VL Automotive and Wanxiang put in a Low Bid for Fisker

Fisker Karma

Stick a fork in `em, because Fisker ’s about as cooked as it can get. As much as it saddens us, we have to admit that the once promising brand is set to be sold or head into bankruptcy. So far, Fisker has two interested parties, per a report from Reuters, that are looking to buy it out.

The most aggressive team is headed up by Bob Lutz’s VL Automotive and China’s Wanxiang Group, as they reportedly put in a bid of $20 million for the spiraling company. $20 million may sound like a big number for a nearly bankrupt company, but it is a far cry from the $2.2 billion valuation given to Fisker in the spring of 2012.

Of course, no one involved in the process is confirming the report of this super-low bid, but folks close to the situation are claiming that it is true and that Fisker is considering the offer.

There is one other team that is interested in purchasing the company outright, but there aren’t any reports of them bidding. However, there are reports that a third investment group is interested in buying out DOE’s $171 million interest in the company, which came as a result of the loan Fisker received in its infancy that was later frozen.

This is all we have for now, but we’ll keep an eye out for more reports as time goes on.

Click past the jump to read more about VL Automotive’s interest in Fisker

Source: Reuters

2013 VL Automotive Destino

VL Automotive Destino

There is a good reason that VL Automotive wants to get its hands on Fisker; it wants to produce the Destino without the middleman.

The VL Automotive Destino is based on the Karma, sans the massive and awkward-looking moustache and electric powertrain. This puppy has a more conventional front fascia and a Corvette ZR1 powertrain in tow. This 6.2-liter V-8 powerplant puts 638 horsepower and 604 pound-feet of gasoline-powered fun to the ground.

The Karma’s unfortunate demise nearly spelled the end for the Destino, but it looks as if things just may shape up for Lutz’s brainchild. We certainly hope, as we’d hate to see the Karma’s sexy body go to waste…


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