Bloomberg is reporting that a Chinese company has offered to buy a controlling interest in struggling Fisker Automotive
Dongfeng Motor Car’s offer would reportedly give it an 85 percent stake in Fisker, which is based in California. Fisker is looking at other bids, a company spokesman said.
The sale could result in all Fisker production moving to China. Its only car line, the Karma, is built in Finland.
Delaware has lent Fisker $25 million and the federal government has loaned it $200 million. The remainder of that federal loan was halted The state and feds had made the loan in hopes that the company would reopen the former GM Boxwood plant west of Wilmington.
The plant has been mothballed, with the state said to be paying its electric bills.
Fisker has not built any Karmas in half a year, since the maker of the battery used in the vehicle filed for bankruptcy. The company, A123 Systems is now owned by a Chinese parts supplier.
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