Hybrid Tech Holdings LLC has bumped up its offer for Fisker Automotive Inc. in a bid to ward off competition for the hybrid-car company from a unit of China's Wanxiang Group, the Wall Street Journal reported on Friday. In advance of a courtroom showdown over Fisker, Hybrid Tech increased by $1 million the cash it is offering creditors to $26 million and proposed splitting with them the proceeds from the sale of a former General Motors plant in Delaware, a facility some estimates say could be worth as much as $50 million. Originally slated for Friday, the court session was pushed back to Jan. 10 in the wake of a rapid-fire series of developments that brought a new contender to the field, amid creditor questions about what went wrong at the maker of luxury hybrid vehicles.
