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Fisker Seeks Rejection of Chinese Suitor It Blames for Its Bankruptcy

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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, Reuters reported yesterday. A courtroom showdown is set for Jan. 10 that will determine the future of the defunct car maker, which was launched with a controversial U.S. government loan. Bankruptcy 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 hearing was originally scheduled for Friday, but was postponed one week as a major snowstorm threatened to disrupt travel throughout the eastern U.S.