Report: VL Automotive & Wanxiang team up for Fisker bid

by SpeedLux

Ever since the partnership talks of Fisker with Dongfeng and Geely has broken down in March this year, the future for Fisker has looked pretty bleak. However, a new report has come up which indicates that VL Automotive and the Wanxiang Group have submitted their offer to buy the company through a prepackaged bankruptcy deal.

Obviously the terms of the deal are still a secret and not much detail is available but both the companies have a vested interest in Fisker’s survival as Wanxiang had bought the Karma’s bankrupt battery supplier and VL requires Karma components to put their Destino into widespread production.

There are reports that is at least one other offer is on the table for the company and it apparently includes several European and Hong Kong-based investors who are willing to pay as much as $171 million (€132 million) in debt that the company owes to the U.S. Department of Energy.

Any of the mentioned deal is likely to face its fair share of challenges and difficulties and sources have even warned that the proposals could still fall apart.

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