The final chapter on Fisker Automotive closed last week when the sale of the Delaware plant the defunct electric vehicle maker bought to make its second-generation vehicle was sold for $18 million.
The plant was sold for the same amount it was purchase by WX Delaware Real Estate Holding Co., which is a subsidiary of Wanxiang America, Inc., according to USA Today.
Wanxiang America, a unit of China’s largest auto parts supplier, won an auction for Fisker in bankruptcy court last month for $149.2 million. It outbid another Chinese company, Hybrid Tech Holdings L.L.C., for the assets. Hybrid bought the Fisker’s loan from the U.S. Department of Energy, hoping to leverage that ownership into getting the entire company. (more…)