Henrik Fisker has joined an investor group to try to salvage Fisker Automotive. The corporate, founded by Fisker six years back and finest known to its luxury electric range-extender — the Fisker Karma — is now struggling to remain afloat amid ongoing financial issues. Fisker resigned from his position at Fisker Automotive in March, after reported arguments along with top executives over strategy. He is well known regarding his now joined an investor group lead by former Fisker investor and billionaire Richard Li. Section of its strategy is always to buy the £350. 7 million loan assigned to Fisker from the US Department of Energy for between £16-20 million. The DOE seized £13. 9 million from Fisker last month to use against the loan. Another group lead by former General Motors executive Bob Lutz is likewise looking to save lots of Fisker by buying it for £13. 2 million. That group also includes Chinese auto parts market Wanxiang Group. Fisker himself is really a big drawing point for potential investors inside the company. Credited with design success at both Aston Martin and BMW, he helped to draw in over £795 million in private funding to Fisker Automotive since 2007. Henrik Fisker joins investment group to save lots of Fisker Automotive
Thursday, September 11, 2014
Henrik Fisker joins investment group to save Fisker Automotive
Henrik Fisker has joined an investor group to try to salvage Fisker Automotive. The corporate, founded by Fisker six years back and finest known to its luxury electric range-extender — the Fisker Karma — is now struggling to remain afloat amid ongoing financial issues. Fisker resigned from his position at Fisker Automotive in March, after reported arguments along with top executives over strategy. He is well known regarding his now joined an investor group lead by former Fisker investor and billionaire Richard Li. Section of its strategy is always to buy the £350. 7 million loan assigned to Fisker from the US Department of Energy for between £16-20 million. The DOE seized £13. 9 million from Fisker last month to use against the loan. Another group lead by former General Motors executive Bob Lutz is likewise looking to save lots of Fisker by buying it for £13. 2 million. That group also includes Chinese auto parts market Wanxiang Group. Fisker himself is really a big drawing point for potential investors inside the company. Credited with design success at both Aston Martin and BMW, he helped to draw in over £795 million in private funding to Fisker Automotive since 2007. Henrik Fisker joins investment group to save lots of Fisker Automotive
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