Fisker looking to form alliances to share costs

Associated Press Modified: October 1, 2012 at 4:45 pm •  Published: October 1, 2012

DETROIT (AP) — Electric car maker Fisker Automotive is talking with other car companies about sharing parts and technology.

The company, based in Anaheim, Calif., is also preparing for a public offering of stock that would help it raise money for new vehicles, Fisker's new CEO Tony Posawatz said Monday during a speech to the Automotive Press Association. Posawatz didn't say when an offering might happen, but he said the company is watching the stock performance of electric carmaker Tesla Motors, which had an IPO in 2010.

Posawatz, the former head of electric vehicles at General Motors Co., joined Fisker in August. He would not say which companies Fisker is talking to about a partnership or what form that partnership could take. Fisker could form a technology-sharing alliance, as Tesla has done with Toyota Motor Corp. and Daimler AG. It could also be bought by a company that wants its plug-in hybrid technology.

"The Fisker team has something that is very valuable," Posawatz said, referring to Fisker's hybrid system, which allows a car to go 30 to 40 miles on battery power before a backup engine kicks in.

An alliance would also help Fisker save money on parts.

Fisker currently sells one model, the $100,000 Fisker Karma plug-in hybrid sports car. It's developing another model — the Atlantic coupe — which would sell for around $55,000, but it hasn't said when it will go on sale. Posawatz said Fisker will release a timetable for the Atlantic in December.

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