China’s Wanxiang Group has emerged as the winning bidder for Fisker’s assets, agreeing to pay $149.2 million for the American electric automaker.
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Fisker has filed for Chapter 11 bankruptcy protection as part of a restructuring plan and sale to an investor group.
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Beleaguered American electric automaker Fisker still hasn’t found a suitable buyer, though that may have just changed.
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Fisker’s fall from grace is well documented, and it appears that the value of the company is plummeting in the eyes of potential buyers.
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China’s Geely was expected to finalize the sale of Fisker by mid-March, but the Chinese firm will no longer bid for a majority stake in the troubled American electric automaker.
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