Fisker entertaining offers

[DainBramaged]

Fisker Automotive Inc., the U.S. plug-in hybrid carmaker seeking a buyer, is weighing several bids, including a $350 million offer from Dongfeng Motor Corp. that would give the Chinese carmaker majority control, people with knowledge of the matter told Bloomberg.

Dongfeng, based in Wuhan, China, would gain 85 percent of Fisker under the terms of its bid, said one of the people, who asked not to be named because the process is private. Fisker had sought bids by Feb. 6, according to that person.

"The company has received detailed proposals from multiple parties in different continents, which are now being evaluated by the company and its advisers," Roger Ormisher, a spokesman for Fisker, said in an e-mail. He declined to elaborate.

Teaming up with Dongfeng could help Fisker solidify its turnaround and give it the funds to pay back loans from the U.S. government. The maker of the Karma luxury rechargeable-car had to halt production last year after battery supplier A123 Systems Inc. filed for bankruptcy, and said last week that it would begin making vehicles again "fairly soon."



Read more: http://www.autonews.com/article/20130215/OEM05/130219888#ixzz2KzrMyWOf
Follow us: @Automotive_News on Twitter | AutoNews on Facebook


The quest to replace the petroleum engine goes on

[Peregrine]

1. It is not a plug-in hybrid

It is an extended range electric. Because it wants to be a performance vehicle, it has to rely on a more powerful gas engine for the performance. Read lower MPG and higher GHG. They either need to switch to being a plug-in (cheaper costs) or an EV like Tesla or just give up the green and slap a LSA into it and just market the recycled materials to the greenies that still want HP.

[DainBramaged]

2. Slap an LSA into it.........

http://jalopnik.com/5649795/2012-camaro-z28-shows-off-556-hp-lsa-v8