China’s Wanxiang Group won an auction for the assets of Fisker Automotive Holdings Inc., the bankrupt maker of luxury plug-in hybrid cars.
Fisker sought creditor protection in November after defaulting on a loan from the U.S. government without making a payment.
The company had drawn about $192 million from a federal program.
DEMOCRAT
http://www.bloomberg.com/news/2014-02-14/wanxiang-s-149-million-fisker-bid-tops-hybrid-tech-in-auction.html
Fisker sought creditor protection in November after defaulting on a loan from the U.S. government without making a payment.
The company had drawn about $192 million from a federal program.
DEMOCRAT
http://www.bloomberg.com/news/2014-02-14/wanxiang-s-149-million-fisker-bid-tops-hybrid-tech-in-auction.html
