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DOE gets first formal bid to buy electric car company Fisker Automotive

Fritz Nol, a group of German investors, has submitted its formal offer for electric car company Fisker Automotive to the Department of Energy. The government agency, which is still owed by Fisker Automotive most of a $192 million loan, has a say in the ultimate disposition of the electric car company.

By Viknesh Vijayenthiran, Guest blogger / September 12, 2013

Fisker Automotive’s Fisker Karma, a sports luxury plug-in hybrid car at the 2010 Los Angeles Auto Show in Los Angeles.

Damian Dovarganes/AP/File
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A few weeks ago it was revealed that an investor group in Germany was interested in acquiring Fisker for the lowly sum of $25 million, with the intention to start limited production of the Karma extended-range electric sedan and several derivative models at a plant in the U.S. At the time, it was also revealed that the group, whose name is Fritz Nol, had drawn up a full restructuring plan for Fisker, which hasn’t built a car in almost a year and is on the verge of bankruptcy.
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