Things may be looking grim for Fisker Automotive, but Henrik Fisker isn’t giving up on the brand he founded.
Fisker, who resigned from the American automaker in March, is working with an investor group led by Hong Kong billionaire and Fisker investor Richard Li in hopes of salvaging the company. The group is hoping to buy the U.S. Department of Energy loan to Fisker without having the automaker resort to bankruptcy.
Fisker’s hope is to free the brand from its federal loan obligations in hopes of enticing more potential buyers. Either way, the DOE is likely to recover very little of its $171 million loan. The group led by Li is proposing to buy the loan for $25 to $30 million according to sources familiar with the talks.
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