During the presentation being given to its investors, the Fisker Atlantic, electric car maker, announced that they are delaying the manufacturing of their next hybrid model. It has been found that the manufacturing of the hybrid Karma model will not take place before the end of 2014 or 2015.

Chief Executive Tony Posawatz was of the view that they have quite a high hopes from the care, as it will not only be the smaller version of their Karma model. But it will be cost effective also, and if to believe the industry insiders then the price of the car will be slashed by half in comparison to the Karma model.

While giving further information on the same, the company officials were of the view that they have been financially backed by the Energy Department, which have provided them $529 million loan. The company has also spent $193 million on the project.

A lot of money has been riding on the project, so it is obvious that the company do not want to go wrong even a bit. “We think that’s an opportunity for some of our suppliers to come in, co-locate with us and really provide a manufacturing hub for the next generation of products”, said company officials.