Deals
Fisker Files for Bankruptcy, Plans to Sell Assets to Hybrid Tech
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Fisker Automotive Inc., whose $103,000 luxury hybrid car was driven by celebrities including Justin Bieber and Leonardo DiCaprio, filed for bankruptcy with plans to sell itself to Hybrid Tech Holdings LLC.
The Anaheim, California-based company listed assets of as much as $500 million and debt of as much as $1 billion in a Chapter 11 petition filed yesterday in U.S. Bankruptcy Court in Wilmington, Delaware. Assets include a shuttered General Motors Co. factory in Wilmington that Fisker had planned to reopen.