Industry News

Henrik Fisker Quits Fisker

Founder resigns from the electric car company that bears his name.

HenrikFisker has resigned from Fisker Automotive effective immediately. In astatement sent to Autocar, the cofounder of the electric car company and formerchairman said: "Effectiveas of Wednesday 13 March 2013, Henrik Fisker has resigned from FiskerAutomotive as executive chairman, and has left the company. The main reasonsfor his resignation are several major disagreements that Henrik Fisker has withthe Fisker Automotive executive management on the business strategy."

These disagreements are not detailed, but the company that was formed to build luxury plug-in hybrids has been beset with problems surrounding its maiden model, the Fisker Karma: There have been funding disputes with the government, recalls for the Karma over fire concerns as well as the loss of several hundred units in Hurricane Sandy. On top of all that, it has been forced to cancel its second model, the Atlantic, and most recently has been unable to build a Karma since July after its battery supplier went belly-up and has been slow to find a new buyer.

The official statement continues: "Given the confidential nature of this matter, at this point in our process we can only confirm that the company has received detailed proposals from multiple parties in different continents which are now being evaluated by the company and its advisors." Reports of takeover talk surfaced last month, and the hot favorite to take the reins is China’s Geely.

Read Next

SEE MORE ARTICLES