China’s Wanxiang Group won an auction for Fisker Automotive Holdings Inc., the maker of luxury plug-in hybrid cars, with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy.
The winner between two Chinese- backed bidders for assets of bankrupt electric-car maker Fisker Automotive Inc. will have to keep manufacturing and research in the U.S., Energy Secretary Ernest Moniz said.
Fisker Automotive Inc. founder Henrik Fisker and the hybrid carmaker’s former directors were sued by investor Atlas Capital Management LP over $2 million in losses it allegedly suffered in the bankrupt company’s collapse.
Fisker Automotive Inc. creditors opposed the proposed sale of the bankrupt electric car maker’s assets to Hybrid Tech Holdings LLC and said it should be conducted through a competitive bidding process.
Fisker Automotive Inc., the maker of plug-in luxury sports cars, named an industry veteran its new chief executive officer and said it may turn to private investors to restart a stalled Delaware plant project.
Fisker Automotive Inc., a California maker of plug-in hybrid sports cars, wants to put scrutiny of a federal loan to build rechargeable vehicles behind it as the company ramps up U.S. deliveries of $102,000 Karma sedans.
Fisker Automotive Inc., maker of plug-in luxury cars, is considering building its second model overseas instead of following through on a U.S.-backed plan to use a Delaware plant, Chief Executive Officer Tom LaSorda said.
A123 Systems Inc., the electric-car battery maker that filed for bankruptcy this week, had promising chemistry and marquee customers. What it couldn’t overcome, even with government funding, were missteps in manufacturing.