Henrik Fisker wants to buy back Fisker

The resignation of Henrik Fisker in March from the eponymous company he worked so hard to build in to a credible ‘Green’ car company precipitated the meltdown of Fisker, which now stands on the edge of bankruptcy over $171 million owed to the US government. But Henrik Fisker has a plan.

He’s teamed up with Hong Kong billionaire Richard Li – a Fisker investor – to try and buy the US government debt and save Fisker from being crushed by bankruptcy.

Reuters report the plan is to pay somewhere between $25-$30 million for the outstanding loans – a big hit for the US government – but it’s probably a lot more than Fisker would yield if it’s broken up.

The offer by Fisker and Li seems to be more substantial than a similar offer from a group put together by former GM man Bob Lutz, which appears to be offering closer to $20 million to clear the outstanding loans.

Even if the US government is prepared to sell the loans off cheaply – and with two players in the frame it seems likely any settlement will be above the figures already mentioned – Fisker still faces a huge mountain of problems to regain credibility and pay suppliers.

But it does look as if there’s a chance that Henrik Fisker’s dream may be rescued from ignominy.

By Cars UK