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Fisker tells its staff that four companies are interested in buying it

Fisker is nearing bankruptcy, but there might be a light at the end of the long, dark tunnel it's been traveling in for the past few months. Four companies have shown an interest in buying the troubled brand, according to comments made during a meeting by founder Henrik Fisker. "We still have some time to get other offers on Fisker. We do have four car companies that have signed NDAs," the executive said during what's described as an "all-hands meeting" for staff members held earlier this month. "However, they obviously need time to get some diligence." Business Insider, who reported the comments, adds that Fisker didn't reveal the identity of the four companies. He specified that they're car companies, but that's a vague term that could refer to anything from a small startup with shady backing to a major group that's been around for over a century. Similarly, there's no word on how long it will take for these companies to decide whether to make an offer on Fisker. In spite of its setbacks, including damning reviews of the only model it has managed to bring to production, a National Highway Traffic Safety Administration (NHTSA) probe, and reports of thousands of canceled orders, Fisker seemingly remains fairly attractive to investors. Nissan briefly considered buying the carmaker earlier in 2024 but the talks ended without a deal, according to an earlier report. Deutsche Bank is helping Fisker look for takeover candidates, and the company has already turned down one offer that wasn't "sufficient," its CEO said. Fisker hasn't commented on the report. Meanwhile, industry trade journal Automotive News (subscription only) reports Henrik Fisker has listed his personal home — an 11,800-square-foot mansion in Hollywood Hills — for sale at $35 million, though you can also rent it for $125,000 per month. The publication notes $35 million is more than Fisker's market cap, which stood at $33.7 million when it was delisted from the New York Stock Exchange.  

Henrik Fisker seeking Indian joint venture

Henrik Fisker may have backed out of the luxury hybrid automaker that bore his name, but don't dismiss him as down for the count just yet. In his latest initiative, the Dutch automotive designer is looking into starting up a joint venture in India. According to the Economic Times, Fisker was recently on the sub-continent visiting factories and holding meetings with Indian automakers that could see some sort of joint venture announced in the next three to four months, with Henrik himself tipped to join the board of his partnering automaker in an advisory capacity. India is home to such automakers as Tata, Maruti Suzuki and Mahindra. It's now been a year since the designer parted company with Fisker Automotive, which was bought by Chinese parts supplier Wangxiang for $150 million. Since then, Fisker's penned designs on an ad-hoc basis, including a high-end Mustang for Galpin and a custom motorcycle for Viking, through his new consultancy HF Design & Technology. Before starting Fisker Automotive, Henrik Fisker designed such notable machinery as the Aston Martin DB9, BMW Z8 and the ill-fated but beautiful Artega GT. He then got into the coachbuilding business, rebodying Mercedes SLs and BMW M6s for discerning and wealthy customers. News Source: Economic TimesImage Credit: Nam Y. Huh/AP Design/Style Green Fisker Henrik Fisker

Fisker Magic Works to develop two new luxury EVs in the U.K.

Fisker Automotive is laying the groundwork for its third and fourth acts, to be led by a new division in the U.K. The first act is the Ocean crossover, due in production form at next month's L.A. Auto Show and due to enter production in November 2022. The Fisker Pear, whose model name stands for Personal Electric Automotive Revolution, is expected to arrive at the end of 2023. Following a year after that will be two new projects coming from the company's new Fisker Magic Works, set up earlier this month in the U.K. Former Aston Martin engineer David King, whose resume includes everything from the DB7 V12 to the Q by Aston Martin customization department, was hired as the SVP of engineering to lead development at the Magic Works.   Henrik Fisker said the overseas division "provides us with an opportunity to create sustainable and fantastic vehicles outside the confines of established industry segments," adding that he has already tasked King with shepherding "two exciting projects which will showcase our capability in highly specialized materials and technologies designed especially for the eco-conscious automotive enthusiast." He believes one of the coming electric vehicles will be a fringe member of its segment, but "the other one doesn't exist at all" yet. The new specialty models are planned to enter the market at the luxury end, one costing more than $100,000, one costing less. That's the other side of the buying pool from the Ocean, which will start at about $37,500, and the Pear, said to start at under $30,000. The products King is developing in England will be "serious production vehicles," but built at lower volumes than the Ocean and Pear. Before then, Fisker will be working to get the Ocean running down production lines at Magna's plant in Graz, Austria, and could be working with Foxconn to get Pear assembly going at the Chinese company's new facility in Lordstown, Ohio. Once we can get behind the wheel of the Ocean and drive it, then we'll know how much we can believe of what Fisker says will follow. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.