Fisker Lays Off Its Workforce for a Week
Posted: March 28, 2013 at 2:19 am
Struggling hybrid vehicle maker Fisker Automotive Inc. has put all 200-plus of its U.S. employees on unpaid leave for a week. The California-based company says the move will help it manage costs based on “current activity levels.”
Fisker reportedly hasn’t made a car since it suspended contract assembly in Finland of its $107,900 Karma sport sedan last summer. Work on retooling a Delaware assembly plant and developing the $50,000 Atlantic hybrid sedan has been halted since February 2012.
The company has been trying since then to raise capital to restart operations. But last week Fisker’s two leading suitors, China’s Dongfeng Motor and Zhejiang Geely, abandoned their competing bids for a majority stake in Fisker.
Founder Henrik Fisker resigned as executive chairman and left the company earlier this month over what he described as “major disagreements” with Fisker’s top executives about the company’s business strategy.
The cash-strapped company needs to make an unspecified payment in April on its $192 million loan from the U.S. Dept. of Energy.
The Tesla Model 3 is certainly one of the most controversial cars to be launched in some time, with production models (a comparative handful, admittedly) presented on a stage with a throng of people treating it like it was an event with Beyoncé, Taylor Swift and Ed Sheeran, all at the same time.
A young(ish) guy that I’ve known for a number of years, a man who spent the better part of his career writing for auto buff books and who is a car racer on the side, mentioned to me that his wife has a used Lexus ES Hybrid.
Dan Nicholson is vice president of General Motors Global Propulsion Systems, the organization that had been “GM Powertrain” for 24 years.