Wanxiang Wins Fisker Bankruptcy Auction

Chinese auto parts maker Wanxiang Group Corporation won a bankruptcy auction for the assets of Fisker Automotive, in a transaction that includes the acquisition of Fisker’s Wilmington, Delaware plant. Wanxiang’s bid has been valued at approximately $149.2 million, representing $126.2 million of cash, $8 million of assumed liabilities, and a contribution of common equity in an […]