Fisker Automotive Inc.
, the California-based maker of rechargeable cars, said it’s awaiting a sale of the Michigan plant that makes lithium-ion batteries for its Karma so it can resume production of the plug-in sedan.
A123 Systems Inc. (AONEQ), Fisker’s sole battery supplier, filed for bankruptcy in October, halting Karma assembly for the past month, Chief Executive Officer Tony Posawatz said yesterday at the Los Angeles Auto Show. A123 is to sell assets, including the Michigan plant, at a Dec. 6 auction, where Johnson Controls Inc. (JCI) and China’s Wanxiang Group Co. are to be among bidders.
“Because we have no batteries, there’s no production right now. Inventory is starting to get a little low,” Posawatz said in an interview, without elaborating. “We’d like to restart production as quickly as possible. We should know the outcome of the auction by the middle of December.”Read Article