Wanxiang Group makes surprise bid for bankrupt Fisker

By zoeapostolides2014-01-06T14:33:27

China’s largest automotive parts company, the Wanxiang Group Corporation, made an unexpected last-minute bid for bankrupt carmaker Fisker Automotive at the beginning of January. The company said its initial bid would be worth $24.7m adding that it had agreed to shoulder some of Fisker’s liabilities. Hangzhou-based Wanxiang said that if ...

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