59.9 F
Laguna Hills
Monday, May 11, 2026

Report Puts Offer for Fisker at $25M

An investment firm in Germany reportedly made an offer for Anaheim-based Fisker Automotive Inc.

Fritz Nois AG has offered about $25 million for the troubled luxury hybrid automaker, according to German auto magazine Auto Bild.

Fisker has also fielded interest from a group that included China-based Wanxiang Group and startup automaker VL Automotive in Auburn Hills, Mich., which earlier this year offered a reported $20 million to buy Fisker as part of a prepackaged bankruptcy plan.

Production on Fisker’s sole vehicle model, the Karma, has been on hold since last year due to a battery shortage through supplier A123 Systems Inc. The cash-strapped company drew down about $192 million of a Department of Energy loan before it was frozen after it failed to meet certain production and sales requirements.

Fisker reportedly hired a law firm this year to explore a bankruptcy.

—Kari Hamanaka

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Would you like to subscribe to Orange County Business Journal?

One-Year for Only $99

  • Unlimited access to OCBJ.com
  • Daily OCBJ Updates delivered via email each weekday morning
  • Journal issues in both print and digital format
  • The annual Book of Lists: industry of Orange County's leading companies
  • Special Features: OC's Wealthiest, OC 500, Best Places to Work, Charity Event Guide, and many more!

Featured Articles

Related Articles