Fisker Automotive Inc., the electric-car maker that missed its first payment on a U.S. loan this week, sought taxpayer financing at the urging of President George W. Bush’s administration, its co-founder said.
Fisker Automotive Inc. spent more than six times as much U.S. taxpayer and investor money to produce each luxury plug-in car it sold than the company received from customers, according to a research report.
Fisker Automotive Inc., a maker of luxury plug-in cars that’s seeking investors to fund operations, lost a potential automotive partner and furloughed employees for a week to save cash. Fisker also retained restructuring lawyers, according to a person familiar with the matter.
Fisker Automotive Inc., the maker of plug-in luxury sports cars, named an industry veteran its new chief executive officer and said it may turn to private investors to restart a stalled Delaware plant project.
Fisker Automotive Inc., a California maker of plug-in hybrid sports cars, wants to put scrutiny of a federal loan to build rechargeable vehicles behind it as the company ramps up U.S. deliveries of $102,000 Karma sedans.