Auction participants: Wanxiang wins Fisker assets after quadrupling cash bid to $149 million

  • by: RANDALL CHASE , Associated Press
  • Updated: February 14, 2014 - 5:01 PM

DOVER, Del. — Participants in a bankruptcy auction for failed electric-vehicle maker Fisker Automotive say Chinese auto-parts conglomerate Wanxiang Group quadrupled the cash portion of its bid to $149 million to win the auction.

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