Bad Karma? Troubled Fisker Delays Second Model
Carmaker's second plug-in hybrid stalls, won't arrive until 2014
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 TheDetroitBureau.com.
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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