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Showing posts with label government loans. Show all posts
Showing posts with label government loans. Show all posts

April 07, 2013

'Green' car maker Fisker fires 75 pct of workforce

DETROIT: Fisker Automotive, the struggling government-backed hybrid sports car maker, on Friday terminated most of its rank-and-file employees in what sources said was a last-ditch effort to conserve cash and stave off a potential bankruptcy filing.