A123’s owner bids for bankrupt car maker Fisker



Battery maker A123 Systems, which had its own brush with bankruptcy in 2012, wants to buy bankrupt car maker Fisker. The independent A123 made batteries for Fisker’s hybrid Karma car, but was acquired by Wanxiang Group of Hangzhou, China at auction after the bankruptcy filing. A123 is now part of Wangxiang’s U.S. subsidiary, which wants to purchase the car maker.

Both Fisker and A123 received grant or loan money from the U.S. Department of Energy.

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