Sunday, 7 April 2013

Green Car Maker Fisker Considering Bankruptcy, Taxpayer Loan at Risk

Electric car maker Fisker is a study in how a startup can quickly implode on itself – and likely take almost $ 200 Million in taxpayer money down the drain with it. The carmaker that was once touted for the promise of innovative green vehicles, now has so many woes it’s hard to know where to start chronicling them:

Last Friday the company terminated 160 employees, or 75% of its workforce, reports Reuters.
Fisker employees promptly filed a class action lawsuit the same day.

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