Purchase of Fisker Automotive, the electric carmaker and recipient of a loan from the Department of Energy, has been pursued by German company Fritz Nol, in the amount of a reported $25 million, according to Reuters.
Fritz Nol would plan to continue production on the carmakers Karma model, along with other vehicle models.
Hybrid automaker weighs bids from several suitors, including Dongfeng Motor Corp.
New owner could revive Fisker Automotive.
Luxury vehicle manufacturer to develop second model line, the Fisker Atlantic.