Fisker Automotive, which produces the Karma plug-in hybrid sports sedan, announced last Friday that it will lay off 75% of its workforce. This came a week after the 200+ employees were put on a 5-day unpaid furlough.
The future looks bleak for Fisker. Since launching the Karma last year, there have been numerous recalls, and its battery supplier (A123) has gone bankrupt. You may also remember that 300 units were lost in the wake of Hurricane Sandy.
And last month, company founder and executive chairman Henrik Fisker resigned due to “several major disagreements” with members of the senior management team.
Fisker recently tried to seek new funds from Chinese investors, but the discussions were not exactly encouraging. Stay tuned...
Sources: www.thedetroitbureau.com
The future looks bleak for Fisker. Since launching the Karma last year, there have been numerous recalls, and its battery supplier (A123) has gone bankrupt. You may also remember that 300 units were lost in the wake of Hurricane Sandy.
And last month, company founder and executive chairman Henrik Fisker resigned due to “several major disagreements” with members of the senior management team.
Fisker recently tried to seek new funds from Chinese investors, but the discussions were not exactly encouraging. Stay tuned...
Sources: www.thedetroitbureau.com
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| Photo: Fisker |