Fisker Automotive had planned to introduce its second electric hybrid into the market in 2014, but the ongoing scenarios say that the automaker may not be able to produce the model as originally planned. The new car, named as Atlantic was expected to start production in late 2012, as a lower price report on to the $100k Karma electric hybrid.
Last year, the automaker failed to meet production milestone and $336 out of $529 were cut off by the Department of Energy. Karma is made in Finland and loan was taken to bring the new Atlantic to the US. Initially, Atlantic was named as Project Nina and the automaker thought of building it in its Delaware plant, but reports say about 70 workers were called off as the automaker ceased the work in that facility.
The automaker also had 2 major recalls on its first electric hybrid, Karma that started late last year to replace a damaged battery hose clamp and faulty fan; it was reported that models with such faulty devices had the risk of creating fire. Henrik Fisker, founder of the company officially unveiled plans for Atlantic at the 2012 New York Motor Show.
Due to more private investment, export of cars outside the US, and government loan, it decided to halt the project for some more years.