Wanxiang Group

China's Wanxiang wins bidding for Fisker

6:34 pm U.S. ET | Feb. 14, 2014
China’s Wanxiang Group won an auction for Fisker Automotive with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy. Wanxiang topped Hybrid Tech Holdings during the auction, which began on Wednesday and went through 19 rounds of bidding.... Read More »

 

Fisker bidder taps former Ford of Europe exec Leach to bolster management

Feb. 10, 2014 17:25 CET
A Hong Kong bidder for Fisker has hired former Ford of Europe executive Martin Leach in anticipation of winning a bankruptcy auction for the assets of the defunct maker of a plug-in hybrid sports car.... Read More »

 

Fisker bidder taps former Ford exec Leach to bolster management

11:25 am U.S. ET | Feb. 10, 2014
A Hong Kong bidder for Fisker Automotive has hired former Ford executive Martin Leach in anticipation of possibly winning Wednesday's bankruptcy auction for the assets of the defunct maker of a plug-in hybrid sports car.... Read More »

 

Fisker's remains spark Chinese battle for patent prize

12:34 am U.S. ET | Feb. 6, 2014
Two Chinese-backed companies are locked in a bidding war, culminating next week, to take over bankrupt Fisker Automotive Holdings.... Read More »

 

U.S. judge clears way for China's Wanxiang to bid for Fisker

3:47 pm U.S. ET | Jan. 10, 2014
A federal bankruptcy judge rejected a planned sale of Fisker Automotive to a Hong Kong tycoon, opening the way for China's largest auto parts company to buy the defunct maker of the Karma plug-in hybrid sports car.... Read More »

 

Fisker seeks rejection of Chinese suitor it blames for its bankruptcy

3:49 pm U.S. ET | Jan. 2, 2014
Fisker Automotive, the bankrupt maker of a plug-in hybrid sports car, asked a federal judge to approve its proposed sale to a Hong Kong tycoon rather than a Chinese suitor that Fisker alleged was to blame for its failure.... Read More »

 

Battery maker A123 Systems names new CEO, reorganizes

11:52 am U.S. ET | Oct. 10, 2013
Electric-car battery maker A123 Systems named a new CEO and outlined a new operating strategy as it moves forward after being purchased in bankruptcy by a Chinese company.... Read More »

 

Ex-battery maker B456 wins court approval for bankruptcy plan

3:19 pm U.S. ET | May 20, 2013
B456 Systems, the bankrupt electric-car battery maker formerly called A123 Systems, won court approval of a plan to exit bankruptcy that pays creditors from the proceeds of selling virtually all its assets.... Read More »

 

DUSTIN WALSH

A name change to 456 as easy as 123? Not quite

12:01 pm U.S. ET | April 23, 2013
On March 22, A123 Systems Incorporated became B456 Systems Incorporated. But confusion followed the announcement and continues to follow the battery maker in the wake of its bankruptcy.... Read More »

 

Former A123 battery maker's settlement with Fisker approved

12:19 pm U.S. ET | April 17, 2013
B456 Systems, the bankrupt electric-car battery maker formerly called A123 Systems, received approval of a settlement with Fisker Automotive, reducing its claims by 89 percent to $15 million.... Read More »

 

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