Henrik Fisker Partners With Investor Group to Bid for Fisker Automotive
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.
SEE ALSO: VL Automotive Looking to Buy Fisker for $20 Million
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.
[Source: Reuters]
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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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