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]
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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