-series or Audi A5. Fisker Automotive revealed that it had obtained $132 million of private capital in March.

Since May, it has not acquired any Department of Energy money, funds which went toward the development of the Karma. However, further drawdowns were anticipated to be allotted for production at the Wilmington site.

By not taking more DOE money, the company has greater flexibility as far as where to manufacture and who might build the vehicle. Fisker Executive Chairman Henrik Fisker stated that they are studying other strategic partnerships, adding that everything is possible. He further stated that they will manufacture the vehicle "with or without the DOE." He did not provide specifics.

Topics: fisker, sedan

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