Plug-in hybrid firm Fisker suspends factory work and lays off staff

Thu Feb 9 2012, 09:29 AM

Fisker Automotive is suspending work on its manufacturing plant in Delaware and is laying off around 40 employees, according to Reuters sources. The Californian plug-in hybrid electric vehicle (PHEV) developer is renegotiating the terms of its USD529m loan from the US Department of Energy, which blocked access to the funds earlier this week citing unmet milestones.

Upgrade Required

To access this content and our full archive of articles, you are required to be a subscriber.

We offer a range of subscription options. Complete the form to request one of our packages.

Production information >>
Already a subscriber? Login >>

Upgrade or Request a Trial