2009 Fisker Karma Sunset convertible conceptEnlarge Photo
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.