Web report says Fisker will delay Atlantic’s rollout to 2014

Article by Anita Panait, on May 18, 2012

Fisker Automotive is reported to be planning to delay the market rollout of Atlantic electric vehicle due to financial issues and the current investigations from the federal government.  According to industry Web site InsideEVs.com, it has gotten copies of investor documents that reveal that Fisker is now planning to introduce the vehicle to the market by mid-2014.

Fisker just unveiled the Atlantic in April at the New York auto show and had planned to roll it out to the market in 2013. Roger Ormisher, Fisker spokesman declined to comment on the report, but sent an e-mail to Automotive News that the company considers the Atlantic as “very much part of Fisker’s future plans.”

Automotive News, however, said that Ormisher’s language implies confirmation that Fisker has trashed its 2013 plans for the Atlantic. In the e-mail to Automotive News, Ormisher said Fisker will be “confirming a new timetable for the program” once it secures funding from the US Department of Energy or from other sources.

InsideEVs.com disclosed that the investor documents also show that the Atlantic will be sold at around $50,000 to $60,000 each. According to Autoweek, the Atlantic is expected to fetch a price of below $40,000 after federal tax credits.

The Atlantic, dubbed as Nina during its development, is a plug-in hybrid powered by a BMW four-cylinder engine.

Fisker is targeting to have the Atlantic compete against mid-sized luxury sedans. Although the Atlantic is offered as a rear-wheel drive vehicle, a buyer could get an all-wheel drive version.

The delay in Atlantic’s rollout would be the latest misfortune for Fisker. It took the company a long time before it rolled out its first electric vehicle, the Fisker Karma, a $100,000 unit made in Finland. The company also suffered a blow from the DOE, which froze $529 million loan to the Fisker after the company had received about one-third of the allocated funds.

Topics: fisker, sedan

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