Fisker Automotive | South China Morning Post
  • Wed
  • Jan 28, 2015
  • Updated: 3:12am

Fisker Automotive

Fisker to transform hybrid Karma into petrol-guzzling V8

After-life for the hybrid Karma includes becoming a petrol-driven sports car called the Destino. Photo: AFP

Fisker Automotive's Karma sports car, once a status symbol for A-list environmentalists in the United States, will come roaring back, powered by a supercharged V8, according to plans revealed by its new owner.

Thursday, 20 February, 2014, 12:23am

Richard Li's Hybrid Technology raises bid for Fisker to US$55 million

Reversing itself, Hybrid Technology now says it plans to use GM's former Boxwood plant in Delaware to “meet consumer demand and address market conditions”. Photo: AP

Hybrid Technology, led by Hong Kong billionaire Richard Li Tzar-kai, has bid US$55 million for Fisker Automotive’s assets, just days after a bankruptcy judge in Delaware rejected Hybrid’s plan to take over the failed US maker of electric vehicles in a private sale.

15 Jan 2014 - 4:44pm

Wanxiang raises bid for Fisker in battle with rival suitor owned by Richard Li

Lawyers for Fisker are pressing the judge to approve a private sale of the failed US maker of electric cars to Hybrid Technology. Photo: AP

Chinese car parts conglomerate Wanxiang has increased its offer for Fisker Automotive, heating up the fight for the failed US maker of electric vehicles.

Wanxiang sweetened its bid with an additional US$10 million in cash, raising what it hopes will be the starting bid in a competitive auction to about US$35.7 million.

9 Jan 2014 - 11:34pm

Fisker asks US court to shut out mainland suitor and approve its sale to Richard Li instead

Fisker has not made its signature Karma vehicle in more than a year. Photo: AFP

Fisker Automotive, the bankrupt maker of a plug-in hybrid sports car, asked a US federal judge to approve its proposed sale to Hong Kong businessman Richard Li Tzar-kai rather than a mainland Chinese suitor that Fisker alleged was to blame for its failure.

4 Jan 2014 - 2:08am