Report: Fisker hires lawyers to structure a possible bankruptcy

March 31st, 2013 by Road Test TV

Fisker Karma

According to two sources that spoke with the Wall Street Journal, Fisker has hired lawyers from Kirkland & Ellis to structure a possible bankruptcy filing.

The sources said that Fisker is exploring bankruptcy as it looks for potential partners. Fisker is talking to Donfeng and Geely for a possible partnership but reports suggest that talks have already broken down.

Fisker declined to comment on the report. The company is on its way to make a loan payment to the U.S. Department of Energy on April 22.

Henrik Fisker recently resigned from the board after ‘several major disagreement’ with management.

Source: Reuters

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