• Reuters , Monday, June 17, 2013 8:03 AM

Fisker's Karma hybrid sports sedan is beautiful but perhaps doomed. Fisker Automotive, hasn't built a car in nearly a year, fired most of its workforce, hired bankruptcy advisers and is seeking a buyer. Co-founder Henrik Fisker resigned in mid-March in a dispute with some of the directors. And despite raising $1.4 billion in private and public funds since its founding in 2007, the company is out of cash. For months, key investors have been footing the car maker's day-to-day expenses to keep it alive in diminished form.

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