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.
Quick sale of the electric vehicle manufacturer remains on track.
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 manufacturer has produced no vehicles, 75% of the workers are laid off.
Obama administration was warned in 2010 the electric car maker was missing milestones.
Troubled automaker has not built a car since the summer of 2012.
Cites differences on business strategy with management.
Luxury electric-car maker says an August fire in California wasn’t caused by lithium-ion battery.