LaSorda’s appointment comes at a pivotal time in the automaker’s history, as the automaker has been struggling to restructure loans previously granted by the U.S. Department of Energy.
Fisker has missed key deadlines, prompting the feds to freeze the company’s access to funding. As a result, Fisker was forced to lay off employees in California and Delaware, calling the future of its “Project Nina” vehicle line into doubt.
LaSorda is no stranger to automakers with financial woes, as he became Chrysler’s CEO during its brief ownership by Cerberus Partners. He was instrumental in brokering the deal that led to Fiat’s purchase of Chrysler, and despite a request from Fiat to stay on board, retired from the automaker in May of 2009.
Henrik Fisker, co-founder of the company that bears his name, will become Executive Chairman and will focus on building the Fisker brand in global markets. Fisker will also remain in charge of styling and design of future Fisker models.