Fisker ready to pull the plug

Fisker ready to pull the plug:

Fisker had been selling its Karma model for over a year before today's news.
(Credit: Wayne Cunningham/CNET)
Fisker sent 160 of its employees home from its Anaheim, Calif., headquarters this morning, apparently decimating its workforce, according to a report by Reuters. The move seems to spell the end for the electric vehicle startup.
Reuter's report goes on to say that 53 executives remain on staff, tasked with selling the company's assets.
The company's sole product, the Karma, is a luxury plug-in hybrid with a base price of $103,000. The car uses an electric motor to power the rear wheels and includes an onboard gasoline engine to generate electricity, a drivetrain concept similar to that of the Chevrolet Volt.

Photos: Production Fisker Karma

1-2 of 13 Scroll Left Scroll Right

• ... [Read more]