Fisker Looks for Strategic Partners in China, Hasn’t Built a Car in Six Months

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The Karma might look gorgeous but things aren’t looking very good for its maker, Fisker, right now. In 2012, despite having delivered some 2,000 Karmas, it’s had its federal loan frozen, issued a number of recalls on the Karma, saw its battery supplier, A123 Systems, go bankrupt and 16 of its cars being destroyed by hurricane Sandy and, to top it all, it hasn’t built a single car in the past six months.

So the company is looking for partners and investors. And what better place to turn to than a country that wants to acquire high-end EV technology? That would be China; according to a report from Reuters, Fisker’s top executives are trying to find a strategic partner that would help them get things started again.

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Fisker's New Atlantic Mid-Size Hybrid Reportedly Pushed Back to Late 2014 or 2015

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Building a car company from scratch is quite an achievement. Deciding that your first product will be a US$100,000+ hybrid saloon is very bold. Launching it to the market means, you’ve arrived, even if it’s a little later than originally planned and your first-ever model faced some recall issues soon after its sales began.

Henrik Fisker did all of the above in four years. He knew very well though that you can’t sustain a company with a single model; especially one that costs more than US$100K. That’s why Fisker Automotive revealed the Atlantic, a mid-size petrol-electric hybrid, at the New York Show last April.

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Leaked Fisker Atlantic documents reveal production delay, specs

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The Fisker Atlantic extended-range plug-in vehicle will start production about a year after its previously estimated mid-2013 date, Inside EVs blog reports, citing leaked company documents that were dated "a few weeks ago."

The Atlantic, formerly known as Project Nina, will compete pricewise against the BMW 3 and 5 Series sedans as well as the Mercedes-Benz C-Class and E-Class, Jaguar XF and Audi A4 and A6. That would put the model in the $50,000 to $60,000 range, according to the publication. The model, which will still be produced at Fisker's Delaware plant, will have 300 horsepower, a 0-60 time of 6.5 seconds and emissions of 50 grams per kilometer of CO2, Inside EVs said, citing the documents.

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

The status of the Atlantic has been in question since plans for the former General Motors plant in Delaware were put on hold once the U.S. Department of Energy froze most of the $529 million in loans earmarked for the California-based company.

Fisker unveiled the Atlantic at the New York Auto Show last month, saying that the car's price tag would be "a much lower price point" than Fisker's Karma sedan.

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