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Although plans haven't been finalized for the upcoming Fisker Atlantic (plans like, say, determining if Fisker will even have enough money to build the car) the company has already figured out what will be under the hood: an engine from the BMW 3-series.

Fisker has inked an agreement with BMW to use the current 3-series 4-cylinder turbo engine in the Atlantic, which should be priced around $55,000 when (if) it makes it to market, Fisker CEO Tony Posawatz told the Automotive Press Association Monday. The start-up automaker is about $150 million short of the cash it needs to build the Atlantic, which, like the Chevrolet Volt, uses advanced batteries to power an electric motor and then kicks in a gasoline-powered engine as a backup when needed.

Poswatz is pretty optimistic the company will reach that goal. He's prepping Fisker to become a publicly owned firm, traded on the stock market like rival automaker Tesla. And even though the Department of Energy hasn't forked over more than half of the $529 million loan it promised Fisker to build the Atlantic in Delaware, Posawatz said the company is still on track to make the car there. He also said that strategic partnerships and figuring out a lease program for are on his list of things to do.


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    • 1 Second Ago
  • 16 Comments
      Turbo Froggy
      • 2 Years Ago
      4 cylinder diesel very interested. Gasser not interested.
      winc06
      • 2 Years Ago
      I have defended them in the past, but Fiskar is beginning to look more and more like a Ponzi scheme. Really? Fiskar is going to make a complex hybrid with a purchased BMW engine for about the same price as the BMW auto the engine comes in? And compared to Fiskar, BMW is a mass production giant and has economies of scale that Fiskar will never have. So you have to believe one of two things. Fiskar will be able to build a luxury sedan as cheapiy as BMW, or you will have to pay $100k for for the Fiskar. Neither of those alternatives make any sense. What does make sense is that the company will fail and the people in charge will walk away with lots of cash.
        methos1999
        • 2 Years Ago
        @winc06
        Do you even know what a Ponzi scheme is? It's when you have the appearance of growth by bringing in more new customers to pay back the old customers. I don't think Fisker is using money from new customers (ie new cars) to pay for the old customers (ie old cars). They do however appear to be in a death spiral...
        Letstakeawalk
        • 2 Years Ago
        @winc06
        " Fiskar is going to make a complex hybrid with a purchased BMW engine for about the same price as the BMW auto the engine comes in?" To answer your question: No. The 328i, which has the same 2.0 engine, starts at $37k.
      methos1999
      • 2 Years Ago
      Wow first to comment! At this point I doubt Tesla is worried about competing with Fisker, in fact I very much doubt the term 'rival' is an appropriate one.
        Maddoxx
        • 2 Years Ago
        @methos1999
        Fisker is not a rival to Tesla. Fisker gets trounced in every category compared to the Tesla S.
      MTN RANGER
      • 2 Years Ago
      Get it built!
      mikeybyte1
      • 2 Years Ago
      I don't understand why Fisker keeps putting such high power gas engines in his cars. The goal of the range-extender technology is to get great fuel economy and eliminate range anxiety. If he wants his cars to be swoopy and visually stunning great. But keep them light and efficient. He's not really building something that will be stylish, fast and super fuel efficient. They are just stylish fast and high tech, with just OK economy. I am no longer getting the point of Fisker.
        GoodCheer
        • 2 Years Ago
        @mikeybyte1
        I agree. For sustained highway speed you shouldn't need more than about 40 kW, or less if your aerodynamics are good. 40 kW @ 80 mph gives you 500 Wh/mile, which is more than a medium sized car should need.
      Letstakeawalk
      • 2 Years Ago
      Fisker has recently raised another $100 million in the latest round of capital gathering. So now, they're only $50 million short of their goal. "Equity investors continue supporting plug-in hybrid maker Fisker Automotive, which announced on Wednesday that it closed on more than $100 million toward a still-open financing round." http://blogs.wsj.com/venturecapital/2012/09/26/fisker-automotive-keeps-it-rolling-raises-additional-100m-plus/
        Letstakeawalk
        • 2 Years Ago
        @Letstakeawalk
        It seems that Fisker has announced they've raised the funds: "Adds Tony Posawatz: “The Karma is already a testament to US automotive innovation and advanced technology and we intend to announce our production plans for the Atlantic and a timeline by December of this year.” Henrik Fisker, founder and Executive Chairman of Fisker, said: "The latest financing arrangements mark an important milestone for Fisker. We are now poised to invest in the next generation of extended-range battery electric luxury cars and another chapter in the fast-paced expansion of Fisker Automotive, and are demonstrating our commitment to long-term success.” http://media.fiskerautomotive.com/global/en-us/Media/PressRelease.aspx?mediaid=963&title=fisker-secures-new-equity-funding
      EVnerdGene
      • 2 Years Ago
      So the DOE invested $193 Million to build a car in Finland with a Chebbie engine. Next model uses a German engine.
        Letstakeawalk
        • 2 Years Ago
        @EVnerdGene
        BMW built more than $7 Billion worth of autos in the US last year, and their plant employs more workers than any other car factory in the US. (Companies are global now, get used to it)
          EVnerdGene
          • 2 Years Ago
          @Letstakeawalk
          Did the DOE loan money to BMW to build cars in Europe ?
          Letstakeawalk
          • 2 Years Ago
          @Letstakeawalk
          Did the DoE loan money to Fisker to build cars in Europe? No. Not a dime of DoE money was spent anywhere except in the US, as verified by the DoE.
      Doug
      • 2 Years Ago
      Good luck to them. The cars have nice styling. Everything else has been a bit worrying.
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