The Chinese auto-parts conglomerate beat out Hybrid Technology, which is led by Hong Kong billionaire Richard Li.
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.
That’s music to the ears of Delaware politicians, who announced with great fanfare in 2009 that Fisker would revive vehicle production.
The fight heats up for troubled electric car maker.
A bankruptcy hearing for the troubled electric car-maker has been fast-tracked, scheduled for Jan. 3.
The troubled electric car-maker received loans worth $192 million before funds were suspended in 2011.
Troubled automaker has not built a car since the summer of 2012.
Tony Posawatz led GM’s development of its electric Chevrolet Volt.
The electric car maker, which was granted a $529-million loan by the U.S government, has laid off employees before producing one vehicle.