Fisker entertaining offers
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, people with knowledge of the matter told Bloomberg.
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.
Teaming up with Dongfeng could help Fisker solidify its turnaround and give it the funds to pay back loans from the U.S. government. The maker of the Karma luxury rechargeable-car had to halt production last year after battery supplier A123 Systems Inc. filed for bankruptcy, and said last week that it would begin making vehicles again "fairly soon."
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The quest to replace the petroleum engine goes on