Stick a fork in the Fisker boondoggle, despite its quarter-billion-dollars in public gift-money. Per Automotive News, here’s what underlies today’s termination of the entire productive labor force at Fisker:
The embattled automaker has retained crisis communications firm Sitrick and Co., based in Los Angeles. Sitrick issued today’s statement on behalf of Fisker.
Reuters reported last week that Fisker also had retained the law firm Kirkland and Ellis to prepare for a possible bankruptcy filing. Earlier in March, company founder Henrik Fisker resigned citing “several major disagreements with management” over the company’s business strategy.
Fisker has built about 1,800 units of its $100,000 Karma plug-in hybrid, but none since battery maker A123 Systems declared bankruptcy last summer, leaving Fisker without a battery supplier.
Meanwhile, the nation’s (pathetic) public transit systems continue shrinking while in budget-crisis mode, as TPTB push for still more public “research” into this stillborn century-old “EV” pipedream.
What a huge cancel-fuck: Just as physics won’t permit a car that isn’t wildly unsustainable, so corporate capitalism won’t permit anything but more efforts to cancel that uncancelable reality.