Report: Fritz Nois AG Makes $25 Million Offer For Fisker Automotive

Posted Aug 21, 2013

Fisker Automotive is a struggling auto manufacturer based in Anaheim, California that created one of the world’s first production plug-in hybrid electric vehicles.  Fisker spent around $1.4 billion to build the company up and this includes around $193 million in federal loans.

The company reportedly hired a law firm for a possible bankruptcy in March and they laid off 75% of their staff in the next month.  Now there are just about over 50 employees working at the company.

Fisker Automotive has just received an offer for a buyout from German investment company Fritz Nois AG.  Fritz has offered around $25 million for Fisker, according to Autobild.

This potential acquisition would require approval from the U.S. Department of Energy.

Edit: This article title has been updated. A previous version of this article did not have the word “million” in the title.