Fisker Atlantic Unveiled, But What Are Fisker's Chances? (Video)

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Fisker Atlantic concept unveiling before New York Auto Show, April 2012

Fisker Atlantic concept unveiling before New York Auto Show, April 2012

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Standing on a New York City street with taxis, buses, and sirens in the background isn't necessarily the best place to shoot a video, as the clip above pretty much proves.

But it was the backdrop for our segment on Fisker Automotive--since there were three 2012 Fisker Karma range-extended electric sport sedans parked at the curb--right after that company unveiled its Fisker Atlantic concept last Tuesday night.

You can see video of that unveiling here.

We stepped outside to film our update segment because inside the Meatpacking District event space, the music was still pouring out and the guests were still ogling the car and quaffing drinks and stylish hors d'oeuvres.

But concept designs aside, the big question for this year is whether Fisker will be able to sell enough Karmas to put the company on a more stable footing and launch the new, higher-volume range of vehicles on the Atlantic platform.

Fisker executives claim that the company's Karma business will be profitable itself within a year or two, assuming the company reaching its goal of building and selling as many as 15,000 Karma sedans--and other derivatives--a year.

Before the Atlantic was revealed, Fisker also noted that it had raised roughly $130 million from private investors in recent weeks, bringing the total raised in its latest financing round to more than $300 million.

Fisker Atlantic concept unveiling before New York Auto Show, April 2012

Fisker Atlantic concept unveiling before New York Auto Show, April 2012

Enlarge Photo

That money should go some way toward making up for the money it won't be able to draw down from the $529 million in Department of Energy low-interest loans it was granted in 2009.

The remaining 60 percent of those funds were frozen last May, after Fisker missed a set of milestones for getting the Karma into production--milestones, it should be pointed out, that had already been reset once.

That funding freeze, along with a much slower-than-expected launch and persistent quality issues in the earliest cars, led Fisker to lay off employees and suspend development of what is now called the Atlantic.

Watch the video (we're sorry about the background noise and lighting) and let us know what you think Fisker's chances are.

Leave us your thoughts in the Comments below.


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Comments (7)
  1. The future of the electric car is in no way dependent upon the fortunes of Fisker, if for no other obvious reason than that Fisker isn't building electric cars : their system uses the gas engine even when its battery is fully charged. The are tied to what will be , at best, a footnote in EV history - the range extended hybrid car : a Volt that one would actually like to be seen in. Electric cars are being developed elsewhere.

  2. I agree.

  3. Not sure where you are getting your info, but on the Karma the gas engine doesn't operate unless the battery range goes to zero or I specifically choose to engage the ICE. Plug-in hybrids like the Karma and the Volt are a necessity until Level 3 fast charging infrastructure becomes ubiquitous. Otherwise you can't drive from San Jose to Sacramento and back in your EV, like I did a couple of Sundays ago in my Karma.

  4. I think Kent's rant is about "sport mode"

  5. I hope all goes well, the Atlantic looks like an updated slimmer Karma. I'd look at buying an Atlantic it seems to address all the things I didn't like about the Karma and if it's faster and more efficient it could be the car I was hoping for when I looked at the Karma in the first place.

  6. Honestly, I think Fisker Corp. should be put on some sort of death watch.

    Sure the vehicles are beautiful, but I don't see them selling 15,000 per year, not with all the troubles they have been having.

    Additionally, the Karma is the least efficient electric vehicle sold and gets appallingly low gas mileage in extend range mode in a small impractical car. Really not what the market wants.

  7. I think 15k/yr is wildly optimistic, but the Atlantic should reasonably sell twice that. I too have a hard time believing that the Karma will ever be profitable, but it was necessary to progress on to the Atlantic. Fisker's fortunes will ride on the success of the Atlantic, which won't even be on the market for more than a year. Far to soon to call for a death watch.

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