The sun may be setting on Fisker Automotive
The once promising green-car company may be closing its doors for good

Fisker Automotive will most likely file for bankruptcy protection this week as pressure from the U.S. Department of Energy to pay back nearly $200 million in government loans heats up.

Fisker laid off 75 percent of its U.S. workforce last week and Rueters reports that a $10 million loan payment to the DoE on April 22.

Fisker has talked to a few manufacturers for a sale to bail them out of this mess, but none of the prospective buyers has been willing to assume the terms of the DOE loans. Fisker hasn't built any vehicles since last summer, and there have been no reported new sales of the $100,000 hybrid vehicles since then.

"The DoE appears to be pushing a Chapter 11 filing soon by Fisker, several sources close to the company told Reuters on Monday. Fisker's attorneys have drawn up bankruptcy documents and are ready to file in the next few days, Reuters reported.

Fisker's board of directors will discuss its options at a meeting today, one of the sources said. Directors, who have not given up on a possible sale, are expected to make a decision on the timing of a possible Chapter 11 bankruptcy filing at that time, one source said."

The green car maker has retained law firm Kirkland & Ellis to advise on a possible bankruptcy filing.

Source [Automotive news]

 

Never saw what was promissing about fisker.... But ok...

 

Well it sure was a sexy design inmo, and It would have been great to see them survive, but for now it looks like tesla is your only choice for a high-end luxury electric vehicle (at least here in the states).

 

It would be nice to see this model exist with a conventional internal combustion engine. Like it was said earlier, the design was great. The execution was terrible and a waste of taxpayer money.

 

Someone was putting a zr1 ls9 into one.

 

It was a great car in theory but pathetic fuel economy for a "hybrid" and the fires pretty much killed it. Might as well buy a E63 and save money!

 

Hey i know why, too.

 

And Musk even said this would be a diffiult year. Paraphrasing here but he did say that we will know if Tesla exists this year.

 

what will happen to all these karma on the road? guess they will die out as paper weights when battery and electronics fail?

 

Hi,

hahaa at the name of that youtube bideo.

Cheers,
Nik