Bid For Tesla Motors Inc (TSLA) Rival Fisker Raised By Wanxiang

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Bid For Tesla Motors Inc (TSLA) Rival Fisker Raised By Wanxiang
Blomst / Pixabay

China’s Wanxiang Group has raised its offer for Fisker Automotive, which is a close rival of Tesla Motors Inc (NASDAQ:TSLA), making it even more complex for the struggling electric vehicle company, says a report from Mercurynews.  Wanxiang added $10 million in cash to its previous bid.

Fisker prefer Hybrid over Wanxiang

According to an attorney of Fisker’s official committee of unsecured creditors, Wanxiang may increase the bid if the judge approves a competitive auction for Fisker.

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