Fisker hires turnaround firm: Orange County Register

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Multiple published reports indicate Fisker  Automotive   hired  Huron Consulting Group to conserve cash while the company seeks more investors and/or a buyer.

Fisker was to build the Fisker Atlantic mid-sized plug-in hybrid, the Fisker Atlantic at the former General Motors plant near Wilmington.

However, the U.S. Department of Energy suspended a loan that would have converted the plant to automotive production after the company did not meet financial goals.

More recently, the company’s battery supplier, A123 Systems went into Chapter 11 bankruptcy proceedings. The company  was bought by a Chinese company.  Meanwhile, production of batteries has stopped as has production of Fisker’s only car line, the luxury Karma.

Click on the link below for the story from the Orange County Register

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via Fisker hires turnaround firm to run company | fisker, karma, company – Business – The Orange County Register.

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