SHARE THIS ARTICLE

A boutique carmaker led by a former General Motors executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters today.

VL Automotive and China's Wanxiang Group made an offer this month to buy Fisker through a prepackaged bankruptcy deal, the sources said, speaking on the condition of anonymity because the discussions are private.

This is one of at least two ongoing efforts to revive Fisker, which terminated the bulk of its workforce to preserve cash and hired bankruptcy advisers earlier this year.

 


Read Article


Can You See A Trend Yet? Chinese Enter The Bidding Process For Fisker

About the Author

Agent009

User Comments

HughJass
HughJass
Tonyboy22
Holydude
HughJass

Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img]http://agent001.myautospies.com/images/sample.jpg[/img]