• Sign in to follow this  
    Followers 0

    German Investment Group Places A Bid For Fisker


    William Maley

    Staff Writer - CheersandGears.com

    August 23, 2013

    A German investment group has put its hat in the ring to buy Fisker Automotive. Fritz Nols AG has put in a bid for $25 million dollars for the company and its assets, a far cry from $173 million debt Fisker owns the U.S.

    "There was too much focus on design and production. It was forgotten that you have to sell the car as well," said Ingo Voigt, the person heading the buyout for Fritz Nols AG to Autobild.

    If the group was to get Fisker, Voigt says they would move production from Finland to the U.S. and sell 2,500 Karma sedans per year. The group will also focus on adding more models to Karma lineup with the Surf, a shooting brake model and the the Sunset, a two-door convertible. The smaller Atlantic sedan has been taken off the table due to cost concerns.

    Nols isn't the only buyer interested in buying up Fisker. Back in May, Henrik Fisker and Hong Kong-based investor Richard Li offered $25 to $30 million to the Department of Energy. There is also Chinese automotive suplier Wanxiang Group and Bob Lutz's VL Automotive teaming up and offering a bid of $20 million.

    Source: autovisie, Autobild

    William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

    0


    Sign in to follow this  
    Followers 0


    User Feedback


    I really like the styling of the Fisker Karma and would hope a group can save the day. I'd hate to see the Karma disappear and any variants never make it to the light of day.

    0

    Share this comment


    Link to comment
    Share on other sites

    ... I can't see why you wouldn't want to build the Atlantic... it is where the money is to be made for these cars.

    I agree.. But I don't know how far Fisker got with the engineering of the Atlantic, considering all of the delays they had on it. Possibly the amount of work needed to finish it is making the group think twice.

    0

    Share this comment


    Link to comment
    Share on other sites

    Interesting as this may be, I still think this is a waste of investment if you try to get this company to grow and compete against the rest of the auto industry heavy weights. At this time, better to buy up the rights and intellectual property if there is any and roll it into an existing auto line.

    I think Lutz would be the only one who could really make this work by using the format for CUV/SUV and trucks.

    0

    Share this comment


    Link to comment
    Share on other sites


    Your content will need to be approved by a moderator

    Guest
    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   You have pasted content with formatting.   Remove formatting

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor




  • Popular Stories

  • Similar Content

    • By William Maley
      Fisker is beginning to drop information on their new vehicle called EMotion along with some clear images of the model.
      The design is.. well... out there. The side profile looks be a Karma that has been squished. There are tall wheel wells and deep cuts in the doors. The front end is something - we're going with the policy if you have nothing nice to say, don't say anything. The vehicle is built out of aluminum and carbon fiber.
      Fisker is already making some claims about the EMotion such as the vehicle having "superb rear legroom."
      "Fisker has taken advantage of the newly developed electric powertrain layout by pushing the vehicle’s entire interior compartment forward and increasing the wheelbase with distinctively short front and rear overhangs, a layout that increases the interior space," the company said in a statement.
      Also, the EMotion will have a range of 400 miles and reach a top speed of 161 mph. The company says this range is due to graphene battery technology developed by Fisker Nanotech and Nanotech Energy Inc. Details about this new battery tech are slim. One more thing, the EMotion will feature autonomous driving technologies.
      Fisker will fully unveil the EMotion in mid-2017.
      Source: Motor1, Roadshow

      View full article
    • By William Maley
      Fisker is beginning to drop information on their new vehicle called EMotion along with some clear images of the model.
      The design is.. well... out there. The side profile looks be a Karma that has been squished. There are tall wheel wells and deep cuts in the doors. The front end is something - we're going with the policy if you have nothing nice to say, don't say anything. The vehicle is built out of aluminum and carbon fiber.
      Fisker is already making some claims about the EMotion such as the vehicle having "superb rear legroom."
      "Fisker has taken advantage of the newly developed electric powertrain layout by pushing the vehicle’s entire interior compartment forward and increasing the wheelbase with distinctively short front and rear overhangs, a layout that increases the interior space," the company said in a statement.
      Also, the EMotion will have a range of 400 miles and reach a top speed of 161 mph. The company says this range is due to graphene battery technology developed by Fisker Nanotech and Nanotech Energy Inc. Details about this new battery tech are slim. One more thing, the EMotion will feature autonomous driving technologies.
      Fisker will fully unveil the EMotion in mid-2017.
      Source: Motor1, Roadshow
    • By William Maley
      Henrik Fisker has resurrected his namesake company. Speaking with Bloomberg, Fisker said his new company Fisker Inc. will reveal a "premium, all-electric vehicle in the second half of 2017."
      Various about this new vehicle and the underlying electric technologies are currently under lock and key. But Bloomberg was able to glean some information about it. The battery technologies developed by Fisker Nanotech - their battery division - promises over 400 miles of range and feature industry-leading battery life that could "match the life of the vehicle."
      “The technology emanates from several professors from UCLA who have been working on energy storage. We have already developed prototypes that you won’t see anywhere else,” said Jack Kavanaugh, chairman of Fisker Nanotech.
      Fisker wouldn't say much about the design of the new model except that it would feature some of his own design elements.
      “It will definitely be something that when you see it, it will look completely different. It will be sporty and spacious. And you’ve got to make something look beautiful—there is no excuse for making an ugly car, even with new technology—so it will definitely have some of my signature elements.”
      The company also plans on launching an affordable model down the road.
      Source: Bloomberg

      View full article
    • By William Maley
      Henrik Fisker has resurrected his namesake company. Speaking with Bloomberg, Fisker said his new company Fisker Inc. will reveal a "premium, all-electric vehicle in the second half of 2017."
      Various about this new vehicle and the underlying electric technologies are currently under lock and key. But Bloomberg was able to glean some information about it. The battery technologies developed by Fisker Nanotech - their battery division - promises over 400 miles of range and feature industry-leading battery life that could "match the life of the vehicle."
      “The technology emanates from several professors from UCLA who have been working on energy storage. We have already developed prototypes that you won’t see anywhere else,” said Jack Kavanaugh, chairman of Fisker Nanotech.
      Fisker wouldn't say much about the design of the new model except that it would feature some of his own design elements.
      “It will definitely be something that when you see it, it will look completely different. It will be sporty and spacious. And you’ve got to make something look beautiful—there is no excuse for making an ugly car, even with new technology—so it will definitely have some of my signature elements.”
      The company also plans on launching an affordable model down the road.
      Source: Bloomberg
    • By dfelt
      G. David Felt
      Staff Writer Alternative Energy - www.CheersandGears.com
       
      Karma - Boldly Imperfect Email
       

       
      Karma Marketing machine has started, When Fisker was sold, it was not long before the new Karma web site was setup and was very basic. Yet it did have a sign up for email information field. I did this and Karma has finally started sending out information on their upcoming new EV auto.
       

       
      Karma has decided to take the marketing approach of "Boldly Imperfect" and also sent out this video link. 
       
      Boldly Imperfect Video
       
      New Interior

       
      Karma Automotive
  • Recent Status Updates

  • Who's Online (See full list)