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.
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.
Wanxiang says it would build next-gen Fisker EV in Delaware
That’s music to the ears of Delaware politicians, who announced with great fanfare in 2009 that Fisker would revive vehicle production.
Chinese auto parts maker increases bid for Fisker
The fight heats up for troubled electric car maker.
Judge approves initial motions in Fisker Automotive bankruptcy
A bankruptcy hearing for the troubled electric car-maker has been fast-tracked, scheduled for Jan. 3.
US Energy Dept loses $139M in sale of Fisker loan
The troubled electric car-maker received loans worth $192 million before funds were suspended in 2011.
Energy Department seizes $21M from electric car maker Fisker
Troubled automaker has not built a car since the summer of 2012.
Fisker names former GM EV head its new CEO
Tony Posawatz led GM’s development of its electric Chevrolet Volt.
Fisker lays off workers before Nina production begins
The electric car maker, which was granted a $529-million loan by the U.S government, has laid off employees before producing one vehicle.