Mexican Media Brands
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.
#hybrid
Share
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.
RELATED CONTENT
-
Frito-Lay, Transportation and the Environment
Addressing greenhouse gas reduction in the snack food supply chain
-
UPS to Test Electric Delivery Truck
United Parcel Services of America Inc. is partnering with Los Angeles startup Thor Trucks Inc. to test a fully electric Class 6 delivery truck.
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.