There have been numerous efforts to help salvage the company after it was initially backed by a U.S. government loan. Effectively, the sale of Fisker means U.S. taxpayers have lost around $139 million (£86 million) after Hybrid Technology acquired most of Fisker’s assets for around $25 million (£15.5 million).
"After having evaluated and pursued all other alternatives, we believe the sale to Hybrid and the related Chapter 11 process is the best alternative for maximising Fisker Automotive's value for the benefit of all stakeholders,” said Marc Beilinson, Fisker Automotive Chief Restructuring Officer.
Earlier in the year Fisker announced it had been forced to lay off a huge number of staff, which also followed the resignation of its Executive Chairman, Henrik Fisker – the ex-Aston Martin and BMW designer who founded the company in 2007. For more details click here.
Thanks to: Auto Express