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Bankrupt Fisker sells assets to China's Wanxiang

The one-time star electric carmaker Fisker Automotive said Monday it sold "substantially all" of its assets to the Chinese auto parts group Wanxiang for $150 million. The news came after last year's bankruptcy filing by Fisker, whose sleek, sporty electric cars caught the eye of Justin Bieber and other celebrities. A brief statement by Fisker said the deal was completed with Wanxiang America Corp.

Fisker and new Chinese owner to restart Karma production this year

By Norihiko Shirouzu BEIJING (Reuters) - U.S.-based Fisker Automotive, which has been acquired by China's largest auto parts company, plans to restart production of its Karma plug-in hybrid luxury car "within a year" and will also complete the half-finished development of a second model, according to a senior executive.

Delaware bankruptcy judge approves sale of Fisker Automotive assets to Wanxiang

WILMINGTON, Del. - A Delaware bankruptcy judge has approved the sale of the remaining assets of failed electric-vehicle maker Fisker Automotive to Chinese auto-parts conglomerate Wanxiang Group. In an auction stretching over three days last week, Wanxiang beat out Hybrid Technology, led by Hong Kong billionaire Richard Li, with a final bid of $149.2 million in cash and other considerations. The judge approved the asset sale at a court hearing Tuesday.

Wanxiang wins Fisker bankruptcy auction with $149 million bid

DOVER, Del. - A hard-fought auction for the remaining assets of failed electric-vehicle maker Fisker Automotive ended Friday with a winning bid by Chinese auto-parts conglomerate Wanxiang Group. Wanxiang beat out Hybrid Technology, led by Hong Kong billionaire Richard Li, with a final bid of $149.2 million in cash and other considerations, including Fisker's plant in Wilmington, Del.

Auction participants: Wanxiang wins Fisker assets after quadrupling cash bid to $149 million

DOVER, Del. - Participants in a bankruptcy auction for failed electric-vehicle maker Fisker Automotive say Chinese auto-parts conglomerate Wanxiang Group quadrupled the cash portion of its bid to $149 million to win the auction. Two people who took part in the auction said Friday that Wanxiang beat out Hybrid Technology, led by Hong Kong billionaire Richard Li. The auction participants spoke on condition of anonymity because an official statement has not yet been released.

Delaware bankruptcy judge will weigh results of auction of Fisker Automotive assets

WILMINGTON, Del. - A Delaware bankruptcy judge is preparing to consider whether to approve a sale of the remaining assets of failed electric-vehicle maker Fisker Automotive. A hearing on whether to confirm the results of an auction of Fisker's assets was scheduled for Friday in Wilmington. But the auction, which began Wednesday, was still going on Thursday night, meaning the court hearing might be postponed. The auction pitted Hybrid Technology, led by Hong Kong billionaire Richard Li, against Chinese auto-parts conglomerate Wanxiang Group Corp.

Hybrid Technology now offering $55M for failed electric-car maker Fisker in fight vs Wanxiang

WILMINGTON, Del. - Hybrid Technology, led by Hong Kong billionaire Richard Li, has bid $55 million for Fisker Automotive's assets, just days after a bankruptcy judge in Delaware rejected Hybrid's plan to take over the failed electric-vehicle maker in a private sale.

Bankruptcy judge orders auction for electric auto maker Fisker, rejects private sale to Hybrid

WILMINGTON, Del. - A Delaware bankruptcy judge on Friday ordered a competitive auction for the assets of Fisker Automotive, rejecting a proposal by a group led by Hong Kong billionaire Richard Li to assume control of the failed electric auto manufacturer in a private sale.

Wanxiang holds out possibility of Fisker car production in Delaware as part of bankruptcy bid

DOVER, Del. - A Chinese auto parts conglomerate that wants to buy failed electric-vehicle manufacturer Fisker Automotive says it would build next-generation Fisker cars in Delaware if there is sufficient consumer demand. Wanxiang Group Corp. outlined its intentions in a court filing late Wednesday as it pushes for a competitive auction of Fisker's remaining assets. In an order issued late Thursday in advance of a scheduled Friday hearing, the judge presiding over Fisker's bankruptcy suggested that Wanxiang's proposal for an open bidding process is worth considering.

Wanxiang holds out possibility of Fisker car production in Delaware as part of bankruptcy bid

DOVER, Del. - A Chinese auto parts conglomerate that wants to buy failed electric-vehicle manufacturer Fisker Automotive says it would build next-generation Fisker cars in Delaware if there is sufficient consumer demand. Wanxiang Group Corp. outlined its intentions in a court filing late Wednesday as it pushes for a competitive auction of Fisker's remaining assets.
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