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Submission + - Report: Fisker Automotive Sold To Hong Kong Billionaire Richard Li

cartechboy writes: Its 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 its 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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Of course you can't flap your arms and fly to the moon. After a while you'd run out of air to push against.

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