Mexican Media Brands
Wanxiang, U.S. Specialty Carmaker Seek to Buy Fisker
China's Wanxiang Group and American boutique carmaker VL Automotive have offered to acquire Fisker Automotive Inc. but only if the ailing U.S. hybrid vehicle maker files for bankruptcy, according to Reuters.
#hybrid
Share
China's Wanxiang Group and American boutique carmaker VL Automotive have offered to acquire Fisker Automotive Inc. but only if the ailing U.S. hybrid vehicle maker files for bankruptcy, according to Reuters.
Unnamed sources tell Reuters the partners propose to buy Fisker, maker of the $107,900 Karma plug-in hybrid sedan, through a prepackaged bankruptcy. None of the companies involved has commented.
Rumors that Fisker is preparing to file for bankruptcy have circulated since April, when the company missed a $20 million payment on a U.S. government loan. Fisker stopped making the Karma last summer.
Both co-bidders have an interest in Fisker's revival. In January Wanxiang bought most of the assets of bankrupt A123 Systems Inc., Fisker's source of lithium-ion batteries.
VL Automotive was created last year by retired General Motors executive Bob Lutz and entrepreneur Gilbert Villareal to sell a $180,000 Karma-based sport sedan. The VL Destino consists of a Karma body and the supercharged V-8 powertrain of a Cadillac sport sedan.
RELATED CONTENT
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.
-
What the VW ID. BUGGY Indicates
Volkswagen will be presenting a concept, the ID. BUGGY, a contemporary take on a dune buggy, based on the MEB electric platform that the company will be using for a wide array of production vehicles, at the International Geneva Motor Show.
-
FCA Opens the Door to The Future
FCA introduced a high-tech concept vehicle today, the Chrysler Portal, at the event previously known as the “Consumer Electronics Show,” now simply CES.