Fisker Automotive
Fisker Automotive
Shaken by supplier problems and cash flow issues, Fisker is said to be delaying the launch of its second model after the Karma for at least a year. The four-door Atlantic hybrid was unveiled at the New York auto show in April and was due to go on sale in 2013. But Fisker is not denying reports that the launch is on hold until mid-2014. Money appears to be the issue. The Department of Energy froze a $529 million loan to Fisker last May after the company had received about one-third of the allocated funds, and a company spokesman told Automotive News that Fisker won't be announcing a new date for the Atlantic until it gets funding from the DOE or someplace else. Paging Mark Zuckerberg.


By Alex Taylor III, senior editor-at-large @FortuneMagazine - Last updated June 06 2012: 9:50 AM ET
Join the Conversation
Find Your Next Car

Get the latest car news:

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.