After suffering numerous delays in getting its first car to market, Fisker Automotive has announced it will push back its launch date for the second model in its expanding lineup by as much as two years.
Called the Atlantic, the mid-size plug-in hybrid sedan is designed to rival cars like the BMW 3 Series and will be priced at around $55,000. A new launch date for the car is set for late 2014 at the earliest, though details from a Fisker investor presentation also outline 2015 as a possible production start date for early-build models.
The reason for the delay is not entirely clear as Fisker has said the Atlantic is 90 percent engineered. Rather than on the technical side, the issue is more likely related to funding with the U.S. Department of Energy halting much of its $529 million loan to the American green-car startup early this year.
To help fund future projects, Fisker is shopping around its technology, in the hopes of finding an existing automaker willing to purchase parts or even whole powertrains in a bid to raise funds and lower costs.
Along with numerous delays, Fisker suffered several bouts of bad PR at the launch of the Karma, with a supplier-related recalls and technical glitches.
GALLERY: Fisker Atlantic
For more on the Fisker Atlantic, watch AutoGuide’s First Look video below.
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