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Wanxiang wins bid for Fisker at $149.2 million

Fisker Automotive has been sold, ladies and gentlemen. According to Automotive News, Wanxiang from China won the company after a few tense days of bidding between it and Hybrid Tech Holdings from Hong Kong. The winning bid came in at $149.2 million, which, rather interestingly, is almost six times the amount Fisker itself sought to recover from bankruptcy.

http://green.autoblog.com/2014/02/15/wanxiang-wins-bid-for-fisker-at-149-million/?ncid=txtlnkusaolp00000588