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Wanxiang makes bid for US car company

By He Wei in Shanghai | 皇冠体育app Daily | Updated: 2014-01-03 07:42

皇冠体育app's largest auto parts manufacturer, Wanxiang Group Corp, has made a last-minute bid for a United States-based alternative-fuel car producer.

The move follows the Chinese company's earlier acquisition of US battery producer A123 Systems Inc, a regular supplier of Fisker Automotive Inc, for which Wanxiang America Corp is considering a bid in a proposed auction.

Fisker creditors asked the US Bankruptcy Court in Wilmington, Delaware, to scrap Fisker's agreed sale with a company affiliated with Hong Kong tycoon Richard Li and instead hold an open auction at which Wanxiang's US arm plans to bid, according to Reuters.

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