Browsing the "investors" Tag

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Fisker Furloughs Workers, Hires Bankruptcy Lawyers

The vultures are circling the headquarters of Fisker Automotive, and the clock is ticking as the signs of an inevitable bankruptcy continue to pile up. Fisker has put its more than 200 employees on furlough earlier this week, and with Chinese investors backing out, management has reportedly hired lawyers to begin bankruptcy proceedings. This is the end, my friend.

March 29th

Fisker Seeking Chinese Savior By Next Month

Sometimes it feels like we are picking on Fisker, because for the past year it has been one bad, sad news story after another. But it is hard to deny that Fisker faces a grim outlook unless they can get a much-needed injection of cash. This means the U.S. based automaker, which builds and ships cars over from Finland, has gone to China in search of funding…and they may have found it.

January 29th