Thursday, January 2, 2014

Fisker Automotive Gets Bid Interest From Wanxiang Group

The fate of bankrupt electric auto developer Fisker Automotive continues to be in flux, as a report today from the Boston Globe said that Chinese company Wanxiang Group is looking to make a bid on Fisker Automotive, and has asked a judge to open up auctions for the remains of the company. Fisker has been working its way through bankruptcy, with plans most recently to sell its assets to Hong Kong's Hybrid Tech Holdings. Wanxiang Group is the owner of former Fisker Automotive battery supplier A123 Systems.

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