Electric car maker cuts workforce

Troubled electric car maker Fisker Automotive Inc. has laid off about three-fourths of the workers at its California headquarters as it struggles with financial and production problems.

The Anaheim, Calif.-based company confirmed the layoffs in a statement on Friday, saying it is pursuing "strategic alternatives" to get through financial challenges, but it reached a point where the layoffs are necessary.

Fisker makes the $100,000 Karma, a plug-in hybrid sports car. It's sold about 1,800 of them but stopped production last year after its battery supplier filed for bankruptcy protection. Fisker has received $193 million in U.S. government loans.


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