Fisker Automotive Signs Supplier Agreement With BMW

ANAHEIM, Calif., Sept. 1, 2011 /PRNewswire/ -- Fisker Automotive announced today the signing of an agreement with BMW that will cover the supply of engines and other components for future Fisker models.

BMW will supply a four-cylinder turbocharged engine for the next generation of Fisker cars, code-named 'Project Nina', which are scheduled to go into production in the re-commissioned former GM plant in Wilmington, Delaware at the end of 2012 and be on sale globally in 2013.

The agreement calls for up to 100,000 engine units per year at peak volume.

The first 'Project Nina' derivative will be a mid-size premium sedan utilizing Fisker's EVer™ (electric vehicle with extended range) technology to deliver on Fisker's corporate vision of Uncompromised Responsible Luxury.

Fisker 's CEO and Executive Design Director, Henrik Fisker, comments; "The BMW engine was an obvious choice for us, as BMW is known for producing the best and most fuel efficient gasoline engines in the world. We are very pleased to have signed this agreement with BMW."

Fisker's Chief Operating Officer, Bernhard Koehler, adds; "This is an important agreement for Fisker. We are focused on building environmentally responsible cars that deliver Pure Driving Passion to our discerning customers. Who better to be a part of this exciting 'recipe' than BMW – the makers of the Ultimate Driving Machine?"

California-based Fisker Automotive recently established a European office in Munich, Germany and has publicly stated that both the Fisker Karma Sedan and 'Project Nina' lines are global vehicles with sales likely to be split equally in the US and Europe (40% each), with Asia (20%) providing the remainder.

ABOUT FISKER AUTOMOTIVE, INC.

Fisker Automotive is an American car company, founded in 2007, committed to producing electric vehicles with extended range (EVer) that deliver Uncompromised Responsible Luxury™.  The Fisker Karma Sedan is the world's first premium electric plug-in hybrid representing the company's firm belief that environmentally conscious cars need not sacrifice passion, style, or performance.  Fisker Automotive is a global company that is redefining luxury for the modern sports car buyer.  For more information on the brand and the Fisker Karma sedan, please go to http://fiskerautomotive.com.

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SOURCE Fisker Automotive