Reports: Fisker CEO Quits; Company Offered Buy Out For Tiny Fraction Of Former Value

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Incorrect please try again Enter the words above: Enter the numbers you hear: <input type="text" id="recaptcha_response_field" name="recaptcha_response_field">/></input> Get another CAPTCHA Get an audio CAPTCHA Get an image CAPTCHA Help <noscript>> <iframe src="http://www.google.com/recaptcha/api/noscript?k=6LfgCdISAAAAAL_mqgN9HqBXvemN51OHyCJX6seY" height="300" width="500" frameborder="0">>[embedded content]</iframe> <input type="hidden" name="recaptcha_response_field" value="manual_challenge">/></input></p><br /></noscript></noscript></td><br /></tr></tbody></table> <input type="image" id="email_sendbutton" src="http://www.hybridcars.com/wp-content/plugins/vs-email-a-friend/images/button-send-email.gif" title="Send" class="submit">/></input><input type="image" value="cancel" title="Cancel" src="http://www.hybridcars.com/wp-content/plugins/vs-email-a-friend/images/button-cancel.gif" class="submit" onclick="$('div#send_to_friend_box').hide();return false;">/></input> <br /></form></form><br /> <br /> <br /><h1 itemprop="headline">Reports: Fisker CEO Quits; Company Offered Buy Out For Tiny Fraction Of Former Value</h1><br /> <br /> <span itemprop="author"> Jeff Cobb</a></span> <span>August 26, 2013</span> <br /> <br /><ul><li><br /> <br /></li><br /><li> Tweet</a></li><br /><li class="c5"/><br /><li><br /> <br /></li><br /></ul><ul><li> Email</a></li><br /><li> Print</a></li><br /></ul><ul><li> Go Back</a></li><br /><li> Print this page</a></li><br /></ul> <br /> <br /><h1>Photo Gallery</h1><br />Sorry there are no photos!<br/> Hide</a> <br /> <br /> <img width="668" src="http://www.hybridcars.com/wp-content/uploads/2013/08/sun_sets_on_Fisker.jpg" /> <br /><p>Fisker Automotive, which has not produced a car since last year, laid off most of its staff</a> in April, reportedly saw its CEO Tony Posawatz step down this month as it also contemplates a fire-sale offer of $25 million from a German company.</p><br /><p>We do not know if the two events are related nor have we received confirmation on this news posted by another publication. Although Fisker installed a new Web site with media inquiry e-mail and contact info, it has never replied to any request for info from us, even when we offered assurance we could be trusted to keep things off the record if requested.</p><br /><p>In any event, Jalopnik</a> – which doesn’t appear to be receiving replies from Fisker either – reported Aug. 23 that an anonymous tipster told it that Posawatz left over money issues and COO, Bernhard Kohler is the new CEO.</p><br /><p>Posawatz came on board in mid August 2012</a> after leaving a long career at Chevrolet, and as the former vehicle line director for the Volt.</p><br /><p>Now one year later, he’s gone, and the company has for a while now been but a shell of what it once was from the days when it produced more than 1,500 Karmas and burned through $1.4 billion, including $193 million in taxpayer dollars.</p><br /><p>And perhaps for that reason, an opportunistic offer by Fritz AG Noi for $25 million was made, this news also coming from Jalopnik</a>. The proposal includes cessation of Fisker’s production deal in Finland and calls for production in the U.S.</p><br /><p>The German company that made the offer is headed by Hamburg lawyer Ingo Voigt, and Jalopnik notes that German publication Autobild.de</a> says Fritz AG Noi wants to build 2,500 more Karmas and then introduce the Karma-based Sunset and Surf versions.</p><br /><p>Word has it also this would take approval of the U.S. Department of Energy which is owed more than $171 million by Fisker.</p><br /> <br /><br/> Posted in News</a><br/><br />Tagged as Fisker Automotive</a>, Fisker Tony Posawatz</a>, Posawatz</a> <br /> <br /> <br /><h2><strong>Related Readings</strong></h2><br /><section><article itemtype="http://schema.org/Review" itemscope=""> <img data-original="http://www.hybridcars.com/wp-content/uploads/2013/03/Karma_on_sunnier_day.jpg" src="http://www.hybridcars.com/wp-content/themes/hybridcars_com/images/spacer.gif" class="photo c7" border="0" alt="Fisker Evaluating Possibilty of Declaring Bankruptcy" width="75" height="46" /></a> <br /> <br /><h3 itemprop="headline"> Fisker Evaluating Possibilty of Declaring Bankruptcy</a></h3><br /><span itemprop="description">This week Fisker Automotive, the California-based maker of the Karma hired restructuring lawyers at Kirkland &</span> <br /></article><article itemtype="http://schema.org/Review" itemscope=""> <img data-original="http://www.hybridcars.com/wp-content/uploads/2013/04/Fisker_946_1_1.jpg" src="http://www.hybridcars.com/wp-content/themes/hybridcars_com/images/spacer.gif" class="photo c7" border="0" alt="Fisker Furloughs 160 More Employees" width="75" height="46" /></a> <br /> <br /><h3 itemprop="headline"> Fisker Furloughs 160 More Employees</a></h3><br /><span itemprop="description">This morning at 8 am Pacific time, Fisker Automotive laid off an additional 160 of its employees. This report comes</span> <br /></article><article itemtype="http://schema.org/Review" itemscope=""> <img data-original="http://www.hybridcars.com/wp-content/uploads/2013/04/sun_sets_on_Fisker1.jpg" src="http://www.hybridcars.com/wp-content/themes/hybridcars_com/images/spacer.gif" class="photo c7" border="0" alt="Crushing Pressures Increase For Fisker" width="75" height="46" /></a> <br /> <br /><h3 itemprop="headline"> Crushing Pressures Increase For Fisker</a></h3><br /><span itemprop="description">Eyes are on Fisker Automotive as the threat of its bankruptcy looms, financial obligations are not met, and no</span> <br /></article></section> <br /> <br /> <br /><aside> <br /> <br /><section><h1>RECEIVE UPDATES ON THE BEST OF HYBRIDCARS.COM</h1><br /><form action="http://blast.verticalscope.com/newsletter/newsletter-register.php" method="post">><br /><p><input type="hidden" name="task" value="saveNew">/></input><input type="hidden" name="categoryChosen" value="260">/></input><input 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src='https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sQ5OTQXZ8H6-tOzVJy7sMnwgcj8-YLz4c_1jnhKSfshHJGg1sbHah-nVA1nDLE3zC4cVf_Rd3KXJmWAuKWoC3VPCX0ARHAfY6UJ5QeVnMVtjx2hpvp1jq2TgwxgeTgsW3DZMgJ_JT37pAFLMj9s-4dwDkWPw=w72-h72-p-k-no-nu'/> </a> </div> <div class='item-title'><a href='https://eusedcarvalues.blogspot.com/2013/04/obamas-2014-budget-proposes-big.html'>Obama’s 2014 Budget Proposes Big Increases For Alternative Vehicles</a></div> <div class='item-snippet'>Email a Friend <form onsubmit="$('#email_sendbutton').attr('disabled','disabled');" name="form1_se...</div> </div> <div style='clear: both;'></div> </li> <li> <div class='item-content'> <div class='item-thumbnail'> <a href='https://eusedcarvalues.blogspot.com/2013/06/klds-onedrive-system-is-gaining-traction.html' target='_blank'> <img alt='' border='0' 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class='item-title'><a href='https://eusedcarvalues.blogspot.com/2013/05/volvo-p1800-s-coupe.html'>Volvo P1800 S Coupe</a></div> <div class='item-snippet'>S4 / 1.782 cc / 98 PS / 103 ft/lb (140 Nm) @ 3.800 / 0 - 62 mph (100 km/h): 11,9 s / Vmax: 107 mph (172 km/h) / for sale (38.500 CHF with sw...</div> </div> <div style='clear: both;'></div> </li> <li> <div class='item-content'> <div class='item-thumbnail'> <a href='https://eusedcarvalues.blogspot.com/2012/08/rolls-royce-camargue.html' target='_blank'> <img alt='' border='0' src='https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sk5SfbcSpyeGdAP9-Gp0e6q4G0JVfJktDt6fRvjoitCZdOddS3CpcSu2xB9YWlIefe6N-OdZPXMbyoTpua7Dd9f0-ZOzshFZ9QQVYWLjWs-EA_G-F4EYcU-sp-4Q=w72-h72-p-k-no-nu'/> </a> </div> <div class='item-title'><a href='https://eusedcarvalues.blogspot.com/2012/08/rolls-royce-camargue.html'>Rolls-Royce Camargue</a></div> <div class='item-snippet'>V8 / 6.750 cc / 0 - 62 mph (100 km/h): 10,9 s / Vmax: 119 mph (192 km/h) (click images for a larger view) <iframe allo...</div> </div> <div style='clear: both;'></div> </li> <li> <div class='item-content'> <div class='item-thumbnail'> <a href='https://eusedcarvalues.blogspot.com/2013/06/aston-martin-one-77.html' target='_blank'> <img alt='' border='0' src='https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uDoQ6cejD8vc6ns0zxKpc5xn2Z7-zdHgRQS30zDHvFIOjrZ0OW3veQGucspk4PUlIT1iqWVSPvNMRMVbvIo6UqvwzsgO7Se-4Nlko0LfJXwJdtiq_tiCVenxqZlcJxSAE=w72-h72-p-k-no-nu'/> </a> </div> <div class='item-title'><a href='https://eusedcarvalues.blogspot.com/2013/06/aston-martin-one-77.html'>Aston Martin One-77</a></div> <div class='item-snippet'>V12 / 7.300 cc / 760 PS / 553 lb/ft (750 Nm) @ 5.000 / 62 mph (0 - 100 km/h): 3,0 s / Vmax: 220 mph (355 km/h) / Limited edition (77 cars) (...</div> </div> <div style='clear: both;'></div> </li> <li> <div class='item-content'> <div class='item-thumbnail'> <a 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My favourite ones: 5/4, 6/6 and 7/2 ... basicly I like all of them except black/grey/silver/whi...</div> </div> <div style='clear: both;'></div> </li> <li> <div class='item-content'> <div class='item-thumbnail'> <a href='https://eusedcarvalues.blogspot.com/2013/02/nine-speed-automatic-transmission.html' target='_blank'> <img alt='' border='0' src='https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vMIZxDNK1nabeDWAo4MvnSxyswQE1JQRY2tIarT5_i4VtRDq5QcuRsIP6ULmknjmmkLshT_e4GJRSJJUYPOd-RscNQ3Ejm2svmNii6vIRpgjA6f84RvgG2oG93Mn0tRsBHQu__5hfGgAEmAAJ1g3xrVr-CtYQ=w72-h72-p-k-no-nu'/> </a> </div> <div class='item-title'><a href='https://eusedcarvalues.blogspot.com/2013/02/nine-speed-automatic-transmission.html'>Nine Speed Automatic Transmission Coming To Evoque</a></div> <div class='item-snippet'>Email a Friend <form onsubmit="$('#email_sendbutton').attr('disabled','disabled');" name="form1_se...</div> </div> <div style='clear: both;'></div> </li> <li> <div class='item-content'> <div class='item-thumbnail'> <a href='https://eusedcarvalues.blogspot.com/2013/04/2013-volkswagen-jetta-hybrid-review.html' target='_blank'> <img alt='' border='0' src='https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vjQ3dC5Xnd1QTW48xEKXLIMM9NUqtlJC4jRxjczb7-V-wi-c3b2y5yxoC_KWt_UtsO3XykN8NTVPWVMHLL0DQsxLbxAwUfVEqc2QAt3ZPYmdEw6tM9BBySRGuaSayO75gZfeowqYHknNQzHmP2mz-b6MWq=w72-h72-p-k-no-nu'/> </a> </div> <div class='item-title'><a href='https://eusedcarvalues.blogspot.com/2013/04/2013-volkswagen-jetta-hybrid-review.html'>2013 Volkswagen Jetta Hybrid Review – Video</a></div> <div class='item-snippet'>Email a Friend <form onsubmit="$('#email_sendbutton').attr('disabled','disabled');" name="form1_se...</div> </div> <div style='clear: both;'></div> </li> <li> <div class='item-content'> <div class='item-thumbnail'> <a href='https://eusedcarvalues.blogspot.com/2012/04/basf-strengthens-its-position-in.html' target='_blank'> <img alt='' border='0' src='https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tuC6chH7imHxEcI4WadDIEMGpymbHOH1LP1MSDEXmfKI4oXxVv82iFyrZ4PBbldRZdZ1nm3ZatnxFCKpEajl7R9vpxQKbe7Jm0C9KJf4k7J0U=w72-h72-p-k-no-nu'/> </a> </div> <div class='item-title'><a href='https://eusedcarvalues.blogspot.com/2012/04/basf-strengthens-its-position-in.html'>BASF Strengthens Its Position In Battery Manufacturing</a></div> <div class='item-snippet'>Published April 26, 2012 By Philippe Crowe Lithium ions embedded in a metal oxide crystal framework. (Magnification: 2,200:1). BASF clearl...</div> </div> <div style='clear: both;'></div> </li> <li> <div class='item-content'> <div class='item-thumbnail'> <a href='https://eusedcarvalues.blogspot.com/2012/05/jaguar-mk-x-prostreet.html' target='_blank'> <img alt='' border='0' src='https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sOBbEo0OweJnMhEFrCTVLocsJdrasZDYAQm-hVQdTvxS6H2hl69uJxue_mX946jDyD7S04bOjU475_bzvb3EB9abeRysDFWEy24Ba1zjaISSlHuh3PXXlKV4ATUhU_M3UfLBg=w72-h72-p-k-no-nu'/> </a> </div> <div class='item-title'><a href='https://eusedcarvalues.blogspot.com/2012/05/jaguar-mk-x-prostreet.html'>Jaguar Mk X ProStreet</a></div> <div class='item-snippet'>No technical specification available (click images for a larger view) <iframe allowtransparency="true" frameborder="...</div> </div> <div style='clear: both;'></div> </li> </ul> <div class='clear'></div> </div> </div></div> </div> <div class='tabs-widget-content tabs-widget-content-widget-themater_tabs-1432447472-id' 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