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Fisker CEO Leaves After Less Than A Year on the Job

Fisker Automotive Website

The CEO of Fisker Automotive is stepping down after being in the job for less than a year.

Tom LaSorda said he is returning to retirement.

His replacement is Tony Posawatz.

He is credited with leading the successful launch of the Volt.

The Wilmington News Journal reports that this is the latest shake-up at the top for Fisker which has seen a delay in its effort to launch a second line of plug-in hybrid cars at the former GM plant near Newport Delaware.

The Delaware effort has run into money problems with the company negotiating with Washington over a federal government loan.

The Feds have withheld payments because the auto company has failed to meet certain production goals.

      

Don Rush is the News Director at Delmarva Public Media. An award-winning journalist, Don reports major local issues of the day, from sea level rise, to urban development, to the changing demographics of Delmarva.