Orange County Business Journal

Fisker Cuts Workforce

Kari Hamanaka Tuesday, December 11, 2012

Anaheim-based luxury hybrid automaker Fisker Automotive Inc. reportedly has cut about half its workforce during the past year.

A Fisker spokesperson couldn’t be reached for immediate comment.

The cuts—attributed to stalled production of Fisker's planned second model, the Atlantic—include about 40 layoffs at Fisker’s headquarters in Anaheim headquarters during the past few weeks, the Orange County Register reported Tuesday.

Production of Fisker’s only model in production, the Karma, was halted recently. The move came amid a shortage of batteries from Fisker’s Massachusetts-based supplier, A123 Systems Inc., which is in bankruptcy reorganization.

The battery supplier recently was sold to China-based Wanxiang Group’s Wanxiang America Corp. of Chicago for $256.6 million pending bankruptcy court and government approvals.

Fisker has hired investment bank Evercore Partners Inc. to help identify potential partners or investors in the automaker.