Fisker Atlantic

Second Chinese bidder for Fisker Automotive pulls out of buyout talks

Following the departure of Henrik Fisker from Fisker Automotive, first Geely and now Dongfeng have reportedly pulled out of talks to buy the company.

Reportedly both the Geely Group and the Dongfeng Motor Corp. have now pulled out of bidding for Fisker Automotive, further complicating that company's efforts to rescue the company. Fisker Automotive has had a rough time of it since December 2011, and is reportedly seeking suitors for a buyout or other rescue package. According to a China Daily report both of the leading bidders have pulled out of talks, adding to the complications following Henrik Fisker's resignation of the company he cofounded.

Earlier this week Geely was reported to have backed out of bidding for Fisker Automotive, citing Government restrictions.


Share on Facebook submit to reddit Share on Google+
Sign-up to our email newsletter for daily perspectives on car design, trends, events and news, not found elsewhere.