4/06/2013

Fisker: Another government investment is about to go bankrupt after a half-billion-dollar federal loan

It has been clear for well over a year that Fisker was having trouble.  From Fox News:
Fisker Automotive -- the electric-car maker that was granted a half-billion-dollar federal loan and on Friday dismissed about 75 percent of its remaining workforce -- is purportedly facing a lawsuit from the same firm that sued the government-funded Solyndra company. . . . 
Employees told the publication they were give no severance pay besides compensation for unused vacation days. . . .  
A source told the news agency that Fisker will retain about 53 senior managers and executives to primarily help sell off company assets. 
Fisker has received $193 million of a $529 million Energy Department loan, mostly for work on its luxury Karma vehicle that sells for about $100,000. The deadline to repay the loan is purportedly in late April. . . .

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2 Comments:

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