Last month, Henrik Fisker stepped down from the Fisker Automotive Inc. Disagreements with management was the reason cited for his departure. Now Fisker Automotive will be cutting a large number of their workforce. The number of people that will be laid off is approximately 160 out of the 200 total people that they employ. This means that Fisker Automotive will have only 25% of their current workforce to work with.
To prevent the job cuts from happening, the company was considering a strategic alliance or partnership. That did not happen. In terms of sales, Fisker sold only 2,500 electric vehicles so far. Making matters worse, 338 Fisker Karma vehicles were destroyed by Hurricane Sandy earlier this year.
Based in Anaheim, California, Fisker Automotive debuted at the 2008 North American International Auto Show. The company intended to start selling the Fisker Karma in 2009, but was hit with repeated delays. The EPA certified the Karma’s vehicle emissions and drive range in October 2011. The company stopped production in the summer of 2012 and sought new investment. Their battery supplier A123 Systems went bankrupt shortly after. Last month Fisker hired a law firm to prepare for a possible bankruptcy filing.