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What happens with Fisker?
18 March 2013

What happens with Fisker?

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    Will the most exciting electric-hybrid car of the world be back very soon?

    The founder and executive chairman of hybrid car maker Fisker Automotive, Henrik Fisker, has resigned.

    Henrik Fisker had resigned because of “several major disagreements” with management on the company´s business strategies, as the company hired investment bankers to search for a partner to keep the company going. The company halted production last summer, and, in addition, its battery supplier, A123, went bankrupt, complicating efforts to restart production.

    Furthermore a half-billion dollar loan from the DOE was put on hold last year, after the company missed new-vehicle development deadlines.

    Last month China’s Zhejiang Geely emerged as the lead bidder for a deal with Fisker. Zhejiang Geely also owns Volvo.
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