Fisker To Be Saved By Lutz And Wanxiang?

Fisker’s saga is far from over and businessmen around the world are hovering over its Karma.

We heard news not long ago that Detroit-based VL Automotive, in which ex-GM executive Bob Lutz is involved, is planning on selling V8-powered Fisker-bodied vehicles.

According to news agency Reuters, VL Automotive is partnering with China’s Wanxiang Group with the goal of acquiring the post-bankruptcy assets of Fisker.

If this story seems familiar, keep in mind that Wanxiang is the Chinese company that acquired the automotive division of then also bankrupt battery maker A123 Systems.

Interestingly, A123 Systems was the battery provider to Fisker.

It is then not surprising to see VL Automotive and Wanxiang team up for the assets of Fisker considering VL Automotive needs Fisker bodies for its Destinio (pictured) to see the light and that Wanxiang needs Fisker to be alive to provide batteries to the Karma.

Reuters said in its article that “this comes alongside a separate push by investors in Europe and Hong Kong, including billionaire Richard Li, to buy out the U.S. Department of Energy’s position in Fisker.”

Fisker’s Karma were assembled by long-time automotive supplier Valmet.

Fisker has not commissioned Valmet to build a single Karma plug-in hybrid since July 2012 and has seen its founder, automotive designer Henrik Fisker, leave the company abruptly mid-March.

On April 5, 2013, Fisker Automotive laid off160 of its employees; word has it a mere 53 employees remain out of the Anaheim-based company that once boasted over 400.

As is often the case in these situations, no one involved would comment, confirm or deny the information. One thing is sure: negotiations are underway for Fisker’s assets and everyone could be surprised by the outcome.