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25th
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Fisker Automotive announced on Monday that it has sold all of its assets to an affiliate of Wanxiang America Corp. for approximately $150 million.
“The completion of this transaction represents a significant achievement and is a great result for all Fisker Automotive stakeholders,” said Marc A. Beilinson, Fisker Automotive's Chief Restructuring Officer. “This successful outcome would not have been possible without the productive support from Wanxiang, our Creditors' Committee, and their advisors.”
“The completion of this transaction represents a significant achievement and is a great result for all Fisker Automotive stakeholders,” said Marc A. Beilinson, Fisker Automotive's Chief Restructuring Officer. “This successful outcome would not have been possible without the productive support from Wanxiang, our Creditors' Committee, and their advisors.”
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| Photo: Fisker |