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. . . .
Labels: electric cars, Environment, fiskerauto, Solyndra
posted by John Lott at 6:15 PM
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