Friday, April 5, 2013

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, California, headquarters this morning, apparently decimating its workforce, according to a report by Reuters. The move seems to spell the end for the electric vehicle start-up.


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


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