Technology Sell Off? Fisker Now Considering Sale To Chinese Following A123 Battery Sell Out

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.

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Agent009 - 2/15/2013 2:03:24 PM

+5 Boost

Gotta love it!

Make a national investment in a technology, only to let it fail and sell of those hard earned tax dollars to the Chinese at a loss.

Only in the good old USA.

Sometimes I think our leaders have ADD.

AlleVier - 2/15/2013 3:06:59 PM

+2 Boost

The important question is whether you think China purchased something of value or not. If they make it succeed, we'll need to look in the mirror and ask ourselves why we couldn't.

dlin - 2/18/2013 3:35:17 PM

+1 Boost

What technology? Fisker is only one of so many EV makers in the market, and a FAILED one. What to be scared?

HughJass - 2/15/2013 3:43:40 PM

+1 Boost

You do know he's just a slave to the Chinese don't you? As well, he's got to keep his brother in China safe. No state secrets? Then his brother's Chinese wife will put a bullet in the back of his head.

Good job Ohio/Indiana, maybe Obama can give GM some tax breaks to ship the rest of your jobs to China.

pepito66 - 2/15/2013 7:33:14 PM

+2 Boost

So sad and embarrassing ......

Lexus - 2/15/2013 10:23:54 PM

+2 Boost

There is need to be a law against company that take tax payers money as loan or bailout from doing this kind of thing. If they borrow money from the gov (tax payers money) or loan they need to repaid it back even if they file for bankruptcy and sale the company to other investors.

But if they take a hand out in form of a bailout and if they fail again the government should be able to take back that company sale it and keep 90% or the majority of the profit.

I feel like they're double dipping. They get money from the bailout, then file for bankruptcy and sale the company to investors and get to keep that money as well.

vinman1013 - 2/17/2013 8:26:27 PM

0 Boost

So Fisker owes the government $200MM, the offer is for $350MM so why would you think they wouldn't repay the loan?

Lexus - 2/18/2013 2:46:43 AM

+1 Boost

@vinman1013,

where did you read in the article stating that they're planning to paid back the loan? : ) IMAO......

And did that Battery company that got help from tax payers money paid back the loan? I have NOT read an article about them paying anything back either.

Either way I don't think it's a good ideas to use tax payers money to develop a new technology and then sale them to a foreign country with the highest bid.