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Government Transportation Businesses The Almighty Buck

Report: Fisker Automotive Sold To Hong Kong Billionaire Richard Li 35

cartechboy writes "It looks like an investor group led by Hong Kong tycoon (and early Fisker investor) Richard Li is the likely winner of a government loan owed by Fisker Automotive, the dormant maker of plug-in hybrid sports cars. Buying the loan would allow Li to try and restructure the company even as it's still at risk for bankruptcy. The originally company won a $529 million government loan in 2009, took venture capital investment, and created a lot of buzz around its flagship car, the $100,000 Karma plug-in hybrid. But the company had delays launching the car, struggled financially and has not built any cars since July of 2012. Is Li the new savior?"
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Report: Fisker Automotive Sold To Hong Kong Billionaire Richard Li

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