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- Obama goes shopping at Gap as minimum-wage thanks
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- CIA chief Brennan ‘determined’ to speak out more this year
- Reset? What reset? U.S.-Russia ties at worst since Cold War
- 9/11 terror recruiter released in Syrian prisoner swap
- D.C. elections board gives green light to marijuana legalization initiative
- Elephants can tell difference between human languages: study
An America drowning in red ink is the land of the free no more
Topic - Wanxiang Group Corp.
The bankruptcy auction of the failed electric-vehicle maker Fisker Automotive remains on track after a federal district court judge's ruling Friday.
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.
A judge approved a deal Tuesday for a Chinese company to buy the assets of a bankrupt U.S. battery maker that won a quarter-billion-dollar grant from the federal government just three years ago.
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.
The recent bankruptcy of battery maker A123 Systems after it won a nearly quarter-billion-dollar federal grant threatens the business prospects of another well-known government-backed company: luxury car manufacturer Fisker Automotive.