Deals
Fisker Automotive Receives $55 Million Bid From Hybrid
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Fisker Automotive Inc., the bankrupt maker of hybrid luxury cars, received a $55 million offer for its assets from Hybrid Tech Holdings LLC as an auction looms.
U.S. Bankruptcy Judge Kevin Gross in Wilmington, Delaware, may set a date for the auction as soon as today. Hybrid, controlled by Richard Li, son of Hong Kong’s richest man, said it would pay $25 million through a credit bid and the rest in cash, according to court papers filed today.