Advertisement

German Group Offers $25 Million For Fisker: Report

Follow Viknesh

2009 Fisker Karma Sunset convertible concept

2009 Fisker Karma Sunset convertible concept

Enlarge Photo
Despite it being close to a year since Fisker last made a car, the company is yet to announce bankruptcy and remains confident a new investor or even a potential buyer can be found. Several groups have made their interest known, including one led by auto industry veteran Bob Lutz, another led by Fisker’s own founder Henrik Fisker, and most recently Chinese automaker BAIC.

Despite the handful of takers, Fisker is yet to sell and the company is likely to be close to running out of cash. That cash is the remains of an original sum totaling $1.4 billion, made up of private investment as well as $192 million from a Department of Energy loan.

AutoBild is now reporting that a German group is interested in acquiring Fisker and is willing to pay $25 million for it. Based in Frankfurt, the group, known as Fritz Nol, has already drawn up a restructuring plan for Fisker, which, among other things, includes shifting production of the Fisker Karma from independent manufacturer Valmet of Finland to a location in the U.S., most likely the former General Motors Company [NYSE:GM] plant in Wilmington, Delaware. The plant was bought by Fisker for its second model, the Atlantic.

Fritz Nol would have to raise more investment to get production going again but if successful it would like to build approximately 2,500 Karmas before adding production of other Karma variants such as the Surf shooting brake and stunning Sunset convertible. Both vehicles had been previewed in concept form by Fisker though never confirmed for production..

Apart from having to outbid rival groups interested in Fisker, Fritz Nol will also have to deal with the DOE loan that is attached to any sale of the struggling company.

_______________________________________

Follow Motor Authority on Facebook, Twitter, and Google+.
Advertisement
 
Follow Us

 

Have an opinion?

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
 

Have an opinion? Join the conversation!

Advertisement

Take Us With You!

 
Advertisement
Advertisement

Research New Cars

Go!


 
© 2014 MotorAuthority. All Rights Reserved. MotorAuthority is published by High Gear Media. Stock photography by Homestar, LLC. Send us feedback.