German Company Wants to Buy Fisker for $25 Million

German company Fritz Nols AG is reportedly interested in acquiring California-based EV manufacturer Fisker Automotive for $25 million.
Fisker Karma 1 photo
Photo: Fisker Automotive
According to Auto Bild, the Germans have already put together a plan to save the automaker from bankruptcy and shift production from Finland to a location in the United States, most likely GM’s former plant in Wilmington, Delaware. Fritz Nols’ plan also includes an annual production of 2,500 Karma sedans, with more models to be added once Fisker is up and running again.

But before being taken into account, the new offer needs to be approved by the US Department of Energy (DOE), to which Fisker Automotive still owes more than $150 million from the credit line it received back in 2009.

Fisker Automotive stopped building cars more than a year ago and has dismissed about 75 percent of its employees to save cash earlier this year. Despite the drastic measures, company has filed for Chapter 11 bankruptcy.

Story via AutoBild via MotorAuthority
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About the author: Ciprian Florea
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Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer.
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