Fisker executives unveil their second model, the Atlant... Fisker executives unveil their second model, the Atlantic, at a happier time.
Fisker Automotive told investors it plans to delay the launch of its second model by up to a year, according to documents leaked to the website

The documents suggest California-based Fisker is having a difficult time securing Department of Energy loans needed to prepare for the car's production, as well as a number of other problems that have besieged the company, according to reporting by

Instead of rolling out the Fisker Atlantic next year, the company will now wait until 2014 to begin production in its Delaware plant. The plug-in hybrid, which is powered by an electric motor but uses a gas engine to extend its electric range, will be priced between $50,000 and $60,000 and have some excellent performance numbers including a 0 - 60 time of 6.5 seconds, according to the documents.

AutoblogGreen contacted Fisker and a company representative said, "As these documents are obviously leaked investor documents and highly confidential, I am not prepared to comment any further."

The documents reveal that Fisker has obtained a significant amount of money and expects the federal funding – $529 million in loans – should begin to kick in at the end of the summer.

Fisker came under scrutiny recently when one of its $100,000 Karma's caught fire and burned down a garage in a Sugarland, Texas garage. Fisker quickly dismissed the idea that its car was the cause and called any claims that its engine compartment was poorly designed and might have started the fire "unfounded."

A Karma bought by Consumer Reports broke down during testing, and Fisker had to recall some vehicles due to a defect in its batteries.

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    • 1 Second Ago
      • 3 Years Ago
      Fisker:: End this US taxpayer gifted (to the tune of half a Billion $$) farce ... pay back what you owe US taxpayers and write off the Fisker as an ill-timed joke. Cars were to be made in Newport, Delaware ... at an old GM plant, supposedly would add 2,000 jobs to the local economy ... but where have the few Fiskers produced to date been made? Finland! The old GM plant (still not renovated) sits idle, weeds growing in the parking lot Of course, The Prez and Joe B were all in favor of giving away $500 million of OUR $$ to get Fisker up and running ... another great fiasco .... return to the US taxpayers? ZILCH!
      • 3 Years Ago
      Why invest in new technology or energy source for vehicles? We can always subsidize big Oil billions and fight trillion dollar petro wars and petro funded terrorism. Pay a fraction of the true cost of oil at the pump and we'd only be using oil produced in North America in 5 years.
      • 3 Years Ago
        Ron Wizard
        • 2 Years Ago
        The solution to our problems is a RECALL VOTE on the president and vice president. And elect a president who is not afraid to harvest our abundant energy resources here in the USA. If the leberals get upset TOUGH COOKIES!!!!