No announcement yet.

Report: Fisker to be purchased by Germans for $25M?

  • Filter
  • Time
  • Show
Clear All
new posts

    Report: Fisker to be purchased by Germans for $25M?

    Filed under: Hybrid, Sedan, Fisker, Luxury

    American plug-in hybrid automaker Fisker Automotive has been through some tough times since losing its Department of Energy loan. More than 300 Karmas were destroyed by hurricane Sandy - and they weren't covered by the insurance company - its battery supplier filed for bankruptcy, and 75 percent of its employees were laid off in April. There have been more issues, but you get the point...

    Multiple potential buyers have tried to negotiate the purchase of Fisker to no avail, including former General Motors' former CEO Bob Lutz and several Chinese investors. Now German investment group Fritz Nols AG will give it a shot. Fritz Nols has offered $25 million to buy the distressed automaker, De Telegraaf reports, which is a relatively low offer. The article notes Fisker's outstanding debt of $173 million to the US government and the fact that it has been over a year since the last Karma was produced.

    Fritz Nols' head Ingo Voigt says that if the deal went through, the investment group would aim to produce 2,500 Karmas per year and reintroduce it to the US market. Voigt also says that the Karma Surf and Sunset, shooting brake and convertible variants, respectively, would be produced down the line, but the Atlantic would not be released due to cost considerations.Fisker to be purchased by Germans for $25M? originally appeared on Autoblog on Fri, 23 Aug 2013 08:00:00 EST. Please see our terms for use of feeds.
    Permalink | Email this | Comments
    I said in search of my botni, not in search of my bhootni. Please stop sending me PMs.