March 06, 2014
Bankrupt Fisker Automotive Holdings Inc. won interim approval Thursday for a new $10.5 million debtor-in-possession package designed to cover the electric-car maker's expenses while it finalizes the sale to a unit of China's Wanxiang Group Corp.
February 18, 2014
A Delaware bankruptcy judge on Tuesday approved the sale of shuttered electric car maker Fisker Automotive Holdings Inc. to a unit of China's Wanxiang Group Corp. for $149.2 million, blessing the result of an auction that boosted its sticker price by nearly $90 million.
February 10, 2014
A Delaware federal judge on Friday denied an appeal by Hybrid Tech Holdings LLC, suitor of Fisker Automotive Holdings Inc., of a bankruptcy court's decision to cap its credit bid at $25 million, keeping the auction for the shuttered electric carmaker on track for Wednesday.
January 17, 2014
A Delaware bankruptcy judge on Friday gave shuttered electric car maker Fisker Automotive Holdings Inc. the green light to auction its assets next month, blessing sale procedures that cast existing suitors Hybrid Tech Holdings LLC and Wanxiang Group Corp. in the unusual role of twin stalking horse bidders.
January 14, 2014
Hybrid Tech Holdings LLC, one bidder for bankrupt Fisker Automotive Holdings Inc., signaled its intention Tuesday to appeal a Delaware bankruptcy court ruling that capped its credit bid at $25 million, arguing that the decision disregards and "undermines the integrity" of the government's distressed loan auction process.
January 13, 2014
Hybrid Tech Holdings LLC on Monday submitted an improved $55 million offer for bankrupt Fisker Automotive Holdings Inc., revving up competition for the electric car maker as it prepares to embark on a court-ordered auction.
January 10, 2014
A Delaware bankruptcy judge put Fisker Automotive Holdings Inc. on the block Friday, rejecting the electric carmaker's plans for a private sale in favor of an competitive auction championed by unsecured creditors.
January 08, 2014
Chinese auto giant Wanxiang Group Corp. has boosted its offer for Fisker Automotive Holdings Inc. by $10 million, but the bankrupt electric car maker intends to proceed with a planned asset sale this week to debt holder Hybrid Tech Holdings LLC, a Delaware bankruptcy judge heard Wednesday.
January 02, 2014
A Delaware bankruptcy judge on Thursday agreed to delay a hearing on the proposed sale of electric car maker Fisker Automotive Holdings Inc. so parties could evaluate an eleventh hour, $25.7 million offer from Chinese auto giant Wanxiang Group Corp.
December 10, 2013
Fisker Automotive Holdings Inc. won approval for its disclosure statement Tuesday, after unsecured creditors assured a Delaware bankruptcy judge they were on board with the shuttered car maker's high-speed agenda to wrap up a sale and Chapter 11 plan just after New Year's.