Fisker made one of the best-looking four-door saloons ever conceived in the modern era (its biggest selling point that outweighed its green credentials). However, the Karma was (is?) a by many accounts, an ill-made car that had many impractical features and a known small likelihood of spontaneously catching fire.
Then, the company ran out of battery packs, ceased production at the Valmet factory in Finland, was sued and used the power of the board to get rid of company co-founder and designer Henrik Fisker, before entering bankruptcy.
In recent months, several potential investors put forth their intention to become the owners of the company, but up until this point, we only had rumors, speculations and supposed offers with no real sign of materializing. However, now the USA Today is reporting that an auction for the company’s remaining assets hit its mark, and now, the Wanxiang Group has added Fisker to its list of acquisitions.
The American branch of the Chinese conglomerate will enter possession of all things Fisker for the low-low price of $149.2 (€109) million after 19 rounds of bidding. They outbid the other major contender, Hybrid Tech Holdings, the company which was originally planning to spend as much as $168 (€123) million and create a prepackaged bankruptcy plant, though that solution was rejected and the auction was set up in favor of it.
Now we have to wait for the new owners to start making announcements in regards to the company’s (hopefully more sustainable) future. We will keep you updated.
By Andrei Nedelea
PHOTO GALLERY
