Photo: Fisker Automotive
Fisker's hopes in getting rescued by the Chinese have collapsed this week, after both Geely and Dongfeng backed out of the bidding process.
Just four days after Geely Holding Group decided not to follow their plans to acquire the US automaker, Dongfeng has pulled out of the buyout talks as well, leaving Fisker in a great deal of trouble.
According to TorqueNews, both companies were scared off by the conditions imposed by the US Department of Energy on the use of the former General Motors factory in Delaware, which was supposed to be the manufacturing location of the Fisker Atlantic.
The bids from Geely and Dongfeng are reported to have been worth $200 to $300 million.
Fisker Automotive hasn't built a single vehicle in more than seven months, due to financial constraints as well as battery supplier A123's bankruptcy.
In addition, company co-founder Henrik Fisker has decided to leave the EV manufacturer almost two weeks ago quoting "major disagreement with Fisker executive management".
According to TorqueNews, both companies were scared off by the conditions imposed by the US Department of Energy on the use of the former General Motors factory in Delaware, which was supposed to be the manufacturing location of the Fisker Atlantic.
The bids from Geely and Dongfeng are reported to have been worth $200 to $300 million.
Fisker Automotive hasn't built a single vehicle in more than seven months, due to financial constraints as well as battery supplier A123's bankruptcy.
In addition, company co-founder Henrik Fisker has decided to leave the EV manufacturer almost two weeks ago quoting "major disagreement with Fisker executive management".
Google News