The new Chinese owners of Fisker, Wanxiang, have recently made statements that they are looking to restart production of the Karma sedan by the end of 2014, after it paid $149.2 (€108.5) million to gain full control last month. On top of this, they also want to finish developing the company’s second model, the Atlantic.
The Karma might look gorgeous but things aren’t looking very good for its maker, Fisker, right now. In 2012, despite having delivered some 2,000 Karmas, it’s had its federal loan frozen, issued a number of recalls on the Karma, saw its battery supplier, A123 Systems, go bankrupt and 16 of its cars being destroyed by hurricane Sandy and, to top it all, it hasn’t built a single car in the past six months.
So the company is looking for partners and investors. And what better place to turn to than a country that wants to acquire high-end EV technology? That would be China; according to a report from Reuters, Fisker’s top executives are trying to find a strategic partner that would help them get things started again.
Despite facing more than a few setbacks, Fisker Automotive is pushing ahead with its plans and announced today that it will establish a new technical center in the Midwest as it continues development of the Atlantic, its second model after the Karma.
Although a location hasn’t been selected yet, South Eastern Michigan has been named by the company as a likely site for the new facility that’s scheduled to open in spring 2013.
Building a car company from scratch is quite an achievement. Deciding that your first product will be a US$100,000+ hybrid saloon is very bold. Launching it to the market means, you’ve arrived, even if it’s a little later than originally planned and your first-ever model faced some recall issues soon after its sales began.
Henrik Fisker did all of the above in four years. He knew very well though that you can’t sustain a company with a single model; especially one that costs more than US$100K. That’s why Fisker Automotive revealed the Atlantic, a mid-size petrol-electric hybrid, at the New York Show last April.
Amidst all the not-so-great situations currently surrounding Fisker and which range from car fires to the ushering in of a new CEO, another bombshell has just hit home for the California based company. They need $150 million (€121 million), and they need it soon.
Since their inception in 2007, the Fisker brand has raised over $1 billion (€809 million) in private finances to back its automotive projects, but now they need an extra cash flow in order to finalize production of their newest Atlantic model in the very near future.
If you've been following our coverage of the 2012 New York Auto Show, you will no doubt have noticed that a significant number of automakers revealed brand new sedan offerings.
The mid-size segment is represented by the Fisker Atlantic showcar, which like the RLX, is more or less production ready, the 2013 Lexus ES, the 2013 Lincoln MKZ, the 2013 Nissan Altima and the 2013 Toyota Avalon, which has been re-categorized as a mid-size model.
It's show time for the maker of the Karma hybrid, as Fisker officially presented its new Atlantic mid-size sports sedan at a special event on Tuesday night in advance of the car's world premiere at the New York Auto Show on Wednesday, April 4.
Revealed here as a design prototype, the Atlantic will be Fisker's first mainstream and mass produced vehicle. The company said the car is aimed at young families who want to drive "an impactful, high-end vehicle while making a positive statement about responsibilities".
The California-based automaker declined to get into specific details, but it is believed that the Atlantic will start from under $50,000, not including any federal green tax credits, which could reduce the price to a little over $40,000, or less than half the cost of the Karma.
Just like the Karma sedan, the Atlantic is a plug-in series hybrid that allows the driver to switch manually or automatically between electric and gasoline driving modes and sustain the charge of its lithium ion batteries on the move.
Over the weekend, we brought the first official images of the new Fisker Atlantic, formerly known as the Project Nina, and now we can show you the mid-size sedan from a few new angles thanks to some fresh shots.
The new pictures give us a better view of the rear end design as well as our first look at the car's glass roof. As noted in our previous post, the Atlantic uses the same design language as the larger Karma on a smaller body with a fastback styling for the rear.
From the same people that brought us the first images of the BMW i8 Spyder on Friday, come these leaked pictures of the all-new Fisker Atlantic, a mid-size hybrid sedan that's destined to make its world debut at the New York International Auto Show on Wednesday.
Recent spy pictures confirm the legitimacy of these two official photos that afford us our first unmasked view of the car.
Previously known under the project codename 'Nina', the Atlantic will sit under the $100,000+ Karma taking its place as Fisker's most affordable model.
We just learned from a reliable source that the car we've come to know as the Project Nina and which will be revealed at next week's 2012 New York International Auto Show, will be named the Fisker Atlantic.
The Atlantic is a four-door plug-in hybrid that will sit under the Karma in Fisker's range with a price that will likely hover around the $50,000 (equal to €37,800) mark, or about half the cost of the larger Karma sedan.