Gallery: Rumor Has it Fisker Automotive May File for Bankruptcy

 

Several news organizations are reporting that the U.S. government-backed electric vehicle company Fisker Automotive is seeking counsel from a law firm that specializes in bankruptcy proceedings. The company produces luxury electric vehicles popular with celebrities such as Leonardo Di Caprio and Justin Bieber, and it received a $529 million loan from the Department of Energy. But ABC News draws comparisons between Fisker and solar manufacturer Solyndra (which famously filed for bankruptcy in 2011), claiming that while the firm has paid off its loan interest payments, it will struggle to meet a major principle payment due at the end of April.

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