Reuters: Bankruptcy News: UPDATE 1-Bob Lutz, Chinese parts maker offer $20 mln for Fisker -sources

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UPDATE 1-Bob Lutz, Chinese parts maker offer $20 mln for Fisker -sources May 22nd 2013, 19:18 Wed May 22, 2013 3:18pm EDT DETROIT May 22 (Reuters) - China's largest auto parts maker and a boutique car company led by former General Motors Co executive Bob Lutz have offered $20 million to buy "green" carmaker Fisker Automotive, people familiar with the matter said on Wednesday. Wanxiang and VL Automotive are looking to buy Fisker, which has not built a car since July, through a prepackaged bankruptcy deal. A separate team of investors is looking to buy out the U.S. Department of Energy's position in Fisker. A spokesman for VL Automotive declined to comment. Pin Ni, president of Wanxiang's U.S. division, and representatives for Fisker were not immediately available to comment. Since 2007, Fisker has raised $1.2 billion in private funds and owes the DOE about $171 million in loans.

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