Chinese business interests are again reportedly moving to buy financially crippled electric car start-up Fisker Automotive.
Reuters reported today that VL Automotive and China’s Wanxiang Group are looking to gain control of troubled Fisker through a prepackaged bankruptcy.
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Reuters cited as anonymous ‘people familiar with the matter’ as source and those sources also cautioned that efforts to revive Fisker are “ongoing and may fall apart”.
VL Automotive is headed by former GM executive, Bob Lutz.
Reports also suggest that other investor groups may be interested in Fisker.
Wanxiang picked up the assets of Fisker’s lithium-ion battery supplier, A123 Systems and this week a judge approved the bankruptcy plan for A123, which changed its name to B456 Systems.
Chinese OEM Geely was interested in Fisker earlier this year, but its interest reportedly went cold at the end of March due to the electric car maker’s obligations to the US government.
