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paologorgo

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paologorgo

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Wednesday, 05/22/2013 12:58:18 AM

Wednesday, May 22, 2013 12:58:18 AM

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Exclusive: Bob Lutz, Chinese in bid to buy Fisker Automotive

VL Automotive and China's Wanxiang Group are looking to gain control of Fisker through a prepackaged bankruptcy. This comes alongside a separate push by investors in Europe and Hong Kong, including billionaire Richard Li, to buy out the U.S. Department of Energy's position in Fisker.

Wanxiang bought Fisker's lithium-ion battery supplier, A123 Systems Inc, out of bankruptcy.

http://finance.yahoo.com/news/exclusive-chinese-supplier-vl-automotive-174259758.html
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