Fisker Karma
Image

Earlier today, a statement was released announcing the resignation of Henrik Fisker as founder and CEO of the chic plug-in hybrid electric vehicle company Fisker Automotive.

An abrupt departure from the company, the statement revealed little detail of the divorce beyond disagreements with the board:

"The main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy."

Fisker Automotive was founded as a pioneering automaker devoted to creating a new generation of extremely functional electric cars. Its car, the Fisker Karma, was intended to be the industry's first plug-in hybrid luxury sports sedan. A daring product, the Karma is good for an adequate combined city/highway fuel economy rating of 52 MPGe.

Despite its grand ambitions and breakthroughs, Fisker suffered multiple setbacks that nearly ended the company including a major recall regarding defective batteries supplied by A123 Systems. According to a number of reports, the batteries were at risk of catastrophic fire. Since the recall, A123 Systems had announced its bankruptcy while Fisker Automotive had its low-interest loan from U.S. Department of Energy (DOE) frozen.

Now, with chairman Henrik Fisker departing from the company, what lies ahead in the electric automaker's future?

Insiders have revealed that Fisker Automotive is currently considering a sale to major Chinese company, Geely. An unknown brand in international markets, the Geely brand is a major player in Asia. Last year, Geely purchased the famous Swedish automaker Volvo.