Henrik Fisker Leaves Fisker Automotive

By Zach McDonald · March 13, 2013

Henrik Fisker founded Fisker in 2007 but left today after "several major disagreements" with management.

Henrik Fisker resigned from Fisker Automotive today, citing “several major disagreements” with executive management over “business strategy.” Fisker’s resignation, effective immediately, comes as the carmaker he founded back in 2007 is engaged in negotiations with a pair of Chinese automakers to sell a controlling stake in the company in an effort to raise enough capital to build its second vehicle, the Atlantic, and resume production of the Fisker Karma.

“The Company recognizes and thanks Mr. Fisker for his service and many contributions,” the carmaker said today a statement to the press. “The Company has a strong and experienced management team and its strategy has not changed. Mr. Fisker's departure is not expected to impact the Company's pursuit of strategic partnerships and financing to support Fisker Automotive's continued progress as a pioneer of low-emission hybrid electric powertrain technology.”

Fisker’s departure is just the latest in a series of shake-ups aimed at delivering the company from a period that has seen its operations and vehicle development stalled by setbacks ranging from the Department of Energy’s decision to freeze the remainder of a $528.7 billion loan, to the bankruptcy of its battery supplier, A123.

Fisker stepped down as CEO of the carmaker in 2012 to take on the role of executive chairman, which saw him acting as a brand ambassador and retaining involvement the design of future vehicles. He was replaced by former Chrysler CEO Tom LaSorda, who acted on an interim basis before being supplanted by former GM electric vehicle director Tony Posawatz.

Recently, Reuters reported that Fisker Automotive had received bids of between $200-$300 million from Chinese carmakers Geely Holding Group and Dongfeng Motor Group. Posawatz told Automotive News this morning that Fisker is “in the midst of some serious negotiating” regarding the bids.

Four years ago, Mr. Fisker, Shai Agassi and Elon Musk stood as a trio of charismatic visionaries who were successful in raising billions of dollars in capital for their respective electric vehicle startups. Today, only Musk remains at the head of the company he helped build alongside Martin Eberhard.

About the author

Zach McDonald is a writer from New York City. He has been covering alternative fuel vehicles, politics and energy policy for HybridCars.com and PluginCars.com since moving to Oakland five years ago. His first car was a late '80s Chevy Caprice Classic and he looks forward to his next being a plug-in—preferably with a working radio.

Full bio · 343 posts

Comments

· Bill Howland · 9 weeks ago

Yeah Zach things aren't looking too well in portions of the battery electric car field as of late... Another battery maker is under fire for wasting millions of dollars of work time. They haven't made a single battery, and employees watch TV and Movies to earn their paychecks. As the song says, "Nice Work if you can Get It".

· SraM · 9 weeks ago

Hi,

$500 million loan maybe? I hope so!

All Discussions

Wireless Electric Vehicle Charging Moves Forward, In Long Beach Buses

Article · 16 comments

Alysha Webb says:
The battle cry to “plug in” your car might need to be adjusted, because wireless charging of electric vehicles is...

Survey: To Be Satisfied, Electric Car Drivers Want 150 Miles of Range

Article · 18 comments

Brad Berman says:
As we’ve seen from past surveys, EV owners drive their cars an average of nearly 29 miles per day—well below the range...

Volvo Demos Second Generation C30 Electric, Keeps Quiet On EV Plans

Volvo C30 Electric Article · 1 comment

Nikki Gordon-Bl... says:
Swedish automaker Volvo wants the world to know it has big plans to produce a zero emissions fleet by 2020. But while...

Colorado Extends $6,000 Plug-in Vehicle Credit Through 2021

Article · 3 comments

Zach McDonald says:
Colorado Governor John Hickenlooper Wednesday signed into law a pair of bills relating to plug-in and other alternative...

Exclusive: Chevrolet Volt Chief Engineer Explains Volt Drivetrain, Says "Volt is an Electric Vehicle"

Chevy Volt Blog Post · 36 comments

Nick Chambers says:
What is it about the Chevy Volt that seems to elicit such heated discussion? After the last couple days' worth of...

Tesla Leads Because It Outsmarts the Competition

Tesla Model S Article · 19 comments

Laurent J. Masson says:
Consumers expect convenience and ease of use. Lengthy charging times are a no-go. And when it comes to EVs, that makes...

LEAF Hits 25,000 Sales, What It Needs To Pass 50,000

Article · comments

Nikki Gordon-Bl... says:
While Nissan sales figures are as more than 400 percent higher than last year, the Japanese automaker is facing tough...

Nissan Renews Hope for Dramatic Increase of EV Rapid Chargers

Nissan LEAF Article · 12 comments

Nikki Gordon-Bl... says:
Nissan wants to see 600 electric car rapid chargers throughout the United States by the end of March 2014. The rapid...

Panamera S E-Hybrid: A True Plug-in and a True Porsche

Article · 2 comments

Laurent J. Masson says:
It's usually easy to tell if a car is a plug-in: there's no exhaust pipe. But the Porsche Panamera S e-hybrid is no...

Automakers Consider Polygons on Map to Show Electric Car Range

Article · 4 comments

Alysha Webb says:
Rather than having to program in your destination, EOLAS-EV displays different colored polygons overlaid on a map. They...