It looks like Beijing Automotive Industry Holding Corp. (BAIC), which was recently reported to be taking a look at unnamed European automakers for a potential acquisition, has come to this side of the Pond. The latest news is that BAIC is targeting extended-range plug-in vehicle maker Fisker Automotive for a possible buyout, Automotive News China reports, citing various Chinese media sources. BAIC executives visited Fisker's offices in Southern California last week, according to Automotive News China. The Chinese-government owned automaker is said to be particularly interested in the Fisker Atlantic, a less-expensive alternative to the $100,000-plus Karma that hasn't yet seen the light of day.

Late last month, BAIC was reportedly considering buying one of three European automakers as a way to meet its goal of selling 400,000 vehicles outside of China by the end of the decade. The company, which partners with Mercedes-Benz parent Daimler and Hyundai to build certain models in China, was reported at one time to be looking at Saab as a possible acquisition target.

Meanwhile, Delaware Governor Jack Markell, whose state set up $21.5 million in loans and grants for future production of the Atlantic at an old General Motors factory, recently said he expected Fisker to declare bankruptcy. Fisker halted production of the Karma last year after being granted a $529-million loan from the US Department of Energy. About $300 million of those funds were frozen after the company missed production quotas.


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    • 1 Second Ago
  • 18 Comments
      Smoking_dude
      • 2 Years Ago
      It is sad that fisker failed. really I mean it. I liked the car, even the huge Cheshire Cat grille. I know what is going to happen. Fox news will make a big story. The Tea party will spew their hate. It is obamas fault. the chinese are evil.. sigh. Well I relly hope that fisker or parts of it can be saved and we will see some cars on the road.
      EVnerdGene
      • 2 Years Ago
      I hope it sells soon. I hope the buyer is successful. I hope the national-debt funded DOE loan is repaid at the time of sale. I hope the DOE doesn't make another - without technical merit, politically corrupt, dumbass loan - like this one ever again.
      Spec
      • 2 Years Ago
      Someone should buy the car design for very cheap and then stuff it with batteries to come up with a Tesla competitor instead of the kludgey fire-prone Fisker designs. The car design is beautiful . . . the drivetrain sucked.
        otiswild
        • 2 Years Ago
        @Spec
        I dunno, I think the Model S is a more attractive design overall, and the front end of the Fusion or Maxima is nicer than Fisker's.
        raktmn
        • 2 Years Ago
        @Spec
        The cause of the fire was a electric cooling fan for the gas motor. It was fixed in every Karma. Why even bring up a problem that has been 100% resolved? That's petty. If we look at the BMW i3 buzz, all signs point towards a charging motor being a highly desired feature for many buyers; with price being a significant factor. If anyone wants to buy Fisker, it should be to immediately move forward with their cheaper Atlantic design and getting it to market.
          Letstakeawalk
          • 2 Years Ago
          @raktmn
          I'm not sure why Spec's being such a tool. Lots of cars caught fire due to electrical shorts after being submerged during Sandy.
          Spec
          • 2 Years Ago
          @raktmn
          Did that cause all of the different fires including the one from Sandy Hurricane?
        raktmn
        • 2 Years Ago
        @Spec
        Spec, have you been drinking? I know you know the answer to your own question. I respect you too much to try and tell you something you already know.
          Spec
          • 2 Years Ago
          @raktmn
          No. I just think the Fisker Karma is not a well-engineered car. Even if we ignore the fires, when the car works perfectly well it is too heavy and got terrible MPG on gasoline. The user interface was apparently buggy and kludgy. Maybe they are getting more heat from the fire issue than they deserve . . . but it was piled on top several other issues (Bad UI, consumer reports debacle, poor specs, delays, etc.) It is kind of a fish or cut bait time for Fisker and I think it is time to cut bait. The DoE wisely made the call many months back and I don't feel any reason to defend Fisker considering they seem to bring more scorn upon plug-in cars than praise.
          raktmn
          • 2 Years Ago
          @raktmn
          Yes, the Karma had each of those legitimate problems. So why then jump from there to trying to make a big deal out of fire when you actually know it is a bogus attack, especially now that the fan issue has been 100% fixed? I agree that Fisker should cut bait on the Karma for all of those issues you listed. That's why anyone buying this company should go straight to Atlantic production and leave the Karma behind, the way Tesla left the Roadster behind and still moved forward into a very successful company.
          EVnerdGene
          • 2 Years Ago
          @raktmn
          err, maybe because the Atlantic will take another billion (with a b) to take to market
      Giza Plateau
      • 2 Years Ago
      I should qualify that I mean the design is a very large car with a small cabin which resulted in very high weight. The design could be used in a completely reengineered car that weighs much less and that way make it viable. Then it could probably be fairly successful despite the ridiculous proportions. But who has the brains to understand the need for low weight and engineer it accordingly... So effectively there is nothing there worth preserving.
      • 2 Years Ago
      Spec, the fires caused by Hurricain Sandy were due to being submerged in salt water and subsequent short in a conventional 12v battery that all cars have. This fire wasn't unique to Fisker with cars of multiple major manufacturers including Toyota catching fires. As far as other Fisker fires go- there were only 2 cars to ever catch on fire secondary to the fault in a cooling fan. The cause was IDed after the 2nd car caught on fire and was immediately remedied in all cars. That's the complete summary of Fisker fires. BTW, there are hundreds ( great understatement ) of conventional cars that catch on fire weekly without successful recall to remedy the problem as was in Fisker's case. It will suck if they completely disappear.
        Nick Kordich
        • 2 Years Ago
        Bob, one correction there: the second fire (in a parking lot in Woodside, California) was determined to be caused by the fan - specifically, a defect and the lack of a redundant fuse. The first fire (in a garage, in Sugar Land, Texas) was not determined to be connected to the cooling fan. After the fan was determined to be the cause of the Woodside fire, Fisker Automotive said of the Sugar Land fire "the real root cause is unlikely to be determined." It's possible that the fan was the cause, but it's also possible it wasn't. http://www.autonews.com/article/20120818/OEM11/120819857#axzz2ZHSP3nJJ I have the impression that Fisker's investigators might not have gotten along as well with the Texas fire authorities as they did with the California ones. The two had publicly come out with opposing speculations when the fire first hit the news. Fisker immediately speculated about arson or fireworks, while the chief investigator publicly jumped to the assumption the cause was the high-voltage battery because it reminded him of golf cart fires he had seen; Fisker later said the battery was completely intact and in full working condition).
      dlubeck_mbz
      • 2 Years Ago
      I can't believe this is still going on! I thought they would have filed bankruptcy a long time ago. A company with experience and a great management team needs to buy the design and be done with it. It's unfortunate, but the Fisker name has pretty much been smeared. Why would anyone want to buy a car from a company that has mismanaged funds and deserted their loyal customers!
        Giza Plateau
        • 2 Years Ago
        @dlubeck_mbz
        There is nothing of value to continue there. Not the design, not anything. Maybe some surplus batteries for DIYers to play with.
      Levine Levine
      • 2 Years Ago
      Fisker was a scam from the very beginning. Only the CEOs, the founders, benefited from all the free money from stupid investors and government entities.
      Thereminator
      • 2 Years Ago
      IT LIVES!!! : )
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