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After months of suspense, the Fisker saga has finally come to an end with the automaker filing for Chapter 11 bankruptcy in an effort to sell all its assets to Hybrid Technology, an investment firm headed by Hong Kong billionaire Richard Li, who owns the largest telecom company in that country.
Li currently ranks as the 792th richest man in the world according to Forbes. He also got his Canadian citizenship in the 1980s.
“After having evaluated and pursued all other alternatives, we believe the sale to Hybrid and the related Chapter 11 process is the best alternative for maximizing Fisker Automotive's value for the benefit of all stakeholders,” said Marc Beilinson, Fisker Automotive's Chief Restructuring Officer. “We believe that the Fisker Automotive technology and product development capability will remain a guiding force in the evolution of the automotive industry under Hybrid's leadership.”
Li currently ranks as the 792th richest man in the world according to Forbes. He also got his Canadian citizenship in the 1980s.
“After having evaluated and pursued all other alternatives, we believe the sale to Hybrid and the related Chapter 11 process is the best alternative for maximizing Fisker Automotive's value for the benefit of all stakeholders,” said Marc Beilinson, Fisker Automotive's Chief Restructuring Officer. “We believe that the Fisker Automotive technology and product development capability will remain a guiding force in the evolution of the automotive industry under Hybrid's leadership.”
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| Photo: Fisker Automotive |