I would not jump to that conclusion just yet. Fisker has kept a pretty tight lid on the identity of all the bidders and just because the Chinese bidders are in the news, that does not necessarily mean there are no other bidders. I don't know anything definitive one way or another, just urging caution on reaching conclusions based on limited, and speculative, data.Now we know why Henrik is out...Geely, ideal Chinese partner for Fisker, dropped out leaving Dongfeng as only bidder for Fisker. Equity investors have no chance as to accept that offer...maybe for around 250-300MN.
From what little I know I think everyone may be a little surprised by who may become Fisker's "money" partner. (Hint: I have not seen their name mentioned anywhere)The Chinese auto makers that have been discussing an investment in Fisker, Zhejiang Geely Holding Group and Dongfeng Motor Corp., recently backed away from discussions, three people familiar with the matter said.
More speculation from "sources":
From what little I know I think everyone may be a little surprised by who may become Fisker's "money" partner. (Hint: I have not seen their name mentioned anywhere)
Maybe this is what's behind Henrick resignation, a willingness to walk away from Deleware -- Tony may be more inclined to stick with the original plan to build in the I'd GM plant and force the issue with the buyers. Lets hope an buyer with "build America" in the plans emerges.Hmm, if true, that doesn't seem like the best option. I'd want to make a clean break from all that DOE mess -- pay back what you can and move on.
Wow. I find it very surprising that anyone, including Fisker Automotive, would think that they had much of a chance getting access to the rest of that DOE loan, especially after a majority stake sale to a Chinese company.Fisker management had proposed to the Chinese that as part of any sale it tap the remaining portion of a $529 million U.S. loan, a move that would commit a new owner to building Fisker cars at a former General Motors Co . auto factory in Delaware, a person familiar with the situation said on Monday. Fisker executives believed a sale to a well-financed buyer would allow the U.S. government to unfreeze its loan, that person said....
While Geely would of made a good partner, based on the dealer network and potential to use the Deleware plant or European plants, it's not the only option. There are more offers on the table I'm sure , and only time will tell.I'm disappointed that Geely didn't work out. I think it would have been cool to have future Fisker vehicles with a high performance version of the Volvo V60 drivetrain. That seems to have been about the best outcome Fisker could realistically hope for.
I'm not so sure the window is wide open. Statements from Fisker execs indicated that they needed to close a deal by March, which could be interpreted as early as a couple weeks ago, the end of this month at the latest. Supposedly there's a loan payment due in April. They're in cash save mode at the moment so it's unclear how much time is left, but sounds like the window is almost closed.The window for a deal is wide open and I'm sure if things go south, most Fisker owners may find options, use them till they die, preserve for collection or maybe even retro for a Destino power plant. All in all, it's still the best looking car out there and that has value for people with means - remember Fisker was not building a mini van, but a luxury Grand Turing 4dr Coupe with an Electric drivetrain.
Apparently they (Detroit) are (listening)...I feel like we own the 21st century version of the 'Vette. Chevrolet rarely made any money on this car, but owners (like myself) were passionate and it's presence added overall excitement to the product line. The Karma can do the same. Detroit - are you listening?