Thursday April 10, 9:01 am ET
Premium American Green Car Company Announces Appointment of Fisker Italia and Planned Export Production
IRVINE, Calif., April 10 /PRNewswire/ -- Fisker Automotive, Inc., a green American premium car company, today announced Fisker Italia as its first International importer. With plans to allocate more than 50 percent of its production to overseas sales, Fisker Automotive is poised to become a leading exporter of premium U.S. automobiles. Additionally, Fisker Automotive, maker of the first of its kind plug-in hybrid premium sports sedan, further announced it has received great interest from 44 North American markets in which it hopes to have retail representation
"We are thrilled at the interest Fisker Automotive is receiving in North America and particularly abroad," said Fisker Automotive Board Member and Director of Retail Development, Vic Doolan. "Fisker Italia is an elite international importer, and they demonstrate the resounding demand for 'style without sacrifice' we are receiving in both North American retail markets and abroad."
Initial domestic deliveries of Fisker Automotive's first car, the Karma, will commence in the 4th quarter of 2009 in North America with planned delivery to Europe in 2010. Fisker Automotive's annual production is projected to reach 15,000 cars, with more than half of sales expected to be overseas.
"We at Fisker Italia believe in the philosophy, management team and vehicles that Fisker Automotive has put together," said Franco Pizzuto, CEO Fisker Italia. "We are honored to be the first European dealer announced in this very important movement."
About Fisker Automotive, Inc.
Keeping with the company's mantra of "Simply World Class", Fisker Automotive and its retailers will offer a customer experience second to none. All retailers will be housed in eco-friendly facilities and will offer consumers a unique personal approach, including the ability to ask questions via video conference with an expert at Fisker Automotive headquarters and flexible scheduling based on consumer availability.
Fisker Automotive is a privately owned car company with Henrik Fisker serving as the CEO. Fisker Coachbuild, LLC will be the exclusive design house for Fisker Automotive through the entire range of product development. Fisker Automotive is a Joint Venture between Quantum Technologies (NasdaqGM: QTWW) and Fisker Coachbuild, LLC. The majority of funding was received from Kleiner Perkins Caufield & Byers and Palo Alto Investors.
Fisker Automotive will offer its range of cars worldwide with first deliveries starting in North America in the 4th quarter of 2009.
Contact:
At the Company:
Dale Rasmussen
Investor Relations
Email: DRasmussen@qtww.com
1-206-315-8242
Investor Relations:
RedChip Companies, Inc.
Sanford Diday
1-800-REDCHIP (733-2447, Ext. 115)
info@redchip.com
http://www.redchip.com
For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com
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