Fisker Not Committed to Delaware Plant for Production of Atlantic

The Fisker Atlantic just debuted at the 2012 New York Auto Show, but where it will ultimately be built is still to be determined, according to Automotive News. One reason for this change is an increase in private financing relative to the development and launch of the Karma, which was partially funded with Department of Energy loans.

The Atlantic, formerly referred to as “Project Nina” was expected to be built at the former General Motors plant in Wilmington, Delaware. Use of the Wilmington plant as the production site of the Atlantic was reportedly one of the conditions for DOE loans earmarked for that model. Thanks to $132 million in private funding the company has raised, it has many more options for production of the new sedan.

“We have to look at what’s best for the company and the shareholders,” said CEO Tom LaSorda.

Although no longer a certainty, building the Atlantic at the Wilmington is still a possibility. According to LaSorda, the only major missing piece at the plant is a paint shop, which can be set up quickly, if needed.

Although corporate offices for the automaker are in Orange County, California, the flagship Karma sedan is currently assembled by contract manufacturer Valmet in Finland, which also produces some Porsche Boxster and Cayman models. Whether Valmet could also manufacture the Atlantic remains to be seen.

Source: Automotive News (Subscription Required)


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