Struggling electric vehicle start-up Fisker Automotive Inc.
on Thursday declined to comment on a report that it may be forced to file for bankruptcy as early as next month if it fails to attract a buyer or strategic investor.
The California-based firm, backed by the Obama administration with a $529 million loan, has put most of its workers on furlough to save money, hired restructuring lawyers at Kirkland & Ellis LLP to prepare for a possible bankruptcy filing, the Wall Street Journal reported, citing people familiar with the matter. It faces an April 22 deadline to make a loan payment to the U.S. Energy Department.
"At this stage, with so many different factors and agendas in play, we are not offering any official comment," Fisker spokesman Roger Ormisher said Thursday.