Official: Henrik Fisker Resigns from Executive Chairman Role at Fisker Automotive

By Trevor Dorchies | March 13, 2013
After starting the company six years ago, Henrik Fisker resigned from Fisker Automotive today after being unable to coexist with upper management. According to an interview with Automotive News, Fisker left the company he started over disagreements with management concerning business strategy. When we reached out to Fisker for comment, it responded with the following statement: "Fisker Automotive announced today the resignation of its Executive Chairman, Henrik Fisker. The Company recognizes and thanks Mr. Fisker for his service and many contributions as Fisker Automotive has progressed from start-up to a fully-fledged global automotive company. Fisker Automotive is proud to have launched the world’s first extended-range luxury electric car, the award-winning Karma sedan. The Company has a strong and experienced management team and its strategy has not changed. Mr. Fisker’s departure is not expected to impact the Company’s pursuit of strategic partnerships and financing to support Fisker Automotive’s continued progress as a pioneer of low-emission hybrid electric powertrain technology." So that's that. Well, not really. Tony Posawatz, who assumed the role of president and CEO of Fisker back in August of last year told Automotive News that he just heard of Fisker's resignation this morning. Posawatz was vehicle line director for the Chevrolet Volt in a previous life, but saving Fisker as a whole is an even taller order than anything he's faced before. Earlier reports pointed to a Chinese holding group and parent company of Volvo currently, Zhejiang Geely, as a possible savior for the hybrid automaker. When pressed, Posawatz told Automotive News that the automaker is currently "in the midst of some serious negotiating." Fisker had been poised to launch its second vehicle, the Atlantic, but a $529 million federal Advanced Vehicle Technology Loan was halted due to sagging Karma sales. This situation is a fluid one so stay tuned as more details emerge. Source: Automotive News