A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Fisker Automotive has sights on smoother roads ahead

The CEO of automaker Fisker Automotive Inc. says he would like to take the company public and that the Anaheim, Calif.-based automaker is looking at new strategic partnerships as it tries to move past a series of product and financial mishaps.

Tony Posawatz, who is the third CEO this year for Fisker, said he has had discussions with “other strategic partners” as the five-year-old company prepares to develop a more affordable plug-in hybrid sedan.

“We do not deny there have been mishaps along the way,” Posawatz said Monday following an Automotive Press Association event in Detroit. “But people are recognizing the improvements of the product.

Issues with Karma, Fisker’s $103,000 luxury plug-in hybrid, have plagued the automaker. There have been several recalls of the vehicle for potential fire-related issues. And earlier this year the company had an Energy Department Loan frozen after failing to meet loan benchmarks.

Fisker in 2010 won a $529 million Energy Department loan. It employs 16 employees at its Wilmington, Del., More


Leave a Reply