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Fisker Asset Auction Set for Feb. 12
An auction in New York City next month will determine who acquires the assets of bankrupt hybrid car maker Fisker Automotive Inc.
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An auction in New York City next month will determine who acquires the assets of bankrupt hybrid car maker Fisker Automotive Inc.
The federal judge handling the bankruptcy has set a Feb. 12 date for the auction between Hong Kong-based Hybrid Technology Holdings LLC and Chinese partsmaker Wanxiang Group.
Any other bidders must register with the court by Feb. 7. The judge also reiterates that all bids must include some cash. Hybrid Technology, which is backed by Hong Kong tycoon Richard Li, had proposed funding its bid by forgiving some of what Fisker owes on a $168 million secured loan.
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