US judge rejects Richard Li's Fisker bid, allows China's Wanxiang to bid

A US judge rejected a planned sale of Fisker Automotive to Hong Kong businessman Richard Li Tzar-kai in favour of competitive bidding. The decision opens the way for China's largest car-parts company to bid for the maker of the Karma plug-in hybrid sports car.

via Business feed http://www.scmp.com/business/companies/article/1403426/us-judge-rejects-richard-lis-fisker-bid-allows-chinas-wanxiang