competitive auction
Wanxiang wins Fisker assets after quadruppling cash bid to $149M
The Chinese auto-parts conglomerate beat out Hybrid Technology, which is led by Hong Kong billionaire Richard Li.
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Judge orders auction for Fisker, rejects private sale to Hybrid
Bankruptcy judge Kevin Gross refused to accept Hybrid’s plan to use $75 million it says it’s owed as Fisker’s senior secured lender as a credit bid for Fisker’s assets.
