Fisker Karma has asked for the bankruptcy auction of the automotive battery maker A123 Systems to be delayed. The request for the dates of the bid deadline, auction and other related events to be pushed back by at least 30 days comes just about two weeks after A123 Systems declared bankruptcy.     

A Fisker attorney, Gregg Galardi, said in filed court papers, “A hurried sale process will be damaging to the estates and deprive creditors of value that may be realized through higher and better offers.”

The collapse of another green company that had been a recipient of taxpayer moneys is not merely politically troubling, but also an ill omen for both the Fisker Karma and the Chevrolet Volt, two vehicles powered by A123 Systems batteries.

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