Fisker hires law firm to prepare possible bankruptcy filing -WSJ

Newswire

DETROIT/NEW YORK, March 28 (Reuters) - Fisker Automotive, the green-car company that has not built a car since July, hired restructuring lawyers from Kirkland & Ellis to prepare for a possible bankruptcy filing, The Wall Street Journal reported on Thursday, citing people familiar with the matter. The cash-strapped automaker, which furloughed its more than 200 U.S. workers this week to conserve cash, has been exploring bankruptcy as an option, while it continues to look for ...

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An ignition-switch recall has General Motors facing its first corporate crisis since bankruptcy. What would be its next most sensible move? (Log in or register to vote.)

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