New Fisker Owner Betting The Farm On Green Success

The billionaire businessman behind the purchase of beleaguered electric vehicle brand Fisker has vowed to make it a success - or go broke trying.

Founded by designer Henrik Fisker, the Fisker company battled through failed technology alliances and controversial fire issues before finally going bankrupt around one year ago.

Now, new owner Lu Guangiu, with an estimated $3.3 billion fortune to his name, has vowed to spend whatever it takes to transform Fisker into a genuine success and a rival to Tesla Motors, the darling of the electric vehicle movement.