Henrik Fisker resigns from Fisker Automotive

Henrik Fisker, founder and executive chairman of struggling plug-in hybrid vehicle maker Fisker Automotive, has resigned.

In an email today to Automotive News, Henrik Fisker, referring to himself in the third person, said: "The main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy."

Fisker confirmed his resignation in a phone interview and declined to comment further.

Tony Posawatz, who became president and CEO of the company in August, said this morning that he had just been made aware of the resignation. Posawatz previously was vehicle line director for the Chevrolet Volt plug-in hybrid.

Asked how the company was faring, Posawatz said, "We're in the midst of some serious negotiating."

News reports last month said that a Chinese holding group, Zhejiang Geely, which owns Volvo, leads the bidding to take over Fisker Automotive.

Fisker Automotive has been seeking capital to launch its second vehicle, the Atlantic, after a $529 million federal Advanced Vehicle Technology loan was put on hold because of slow sales.

By Dave Guilford- Automotive News