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Fisker Delays Atlantic EV Launch
Fisker Automotive Inc. tells investors it won't being building its $55,000 Atlantic extended-range hybrid car for at least two years.
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Fisker Automotive Inc. tells investors it won't being building its $55,000 Atlantic extended-range hybrid car for at least two years.
The company originally planned to launch production of the midsize sedan this summer at a former General Motors Co. plant in Wilmington, Del.
But it suspended work on the car and factory in February after the U.S. Dept. of Energy froze a $529 million loan after the company missed sales and product development targets. Fisker says it recently resumed product development on the Atlantic.
In the meantime, the company says it has delivered about 1,500 of its first model, the $107,900 Karma plug-in hybrid, since introducing it last December.
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