Henrik Fisker, founder and Executive Chairman of Fisker Automotive, has resigned his position at the struggling automaker the bears his name.
In a statement released by the company, the reason for Fisker’s departure is related to differing opinions with the rest of the management team. “The main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy,” reads the statement.
SEE ALSO: Fisker, The Rise and Decline of an American Automaker
Fisker Automotive is believed to be in the midst of a sale to, or major investment by, a Chinese company, Geely, which also owns Swedish automaker Volvo.
An upstart American electric car maker, Fisker Automotive has suffered numerous setbacks and continued product delays during its short existence. The Karma plug-in hybrid, while beautiful, has suffered from everything from battery issues to fires, while the company itself has had its low-interest U.S. Department of Energy (DOE) frozen, while battery supplier A123 recently went bankrupt.
Previous to founding Fisker Automotive, Henrik Fisker was a well-known automotive designer, sculpting many of the modern day Aston Martins as well as the BMW Z8.