Tuesday, August 27, 2013

Fisker Automotive May Sell For $25M, Says Report

Anaheim-based Fisker Automotive, the highly troubled electric car maker, spent over $1.4 billion in capital to bring its automobiles to market. But it appears, the company is possibly being acquired for just $25M, by a group of German investors. Fisker--which has laid off most of its staff, is being sued by supppliers, and has stopped selling cars--has yet to declare bankruptcy, but has been looking for a buyer since May, after laying off nearly all of its employees.

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