Fisker pausing production until A123 sale is finalized
Fisker, which stopped production about six months ago, will continue to be in limbo until China-based Wanxiang Group gains control over A123. Wanxiang, which was bidding against companies such as US-based Johnson Controls, reached an agreement through the Delaware bankruptcy court earlier this week to acquire A123 Systems for $256.6 million. That agreement has been questioned by a number of members of Congress who fear China may gain access to US trade secrets because of the acquisition.
Fisker isn't looking for another battery supplier because it has enough of a supply of cars, Automotive News says, citing an interview Reuters conducted with Fisker spokesman Roger Ormisher.
Last month, Fisker chief Tony Posawatz said Fisker had stopped production because A123 Systems' Michigan plant stopped making lithium-ion batteries for the Karma, so all available batteries were being earmarked as potential replacements for Karmas already on the road.
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