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Fisker lays off 75 percent of workforce as bankruptcy looms

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Fisker Automotive laid off three quarters of its staff today to avoid bankruptcy while it seeks an angel with big bucks to help it become operational again. The maker of the luxury hybrid Karma says it has “at least” $30 million in cash, and $15 million more due after settling a claim this week with its bankrupt battery maker A123 Systems, according to Reuters. But the company owes $192 million...

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