Fisker is a prestigious, all electric, supercar manufacturer. They produce a car they call the Karma, it is a four door sedan, and most people who can afford it are millionaires. Embarrassingly, they had a recall on their batteries a while back. It involved the car burning to a crisp while it was stationary in a parking lot. However the real issue is that Fisker has filed for bankruptcy and their hearing is scheduled for January 3 2014. Not due to their recall. This well known all electric supercar manufacturer and has lost millions of dollars. Due to Hurricane Sandy, Fisker lost 338 cars in a shipment to the United States and their insurance will not cover them. In addition, Fisker's steep decent began with a $529 million loan gifted by the commitment of the US Department of Energy. Furthermore, the DOE suspended funding in 2011 after Fisker drew $192 million on the Obama administration's green-energy loan. This is also after the fact that they failed to reach multiple sale checkpoints for its four door supercar.
They filed chapter 11 bankruptcy, which means they have a chance at reorganizing the company and will possibly get to build in an old General Motors building in Delaware. Although, there has already been a lawsuit filed from a former employee who did not get his 60 days notice of termination, along with 160 other former employees. This is a load of issues and dollars Fisker has to deal with now and it does not look good, for this once ground braking automotive manufacturer, but I would like to see them continue...
In light of everything going on, Fisker has cost taxpayers $139,000,000.
That means you and me.
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