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FISKER SAID TO BE CONSIDERING BANKRUPTCY | UTSanDiego.com Mobile

BLOOMBERG NEWS 12:01a.m. Mar 29, 2013, updated 04:36p.m. Mar 28, 2013

Fisker Automotive, the U.S.-backed maker of luxury plug-in hybrid sports cars, has hired law firm Kirkland & Ellis to advise it on a possible bankruptcy filing, a source said Thursday, while executives continue their search for a strategic investor. The source declined to be named because the matter is not public.

Its efforts to find an investor in China also stalled and the Anaheim-based firm furloughed more than 200 employees for a week to conserve cash. A Fisker spokesman declined to comment.

Fisker, which makes the $100,000-plus Karma plug-in hybrid, has not produced a car since July and is seeking a financial backer to help finish the development of a second plug-in hybrid, the Atlantic, and produce it at a Delaware plant.

More http://m.utsandiego.com/news/2013/mar/29/tp-fisker-said-to-be-considering-bankruptcy/

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