Fisker Production Halted Until A123 Sale Concludes

Fisker Production Halted Until A123 Sale Concludes

For the last six months, Fisker hasn’t built a single car, and the American electric automaker doesn’t plan to until the sale of battery supplier A123 goes through.

Recently, the Delaware Bankruptcy Court approved the sale of A123 to Chinese auto parts maker Wanxiang Group. The deal however, still has to be approved by the Committee on Foreign Investment in the U.S. Once the sale does clear, Fisker will reach out to Wanxiang to negotiate a contract before resuming production of its Karma model.

SEE ALSO: A123 Systems Bricks, Bankruptcy Announced

According to Fisker, it has a sufficient supply of cars and the automaker is not seeking a new battery supplier for its vehicles. The automaker has shrunk its workforce to around 300 employees and is currently seeking for partners and investors.

[Source: Automotive News]