Henrik Fisker has teamed up with an investor group led by Hong Kong billionaire Richard Li in hopes of salvaging Fisker Automotive by buying the DOE’s loan and staving off bankruptcy.
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Fisker settles with A123 and lays off employees
The tragic milestones are passing one by one for Fisker Automotive, and we fear that the end may be near. Last week, the Wall Street Journal reported that Fisker had hired restructuring lawyers to help it prepare for a possible bankruptcy filing. Now the company has laid off most of its remaining employees –… Read more »
Fisker furloughs workers
Its production line idle since July, and its search for a suitor seemingly in limbo, Fisker Automotive put its US workforce of about 200 employees on furlough this week to cut costs.
Fisker settles suit with insurance company – precursor to a sale?
The carmaker filed suit in December, after the insurer refused to cover the loss of 338 Karma sedans, worth about $33 million, that were destroyed in Superstorm Sandy.
China eliminates sales tax on EVs
The Chinese Ministry of Finance announced last week that sales of domestically manufactured EVs and fuel cell vehicles will be tax-free in 2012.