Cars

It's over for Fisker... Not long after Henrik Fisker left Fisker Automotive, the company has announced it is reducing its workforce by 75 percent.
“Our efforts to secure a strategic alliance or partnership are continuing in earnest, but unfortunately we have reached a point where a significant reduction in our workforce has become necessary,” a company statement reads.
By the end of the day, Fisker expects to have retained about 25 percent of its workforce. Fifty-three senior managers and executives have stayed with Fisker, Reuters reports, mostly to help find buyers for the company’s assets. What happens next for Fisker Automotive is unclear, but the company is nearing a deadline to repay some of the U.S. Department of Energy’s $193 million loan.
Read more: http://wot.motortrend.com/official-fisker-cuts-75-percent-of-its-staff-352259.html#ixzz2PdiTu3ke

28 Flavors

Sat Apr 06 2013 00:57:26 GMT+0000 (Coordinated Universal Time)

Yikes! Good thing I didn't have an order down for one.

Sun Apr 07 2013 02:52:03 GMT+0000 (Coordinated Universal Time)

Hammerdown

What about Tesla Antonio? They're ahead of projected earnings and finally turning a profit

Mon Apr 08 2013 18:40:01 GMT+0000 (Coordinated Universal Time)

Sean Anthony

Even more proof that electric cars will never make it!

Mon Apr 08 2013 17:58:04 GMT+0000 (Coordinated Universal Time)

Antonio Rossi

That's too bad they couldn't keep it together. I have no doubt this will be flaunted by Fox news as undeniable evidence that the electric car market is dead and the left wing agenda is destroying American capitalism with tax handouts

Mon Apr 08 2013 18:58:39 GMT+0000 (Coordinated Universal Time)

John Reed

OLYMPIAN CARS - MIDDLEBURY VERMONT USA
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