Fisker 31

Fisker Filed for Bankruptcy ‚Äď Tribute Pictures

After 18 months of not producing any cars, Fisker finally filed for bankruptcy protection. The Department of Energy sold its Fisker assets to Hybrid Tech Holdings LLC for £15 million, at a reported £85 million loss. Other reports say the DOE invested £118 million in Fisker, and only got around £32 million back. The DOE put Fisker up for auction last month.

This is a huge amount of money left to be paid, it seems Fisker have left a bit of a mess behind them.

Bloomberg says the LLC bought the Fisker remnants so it can, ‚Äúeventually restart‚Ķ production and sale of the Karma,‚ÄĚ as well as ‚Äúother hybrid-electric vehicles.‚ÄĚ Fisker‚Äôs press release is available below.

Photos: AutoBlog

Leave a Reply

Your email address will not be published. Required fields are marked *