Fisker seeks rejection of Chinese suitor it blames for its bankruptcy

(Reuters) - Fisker Automotive, the bankrupt maker of a plug-in hybrid sports car, asked a federal judge to approve its proposed sale to a Hong Kong tycoon rather than a Chinese suitor that Fisker alleged was to blame for its failure. U.S. Bankruptcy Court Judge Kevin Gross must decide if Fisker's business will be put to open auction or sold to an affiliate of Richard Li as the company has proposed. The company's plans were thrown into doubt on Monday, when the official creditors' committee proposed auctioning the business and presented an initial $24.725 million bid from the U.S. unit of Wanxiang Group, China's top auto parts company. Fisker attacked the creditors' proposal in a series of court filings on Wednesday with the bankruptcy court in Wilmington, Delaware, noting that after Wanxiang bought A123 Systems Inc, a battery maker, it cut supplies to Fisker.

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