Topic: Dongfeng Motor Corporation
Fisker Automotive will lay off most of its staff, according to various media reports. Fisker faces an April 22 deadline for its next payment to the U.S. Department of Energy, but the company has virtually no income from ongoing operations because it hasn't built a single Karma electric car since last summer.
Program draws on $705 million set aside in an economic stimulus package earlier this year but leaves many financing details up to the next government.
08/19/2009 01:00 am