Fisker Automotive, after its major issues in 2012 and its inability to manufacture a car since July last year, has opted to put its US workforce on furlough this week. The move is designed to keep overhead costs low while it searches for a strategic partner for its continued operations.
According to statement from Fisker, "This is a common practice, particularly in the automotive industry, to manage costs and operations based on current activity levels and commercial requirements." The company currently has over 200 employees in the United States.
The move comes before the financially beleaguered company is facing a loan payment due this month to the Department of Energy. Fisker spokesman Roger Ormisher declined to provide details as to the loan amount payable this April.
The automaker though has confirmed that it is seeking an investor to complete its second vehicle after the Karma, named the Atlantic plug in hybrid. Its efforts though in China have stalled recently.
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