Report: Fisker Automotive Sold To Hong Kong Billionaire Richard Li

Posted by Soulskill on Friday October 18, 2013 @03:44AM from the return-on-investment dept.

cartechboy writes "It looks like an investor group led by Hong Kong tycoon (and early Fisker investor) Richard Li is the likely winner of a government loan owed by Fisker Automotive, the dormant maker of plug-in hybrid sports cars. Buying the loan would allow Li to try and restructure the company even as it's still at risk for bankruptcy. The originally company won a $529 million government loan in 2009, took venture capital investment, and created a lot of buzz around its flagship car, the $100,000 Karma plug-in hybrid. But the company had delays launching the car, struggled financially and has not built any cars since July of 2012. Is Li the new savior?"

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Asian Buyers Are Stepping up to luxury by BoRegardless · 2013-10-18 04:03 · Score: 4, Insightful

Look where the billionaires are piling up and those who work for them trying to emulate their status.
Look where Burberry mushroomed their sales.
Li has it right.