Fisker plans to start Atlantic production as early as late 2014

Article by Anita Panait, on October 16, 2012

Fisker Automotive is intending to commence the production of its second model, the Fisker Atlantic, in late 2014 or 2015. The announced timeline is at least two years later than what the carmaker originally planned. According to slides prepared by Fisker for an investor presentation, the Atlantic mid-sized gasoline-electric sedan is scheduled to enter pre-production in 2014.

Fisker chief executive Tony Posawatz described the Atlantic as the volume car that “begins to build growth." Posawatz said during a conference call with investors and analysts that the Atlantic creates a business model that will allow Fisker to generate cash in the future. The Atlantic, having a target starting price of $55,000, is set to underpin Fisker's future models, which may include sports utility vehicles and crossovers.

Posawatz said that the hybrid sports-car startup may enter into discussions with partners to use Atlantic’s platform and use its technology. The Atlantic is considered to be vital for Fisker to regain its credibility after production delays and quality issues hit the launch of its $100,000-plus Karma flagship sedan.

Fisker faced another hurdle in February 2012 when the U.S. Department of Energy froze a large chunk of its $529 million loan to the company due to delays in rolling out the Karma.

Posawatz and Chief Financial Officer Jim Yost are some of the new executives Fisker brought in to lead the carmaker’s turnaround efforts. Fisker has so far raised $1.2 billion from private investors since its establishment in 2007. Posawatz remarked that Fisker is now looking at the next phase of its investment and progression as a company to restart the Atlantic program.

Topics: fisker, production

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Although specs for the new Renault Megane had already surfaced several weeks ago, we didn’t know that the company has cooked up something new. Aside from the 200hp gasoline, Renault‘s...
by - December 9, 2016
For the first time in fifty-eight years, Infiniti registers its first US-Spec Q60 Coupe in Cuba. American products have not been allowed entry into Cuba for six decades. But it...
by - December 9, 2016
Chevrolet has already given out the pricing for some of its 2018 Equinox models. Not only will the new Equinox be available in both the US and Canada, it is...
by - December 9, 2016
Nearly all details have been set with regards to the upcoming market introduction of the new Jaguar I-Pace. Its production version was recently previewed at the 2016 Los Angeles Auto...
by - December 8, 2016
WM Motor, a new China-based automaker, recently revealed its forthcoming lineup consisting of affordable electric vehicles. While there is a company is the U.S. that has the same name, they...
by - December 8, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries