Wanxiang Approved To Take Over Hybrid Maker Fisker Auto

Now watching

Next video starts in : 7 Play

Wanxiang Approved To Take Over Hybrid Maker Fisker Auto

Wanxiang Approved To Take Over Hybrid Maker Fisker Auto
Replay video
Up next

AirAsia Plane Carrying 162 Lost; 3rd Malaysia Airline Shock

Unlock your personal NFL Now stream by signing in to NFL.com

Wanxiang Approved To Take Over Hybrid Maker Fisker Auto

by Wochit 0:33 mins

Wanxiang Approved To Take Over Hybrid Maker Fisker Auto

by Wochit 0:33 mins

China's Wanxiang Group won court approval Tuesday to take over failed luxury hybrid maker Fisker Automotive Inc. after successfully outbidding Hong Kong billionaire Richard Li in an auction. Mr. Li's takeover vehicle, Hybrid Tech Holdings, signaled it would move to collect most of the $149.2 million Wanxiang is paying, exercising its rights as Fisker's senior secured lender to trump the claims of Fisker's unpaid suppliers.

Wochit

Must Watch

  1. 1:05

    Victoria’s Secret’s Hot ‘Top Gun’ Volleyball Game

  2. 5:14

    The Funniest Tweets About 'The Dress'

  3. 1:53

    Leonard Nimoy’s Memorable TV Moments

  4. 3:09

    Meghan Trainor - Meghan Is Coming to #YahooLive on Mar 4th

  5. 1:54

    What Color Is This Dress?

Community

  1. 3:05

    Community 501 - Season 5: Super Seniors

  2. 2:30

    Community 401 - Season 4: Senior Year

  3. 3:05

    Community 301 - Season 3: Junior Year

  4. 2:56

    Community 201 - Season 2: Sophomore Year

  5. 3:02

    Community 101 - Season 1: Freshman Year

  6. 2:00

    Community Cast Announce the Season 6 Premiere Date