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BMW to supply Fisker with engines

Fisker's "Project Nina" plug-in hybrid sedan will use a four-cylinder turbocharged BMW engine and other parts from the German automaker.

A Fisker assembly team stands by one of the first Fisker Karma hybrids ever produced. While the Karma is assembled in Finland, Fisker's new 'Project Nina' sedan will be assembled in Delaware. Fisker Automotive

BMW will be supplying the engines for Fisker's next car.

Fisker Automotive announced today that it's contracted with BMW to supply engines, and a few other components, for its "Project Nina" vehicle.

BMW has committed to build "up to 100,000" turbocharged four-cylinder engines for the car per year.

The yet-to-be-officially-named model is expected to begin selling in the U.S. in 2013, going into production at a former GM plant in Delaware in 2012.

"Project Nina" is the follow-up plug-in hybrid sedan to the company's Fisker Karma four-door plug-in hybrid sports car.

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Fisker has said this next model will come in at a price point of $39,000. Fisker was awarded $528.7 million in U.S. government loans in 2009 to develop and manufacture the new model in the U.S., which the company had said will result in the creation of a total of 5,000 jobs both directly and indirectly.

The Fisker Karma, which is currently assembled in Finland, has a top speed of 125 miles per hour, and can go from zero to 60 mph in 5.9 seconds.

The first production model was handed over to Ray Lane in late July. The managing partner at Kleiner Perkins Caufield and Byers is also chairman of Fisker's board, as well as a car enthusiast.