DOE to Auction Off Fisker’s Loan Obligation
“After exhausting any realistic possibility for a sale that might have protected our entire investment, the Department announced today that we are auctioning the remainder of Fisker's loan obligation, offering the best possible recovery for the taxpayer,” DOE executive director of the loan program office explained.
“Consistent with the intent and statutory purpose of the Advanced Technology Vehicles Manufacturing program, the Department will require all bids to include a commitment and business plan that promotes domestic manufacturing capabilities and related engineering for advanced technology vehicles here in the United States,” he added.
Although it has yet to declare bankruptcy, Fisker stopped building cars more than a year ago and has dismissed most of its employees. The Anaheim-based company received a $192 million loan from DOE in 2009, $21 million of which have been recovered in cash by the department five months ago.
Back in August, German newspaper Auto Bild reported that Fritz Nols AG is interested in buying Fisker Automotive for $25 million. The bid was never confirmed officially.
Story via AutoBlog