Industry News: Another Delay For The Fisker Atlantic

[William Maley]

William Maley

Staff Writer - CheersandGears.com

October 16, 2012

When we last checked in on the Fisker Atlantic, the mid-size sedan that would take on the 5-Series, A6, CTS, and others, was delayed from next year to sometime in 2014.

A new report from Reuters says Fisker has pushed back production of the Atlantic to late 2014 or 2015, a full two years behind the original production date.

"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," Chief Executive Tony Posawatz said during a conference call with investors and analysts.

The conference call also revealed the Atlantic has a target base price of $55,000 and the underpinnings will be used to spawn several other models, including a new crossover.

Source: Reuters

William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.

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[G. David Felt]

Based on reading the original Reuters story and searching around on the net it would seem they are hurting in many ways and that this delay is due to many things including I wonder if certain automakers might not be putting pressure on them.

Makes me think of Tucker Torpedo all over again.

[A Horse With No Name]

I'd like to see these guys get the ball rolling and get business started...

[ocnblu]

I'm all broken up over this latest setback.

[G. David Felt]

I have a gut feeling that this will all go away and the company will be nothing more than a foot note in history like the DeLorean.

[Drew Dowdell]

but what is the reasoning for the pushback.

[G. David Felt]

but what is the reasoning for the pushback.

So in rereading this, I missed where the push back is due to the DOE freezing the majority of their 529 million loan since they were not ready to build the Karma which was a requirement in the loan by a specific date. They also mention they had done tremendous cleanup to the GM plant they bought and yet searching on the web seems to imply they have done nothing to the site to get it ready for auto production.

The amount of grey stories on Fisker makes me think this is another one of those fly by night to steal half a billion dollars from the public. I am very happy that the DOE is making them have to honor the delivery dates before they can get anymore money.