Fisker Seeking Suitors As Far Afield As China

Speculation centers around one possible partner: Dongfeng, based in Wuhan, China. Day-to-day operations being managed by Huron Consulting Group in Chicago, with the investor search in the hands of Evercore Partners.

Published: 16-Feb-2013

Fisker Automotive Inc., the U.S. plug-in hybrid carmaker seeking a buyer, is weighing several bids, including a $350 million offer from Dongfeng Motor Corp. that would give the Chinese carmaker majority control, said people with knowledge of the matter.

Dongfeng, based in Wuhan, China, would gain 85 percent of Fisker under the terms of its bid, said one of the people, who asked not to be named because the process is private. Fisker had sought bids by Feb. 6, according to that person.

“The company has received detailed proposals from multiple parties in different continents, which are now being evaluated by the company and its advisers,” Roger Ormisher, a spokesman for Fisker, said in an e-mail. He declined to elaborate.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

Fisker Karma has electric range up to 50 miles

Wall Street Journal's auto reviewer turns his wicked whit on Fisker's luxury electric hybrid.

Fisker Karma similar to Justin Bieber's birthday present.

Pop star turns 18 and receives, as a birthday gift from his manager, a Fisker Karma extended range electric hybrid.

Illustration showing location of Karma battery pack.

Cause of Consumer Reports test car failure now identified as manufacturing flaw in A123 cells.

READER COMMENTS

blog comments powered by Disqus