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By Mark Davis
The nation founders, the Lone Star State thrives
Topic - Wanxiang Group Corp.
A Delaware bankruptcy judge on Friday set a Feb. 12 auction date for Fisker Automotive, with two rival groups sharing initial bidding status for the remaining assets of the failed electric-vehicle maker.
DOVER, Del. (AP) — A Chinese auto parts conglomerate that wants to buy failed electric-vehicle manufacturer Fisker Automotive says it would build next-generation Fisker cars in Delaware if there is sufficient consumer demand.
Democratic and Republican politicians alike hailed the news in 2009 that U.S. battery maker A123 Systems had won a quarter-billion-dollar federal grant, but just three years later, the company finds itself bankrupt and the target of a buyout by a Chinese competitor.