Fisker Halts Project Nina Development, Lays Off US Workers
Fisker Automotive has halted development of future electric cars, and laid off at least 66 employees here in the US. Twenty-six of Fisker's Delaware employees and 40 contractors in California were laid off in an attempt to conserve cash as the automaker seeks to renegotiate the terms of its Department of Energy (DOE) loans.
Company executives insist that design, engineering, development and testing of its second vehicle—a mid-size plug-in hybrid referred to as Project Nina—is nearly complete and that production will begin in mid-2013.
"We hope we can reach a resolution soon," Roger Ormisher, a Fisker spokesman, said on Monday.
Meanwhile, the automaker was forced to lay off workers at its former General Motors facility in Wilmington, Delaware. "We are frustrated that Fisker and the DOE have been unable to come to terms on revisions to their loan agreement in time to avoid this," announced Brian Selander, a spokesman for Delaware Governor Jack Markell.
Fisker was expected to receive a $529 million loan from the DOE. The company has been plagued by missed deadlines and other technical problems. Fisker Automotive so far has been awarded $193 million, from the allocated DOE funds.
Delaware economic development director Alan Levin believes that Fisker and the DOE are close to signing an agreement that will get the automaker back in action. "We knew that this was always a possibility," Levin stated of the layoffs. "What they're trying to do is conserve cash."
A DOE spokesman did not respond to inquiries by the Associated Press.
New to EVs? Start here
Electric Cars Pros and Cons
EVs are a great solution for most people. But not everybody.
Seven Things To Know About Buying a Plug-In Car
A few simple tips before you visit the dealership.
Federal and Local Incentives for Plug-in Hybrids and Electric Cars
Take advantage of credits and rebates to reduce EV costs.
Guide to Buying First Home EV Charger
You'll want a home charger. Here's how to buy the right one.
The Ultimate Guide to Electric Car Charging Networks
If you plan to charge in public, you'll want to sign up for charging network membership (or two).
Comprehensive Electric Vehicle Charging Guide for Businesses
How do you ensure that electric car owners will be happy with every visit to your charging spot?
How to Use the PlugShare EV Charging Station Tool
Locate EV charging stations and optimize their use with a powerful mobile app.
Guide to Quick Charging of Electric Cars
Add 50 to 60 miles of range in about 20 minutes. Here's how.
Calculating the Real Price of EV Public Charging
Compare the cost of charging on the road to what you pay at home.
Eight Rules of Electric Vehicle Charging Etiquette
Thou shalt charge only when necessary. And other rules to live by.