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Fisker Goes Up for Auction With Bids From Wanxiang Hybrid Tech

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Fisker Automotive Inc. went up for auction yesterday, with Hong Kong billionaire Richard Li dueling China's Wanxiang Group for the assets of the failed luxury hybrid vehicle maker, Dow Jones Daily Bankruptcy Review reported today. No other bidders qualified by a Friday deadline, court papers say, so that the field is left to the two contenders that have been jousting over Fisker for weeks. Results of the auction will be reviewed at a hearing Friday in bankruptcy court.