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Electric-car maker Fisker delays production of next model

Fisker, an electric-car maker backed by a huge federal loan, has pushed back the start of production of its next model.

Now, the Fisker Atlantic, a smaller version of its hybrid Karma model on sale now, won’t be made until late 2014 or 2015, Reuters reports. The disclosure came in a presentation to investors.

“The Atlantic is really the volume car that begins to build growth,” CEO Tony Posawatz is quoted by Reuters as saying during the conference call. “It creates a business model that is one where we can really generate cash in the future.”
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