Ruh-roh! Looks like another government-backed ?green manufacturer? may be headed for bankruptcy. Fisker Automotive, a government loan recipient that produces electric/hybrid cars, has furloughed ?its employees just weeks after its founder resigned following a management fight. From CBS Los Angeles:
Anaheim-based Fisker?Automotive?Inc. has furloughed its employees two weeks after the company?s founder, Henrik Fisker, resigned as executive chairman during a management dispute.
The office has been closed since Friday, March 22, and will remain closed through Sunday, March 31.
The company is attempting to?cut costs?as it faces an April 22 deadline to make a payment on a loan from the U.S. government, according to the Wall Street Journal.
The car-maker stopped manufacturing its electric-gas?hybrids?last July and has faced recalls associated with its lithium-ion batteries, according to the Orange County Register.
The company, which once employed roughly 600 workers, says 220 workers will return to work on Monday.
Another government-backed green energy company is about to go under? Imagine that.
Fisker is about to end up like Solyndra, Satcon,?A123 Systems, and the other 30 or so Obama-backed ?green energy? failures. Who saw that coming? Oh, wait? everyone.
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Source: http://www.therightsphere.com/2013/03/government-loan-backed-fisker-automotive-furloughs-employees/
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