Fisker confirms no Atlantic until late 2014/early 2015; downplays battery supplier blip
Green Car Reports writes.
“The Atlantic is de facto the quantity car that begins to construct growth,” CEO Tony Posawatz said at the call, arguing that the EV “creates a business model that’s one where we will be able to really generate profit the long run.” However, that money won’t be landing in Fisker’s account any time soon, with Posawatz also confirming that the Atlantic continues to be a few years away.
The reason behind that extended gestation period isn’t clear, though Fisker is yet to make your mind up whereabouts it’ll actually be produced. “We desired to make certain it was located within the United States” CFO Jim Yost said, and it’s possible that the present Delaware facility the corporate uses may be turned over to creating the recent model.
Although concerns surfaced earlier today, when it was revealed that Fisker battery supplier A123 Systems was to sell up, that the Karma – and future EVs – might run wanting power, the auto company says that isn’t a worry it shares:
“Fisker welcomes the possibility of JCI, a recognized and robust Tier One supplier with which we have already got a relationship, acquiring A123′s automotive operations with a purpose to continue production of the battery pack that we currently use at the Karma to supplement our existing inventory, that’s expected to hide our needs through no less than the primary quarter 2013″ the corporate told GigaOm.
Fisker closed yet another $100m equity round last month, taking its total investment raised to $1.2bn, though its Karma has suffered a range of of embarrassing safety hiccups. Several of the cars have overheated or even caught on fire, while Consumer Reports deemed the EV “full of flaws” in its review.