Fisker Automotive is planning on hitching its broken trailer to a deep-pocketed sugar daddy. Talking about the startup’s hunt for its proverbial white whale, Fisker CEO, Tony Posawatz, said, “We are absolutely committed to making this company win longer term, and the history of smaller companies living on their own in the automotive business is not stellar. We are not going to go it alone.”
Posawatz, the former Chevy Volt chief engineer, added that Fisker was already working a trio of possible deals.
There is no doubt that Posawatz and Fisker are facing quite a challenge. Though the various Fisker electric cars have all been visually stunning, they have yet to sell at anywhere near the rate they must if Fisker is to survive. Compounding their problems are a few high-profile breakdowns, including the one that died on Consumer Reports’ testing track, and the recent bankruptcy of their battery supplier, batter maker A123.
