Fisker recently filed for bankruptcy and entered into a purchase agreement with Hybrid Tech Holdings LLC. Everything seemed like a done deal but creditors are now pushing for the company to be auctioned.

Fisker recently filed for bankruptcy and entered into a purchase agreement with Hybrid Tech Holdings LLC. Everything seemed like a done deal but creditors are now pushing for the company to be auctioned as they have revealed China's Wanxiang Group has submitted a bid of $24.725 (€18.16) million.

Fisker is furious at the proposal as Wanxiang bought Karma battery supplier A123 Systems. The company contends that after Wanxiang took over A123 Systems they cut their battery suppliers. Fisker goes on to say "Wanxiang now seeks to profit from a bankruptcy that it helped cause."

Despite Fisker's allegations, the truth is a lot more complicated as Karma production was halted months before A123 systems was bought by Wanxiang in early 2013. Even after the deal was completed, Wanxiang President Pin Ni said "It's in our interest if we can help Fisker, in any way we could."

The matter will be settled in U.S. bankruptcy court and a decision could come as early as next week.

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Fisker sale stalls as creditors want company auctioned following Wanxiang bid