Some people have Cash and Others have only Debt - Chinese are on the shopping spree starting with Lithium resources, A123 and now Fisker Automotive. While West is chasing the QE based "Recovery" China is accumulating Strategic Resources and new Technologies for its leapfrog into the post carbon world. In the "Chinese 21st century collection" are already Saab, Volvo, A123 and now, potentially, Fisker Automotive.Lithium M&A "Art of War": Talison Lithium backs $848,000,000 Chinese Takeover Bid TLH.to, ILC.v, LMR.v, RM.v
"If you have the Feeling that your children are losing something - you could be right this time. The last opportunity to Escape the Civil War, which will follow The Break Down of the Social fabric in the Western Society is fading by the hours now, not even years."Lithium to the Rescue - Pollution Levels in Beijing Extremely Hazardous
"Will Electric Cars be recognised now as the rescue and the only viable way forward? When the main questions about the cars will be Not How Far and How Much, But Whether It Is Safe?"
Fisker Automotive may receive a $350 million acquisition bid from China-based automaker Dongfeng Motor Corp., Bloomberg says, citing people familiar with the process.
Dongfeng would buy about 85 percent of the California-based maker of the $100,000 Karma extended-range plug-in, the wire service reports. Fisker spokesman Roger Ormisher tells Bloomberg that Fisker's received proposals from "multiple parties in different continents."
Either way, a new majority owner would help Fisker pay back its loans to the US Energy Department. Fisker drew down a $529 million line by about $200 million before the US government froze the rest because Fisker didn't meet certain production targets.
Fisker hasn't produced vehicles for about seven months. The company couldn't get new batteries because supplier A123 Systems filed for bankruptcy and is going through its own bidding process. Additionally, Fisker's been renegotiating with Finland-based supplier Valmet, Ormisher told AutoblogGreen last month."