Fisker Layoffs Only 'Bump in the Road'

Layoffs at future Wilmington, Delaware plant will not impact production of Karma electric hybrid, company states.

Published: 13-Feb-2012

Fisker Automotive Inc. said it stopped work and laid off 26 employees at its factory in Delaware. The company has been in the process of re-commissioning the former General Motors plant, where it plans to build plug-in hybrid family sedans.

The moves are the result of negotiations with the Department of Energy over the terms of certain loans. Fisker said it is trying to renegotiate federal loan guarantees totaling $529 million, after it missed certain milestones required under the loans’ original rules.

“This is a bump in the road,” said Fisker spokesman Roger Ormisher, noting that launching a new car company is exceedingly difficult, and missing the occasional deadline or sales target is expected. “Obviously we have had delays and I think we have been very open about that,” he said.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

Fisker will begin deliveries Spring 2011.

British publication gets chance to take pre-production prototype for test drive.

Fisker Karma to go on sale March 21, 2011.

Jason Mick provides brief on plug-in hybrid maker Fisker.

Fisker plans to start deliveries in April 2011.

The California-based automaker expects to deliver 7,000 Fisker Karma sedans in 2011.

READER COMMENTS

blog comments powered by Disqus