2014 Detroit Electric SP:01 Production on Hold


  • 2014 Detroit Electric SP:01 Picture

    2014 Detroit Electric SP:01 Picture

    Detroit Electric has missed its original sales target and production has been put on hold. | August 27, 2013

Just the Facts:
  • Production of the $135,000 2014 Detroit Electric SP:01 has been put on hold, according to the Detroit News.
  • Earlier, the Detroit startup told Edmunds the sports car would go on sale in August.
  • The automaker has not finalized an agreement for a manufacturing facility in Michigan.

DETROIT — Production of the $135,000 2014 Detroit Electric SP:01 has been put on hold, according to the Detroit News.

Earlier, the Detroit startup told Edmunds the sports car would go on sale in August.

The automaker has not finalized an agreement for a manufacturing facility in Michigan.

Detroit Electric did not respond immediately to requests for confirmation of the delay.

Don Graunstadt, North American president for Detroit Electric, told the Detroit News in an e-mail that the company has not yet signed an agreement for a production facility and that manufacturing would not begin as scheduled.

In March, amidst much fanfare, the revived company announced plans for an initial run of 999 of the $135,000 SP:01, which is built on the same platform as the Lotus Elise. At that time, Detroit Electric officials said they intended to use profits from that first model to expand the line to include a less expensive, mass-produced car.

But apparently those plans are now on hold. No new timetable was given, but Graunstadt did confirm that Detroit Electric is still "100 percent committed" to establishing a plant in Southeast Michigan.

He added: "To further elaborate at this juncture is, unfortunately, not possible as Detroit Electric have entered into negotiations with other parties that have the potential to impact our business strategy and timing."

The original Detroit Electric set up shop in the Motor City in 1907 and by the time it closed in 1939 had produced about 13,000 vehicles.

Edmunds says: The revival of Detroit Electric appears to have stalled for the time being.

Comments

Leave a Comment
ADVERTISEMENT

Featured Video

ADVERTISEMENT

Marketplace

up2drive

Get Pre-Approved for a Loan


Car.com

Credit Problems?
We can help you get Financing!

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Have a question? We're here to help!
Chat*
Chat online with us
Email
Email us at help@edmunds.com
*Available daily 8AM-5PM Pacific
Phone*
Call us at 855-782-4711
SMS*
Text us at ED411