Fisker Automotive has placed its workforce on furlough to preserve cash, according to a statement released by the company on Wednesday.
Reportedly both the Geely Group and the Dongfeng Motor Corp. have now pulled out of bidding for Fisker Automotive, further complicating that company's efforts to rescue the company.
While we were focused on Henrik Fisker's departure from Fisker Automotive, the company's senior executives still had another task in hand, the deadline set by CEO Tony Posawatz to either get more i
On Wednesday, Henrik Fisker suddenly resigned his posts with Fisker Automotive, the plug-in hybrid luxury car manufacturer he co-founded in 2007.
Fisker Automotives has already delivered a stunning plug-in hybrid and considering it a first generation vehicle, it strikes a very high introduction note.
The only information on the official resignation of Henrik Fisker is a very brief statement sent from Mr. Fisker to the British news site Autocar. The statement is as follows:
Fisker Automotive has reportedly opened bidding for a company to take over the struggling luxury plug-in hybrid electric automaker. Leading bidders appear to be Dongfeng Motor Corp.
Fisker Automotive is reportedly urgently seeking partners and has hired a turnaround company to conserve cash.
Fisker Automotives has had a hard time in 2012 and the latest news shows the company is still alive and kicking.
Since last weekend a handful of news outlets have reported that Fisker Automotive is seeking funding and strategic partnerships in China.
The VL Destino is a high performance luxury sedan that was designed by former GM CEO Bob Lutz and investor Gilbert Villereal, taking the interior and exterior design of the Fisker Karma electric lu
The bankruptcy proceedings for A123 Systems is causing headaches for the companies using their battery pack systems.
Fisker Automotive is continuing a trend of hiring former top executives from GM.
Fisker Automotive announced on Thursday plans to open a new Technical Center, probably in southern Michigan, to enable work on the Fisker Atlantic in preparation of manufacturing what will be the c