According to a recent report, Fisker is skeeing to raise a $150 (€121 / £95) million to build the Atlantic.

We've already heard reports the Fisker Atlantic could be delayed until 2014, but new details are emerging about the reason behind the wait.

Speaking with Reuters, Fisker board member Ray Lane said "We need money on our balance sheet" and "we need money to fund the development of the next car." He declined to mention how much the company is seeking to raise, but an investor said Fisker is looking for $150 (€121 / £95) million in funding.

As we have previously reported, the Atlantic could feature a 300 hp (224 kW / 304 PS) electric motor and a turbocharged four-cylinder range-extending engine. This should enable the model to accelerate from 0-60 mph in 6.5 seconds and have CO2 emissions of roughly 50 g/km.