Henrik Fisker wants to buy back Fisker

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Henrik Fisker has teamed up with Hong Kong billionaire Richard Li to try and save the Fisker Car Company from bankruptcy.

The resignation of Henrik Fisker in March from the eponymous company he worked so hard to build in to a credible ‘Green’ car company precipitated the meltdown of Fisker, which now stands on the edge of bankruptcy over $171 million owed to the US government. But Henrik Fisker has a plan.

He’s teamed up with Hong Kong billionaire Richard Li – a Fisker investor – to try and buy the US government debt and save Fisker from being crushed by bankruptcy.

Reuters report the plan is to pay somewhere between $25-$30 million for the outstanding loans – a big hit for the US government – but it’s probably a lot more than Fisker would yield if it’s broken up.

The offer by Fisker and Li seems to be more substantial than a similar offer from a group put together by former GM man Bob Lutz, which appears to be offering closer to $20 million to clear the outstanding loans.

Even if the US government is prepared to sell the loans off cheaply – and with two players in the frame it seems likely any settlement will be above the figures already mentioned – Fisker still faces a huge mountain of problems to regain credibility and pay suppliers.

But it does look as if there’s a chance that Henrik Fisker’s dream may be rescued from ignominy.