News Summary: Fisker to cut workforce sharply

News Summary: Electric car maker Fisker Automotive lays off three-fourths of HQ workers

Associated Press

IDLING: 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.

ROUGH RIDE: Last month, its co-founder resigned and Fisker furloughed its staff of about 220 for one week. The company at one time had about 600 workers. Fisker said it plans to keep about one quarter of its workforce, but it gave no numbers. One-fourth of the workforce would be about 55 people, with 165 laid off.

HARDLY WORKING: Fisker, which makes the $100,000 Karma plug-in hybrid sports car, hasn't produced any cars since last year after its battery supplier filed for bankruptcy protection. The company has struggled to attract investment and was shopping around for a buyer or company to join it in an alliance.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You

    • Chelsea Clinton shuts down trolls who targeted Barron Trump

      Former First Daughter Chelsea Clinton has spoken out in defence of Barron Trump, the US president's youngest son, after trolls targeted him with cruel memes online during the inauguration.  In a Facebook post Chelsea, who spent much of her teenage years in the spotlight while her dad Bill Clinton was president, said the 10-year-old "deserves the chance every child does-to be a kid".  But she also turned political: "Standing up for every kid also means opposing POTUS policies that hurt kids". Criticism of Barron's facial expressions and posture during the inauguration was widespread on social media, with people mocking him and calling him out for looking bored.  A Saturday Night Live writer even tweeted: "Barron will be this country's first homeschool shooter". The tweet was later deleted.  People on Facebook praised Chelsea for defending Barron while also expressing her political ideas:  BONUS: Donald Trump's inauguration address included a Bane quote ›

      Mashable
    • 12 bodies found in Mexican tourist town: officials

      A dozen bodies -- including seven that were headless and mutilated -- were discovered over the weekend in western Mexico's seaside resort of Manzanillo, apparent victims of the country's epidemic of drug violence, local officials said. It was a shocking turn of events for an area popular with American and other foreign tourists, which until now had largely been spared from the bloody drug wars wracking other parts of Mexico. Seven bodies were found early Saturday in an abandoned taxi on the road from Manzanillo to the town of Cihuatlan.

      AFP
    • Royals' Ventura killed in car crash in Dominican Republic

      KANSAS CITY, Mo. (AP) — Yordano Ventura quit school as a teenager so he could begin working a construction job to help his family make ends meet, laboring day after day in the hot sun of the Dominican Republic.

      Associated Press
    • 1 dead, multiple injured San Antonio shopping mall shooting

      SAN ANTONIO (AP) — A robbery inside a San Antonio shopping mall ended with shots fired on Sunday, leaving one person who tried to intervene dead, three others shot and another two people taken to hospital with non-shooting injuries, police and fire officials said.

      Associated Press
    • Tesla Cars To Have ‘Major Revisions’ Every 12-18 Months

      "Tesla will never stop innovating," Musk tweeted on Saturday.

      International Business Times
    • White House vows to fight media 'tooth and nail' over Trump coverage

      By Doina Chiacu and Jason Lange WASHINGTON (Reuters) - The White House vowed on Sunday to fight the news media "tooth and nail" over what it sees as unfair attacks, with a top adviser saying the Trump administration had presented "alternative facts" to counter low inauguration crowd estimates. On his first full day as president, Trump said he had a "running war" with the media and accused journalists of underestimating the number of people who turned out Friday for his swearing-in. White House officials made clear no truce was on the horizon on Sunday in television interviews that set a much harsher tone in the traditionally adversarial relationship between the White House and the press corps.

      Reuters
    • Discarded protest signs from the Women’s March in NYC (28 photos)

      Following the march in New York City, protesters left behind thousands of signs around Fifth Avenue near Trump Tower. Many signs left near a construction site were taken home by admirers as souvenirs. One group of placards was made into an art installation on East 57th Street, while many of these great signs were discarded near receptacles along Fifth Avenue waiting for sanitation. (Yahoo News) Photography by Gordon Donovan /Yahoo News _____ Related slideshows: Slideshow: Signs of the Women's March around the world >>> Slideshow: Women's March on Washington, D.C. >>> Slideshow: Women’s March around the world >>> Slideshow: How newspapers covered President's Trump inauguration >>> Slideshow: Anti-Trump inauguration protests break out in U.S. >>> Slideshow: Protests worldwide against the inauguration of Donald Trump >>> Slideshow: Obama's Washington >>> Slideshow: Donald Trump’s Inauguration Day >>> Slideshow: 66 hands on 66 Bibles >>> See more news-related photo galleries , and follow us on Yahoo News Photo Tumblr.  

      Yahoo News Photo Staff
    • Crumbling lira pressures Turkish retailers as economy slows

      By Ceyda Caglayan ISTANBUL (Reuters) - Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. A few days ago he canceled nine of them after sharp falls in the lira meant he would struggle to afford the rents. Turkey's currency has lost around a quarter of its value since the middle of last year, causing havoc for retailers selling imported goods or paying rent pegged to the U.S. dollar.

      Reuters
    • Trump's inaugural ball cake looked suspiciously like Obama's from 2013

      Looks like we have a copy-cake on our hands. Baker and Food Network personality Duff Goldman created a cake for President Obama's "Commander-in-Chief" inaugural ball in 2013. On Friday, however, he noticed a very similar cake in the news — the cake at one of Donald Trump's inaugural balls. SEE ALSO: How Trump's inauguration concert compared to Obama's The cake on the left is the one I made for President Obama's inauguration 4 years ago. The one on the right is Trumps. I didn't make it. 樂 pic.twitter.com/qJXpCfPhii — Duff Goldman (@Duff_Goldman) January 21, 2017 Turns out, the resemblance wasn't a coincidence. According to Tiffany MacIsaac of Buttercream Bakeshop, the order she received from Trump's team requested an exact replica of Goldman's 2013 creation.  "Duff Goldman originally created this for Obama's inauguration 4 years ago," she wrote on Instagram, "and this years committee commissioned us to re-create it." But — hold up — the D.C. bakeshop isn't keeping the profits from the commission. "Best part is all the profits are being donated to @humanrightscampaign, one of our favorite charities who we have loved working with over the years," she continued. A photo posted by Buttercream Bakeshop (@bttrcrmbakeshop) on Jan 21, 2017 at 7:35am PST FYI, the Trump cake is mostly made of Styrofoam — it's intended primarily to be a display item. But it's a good lookin' cake nonetheless. That Obama team had great taste, huh? Remembering a fantastic cake I made is awesome and the chef that re-created it for @POTUS Trump did a fantastic job. Group hug, y'all.  — Duff Goldman (@Duff_Goldman) January 21, 2017 BONUS: Obama 'Hope' artist has a new set of powerful posters

      Mashable
    • At least 4 dead after Mississippi tornado: Why advance warning isn't always enough

      Rescue teams were searching for more victims in the area where the tornado struck, Greg Flynn of the Mississippi Emergency Management Agency told the Associated Press, while Hattiesburg police were making door-to-door rounds. "Officials are working to ensure students are safe and accounted for.

      Christian Science Monitor
    • Missile failure off Florida? British leader won't say

      LONDON (AP) — The British government is being accused of concealing the failure of an unarmed ballistic missile launch ahead of a debate in Parliament over whether to refurbish the country's aging Trident nuclear launching system.

      Associated Press
    • Chen lands 5 quads to win US figure skating title with ease

      KANSAS CITY, Mo. (AP) — Nathan Chen stood on the top step of the podium and stifled a smile as U.S. Figure Skating president Samuel Auxier, preparing to drape a gold medal around his neck, bowed down before him.

      Associated Press
    • In midst of Aleppo wreckage, a Syrian family returns home

      ALEPPO, Syria (AP) — The street looks as if it was hit by an earthquake and the bombed-out building in a former rebel-held northeastern neighborhood of Aleppo is deserted — except for the second-floor apartment where Abdul-Hamid Khatib and his family are staying.

      Associated Press
    • In challenge to Trump, women protesters swarm streets across U.S.

      Hundreds of thousands of women, many with husbands, boyfriends and children in tow, filled the streets of several major U.S. cities on Saturday in an unprecedented wave of mass protests against President Donald Trump the day after his inauguration. Women activists, galvanized by Trump campaign rhetoric and behavior they found to be especially misogynistic, spearheaded scores of U.S. marches and sympathy rallies around the world that organizers said drew nearly 5 million protesters in all. The demonstrations, far surpassing crowd expectations, highlighted strong discontent over Trump's comments and policy positions toward a wide range of groups, including Mexican immigrants, Muslims, the disabled and environmentalists.

      Reuters
    • In photos: The bestselling cookbooks of 2016 (10 photos)

      Ina Garten's "Cooking for Jeffrey" was the bestselling cookbook of 2016, selling nearly 406,600 copies within two months of its release in late October.Described as her most personal cookery title yet, "Cooking for Jeffrey" is a compilation of recipes that Garten has been cooking or her husband over the last 48 years of their marriage.  Here are the top 10 selling cookbooks of 2016 in the US, according to Nielsen BookScan. 

      AFP Relax News
    • Inside Edition
    • Inauguration crowds are looking puny compared to Women's March crowds

      Sorry, Trump, but these Women's March crowds are YUGE. Ladies from around the world got in formation to take part in the Women's March on Washington following Trump's inauguration, and the crowds are downright bigly. With attendance projections for the D.C. March now at over 500,000, many can't help but compare today's attendance to Friday's underwhelming inauguration numbers. SEE ALSO: Who pulled the bigger crowd: Trump or Obama? While hundreds of thousands did show up to watch Trump be sworn in as the 45th President of the United States on Friday, visible empty bleachers and photos of Obama's packed 2009 inauguration ceremony,which had an estimated turnout of around 1.8 million, proved Trump's gathering was far from record setting. The March reportedly led to 1,000 more busses being booked than on Trump's big day, and photographs and video from today's events show D.C. bombarded with an overwhelming number of attendees. Though official inauguration numbers are unknown, the gorgeous sea of pink Pussyhats assembling at today's March certainly appeared to trump the president's crowds. If you want to see how massive the Women's March is, I'm standing at the back edge of the crowd, and I've marked the speaker's stage. pic.twitter.com/L47WgP2OuP — Matt Pearce (@mattdpearce) January 21, 2017 #WomensMarch in #DC view from the roof of VOA towards #USCapitol pic.twitter.com/JBY4MAhep3 — Niki Papadogiannakis (@nikipapadog) January 21, 2017 @JoyAnnReid @puffin98 Let's compare crowd size of Trump Inauguration v D.C. Women's March...樂 Mr Trump...you can't comb over racism! pic.twitter.com/Lz9Tn8PpZp — Sissy Victor (@sissyvictor40) January 21, 2017 #WomensMarch Today vs. #Inauguration Yesterday pic.twitter.com/jFowSajc4Q — Austin Hunt (@AustinHunt) January 21, 2017 Photos of the Shady Grove Metro station currently. Hearing it's an hour wait to get on the train. O____o #WomensMarch pic.twitter.com/YOaaQ41v1s — Philip Lewis (@Phil_Lewis_) January 21, 2017 What the same DC Metro station looked like on Inauguration Day vs. what it looks like today pic.twitter.com/gi8GBoqni5 — Freddie Campion (@FreddieCampion) January 21, 2017 On my way to cover #WomensMarch in DC and have not seen this station this busy even at peak rush hour before. Pink everywhere. pic.twitter.com/kYhxy66ttj — Tal Kopan (@TalKopan) January 21, 2017 #WomensMarch We're not even in DC yet, and this metro station has a better crowd than the inauguration. pic.twitter.com/iXeJFqwtIJ — Emily Hecht (@emiblake) January 21, 2017 The fact that there are more people at the #WomensMarch than the #Inauguration gives me hope that we're all going to be alright. pic.twitter.com/GgNeEii2yB — David Thompson (@DavidMDT) January 21, 2017 Thanks to the National Mall Cam, a live video feed of the U.S. Capitol building, you can check out the huge crowds for yourself in real time. Inauguration Photo of Donald Trump's inauguration crowds on Jan. 20, 2017. Image: screengrab/earthcam Women's March Photo of Women's March on Washington crowds at 12:00 p.m. on Jan. 21, 2017. Image: screengrab/earthcam Uh oh, Trump. Looks like the women of the world are giving you some serious competition. BONUS: Trump's 2017 vs Obama's 2009: A brutal inaugural concert comparison

      Mashable
    • Conway: Crowd Size at Trump's Inauguration 'Was Historic'

      Inauguration crowd size is 'not so important,' Kellyanne Conway said.

      ABC News q
    • Powerful Quake Hits Off Papua New Guinea

      An earthquake measuring 7.9-magnitude struck 25 miles west of Panguna in Papua New Guinea, the United States Geological Survey said Sunday.

      International Business Times