Daily News: July 29, 2014

WSJ: Former Fisker Wins Chapter 11 Plan Confirmation

The Wall Street Journal reported the company once known as Fisker Automotive received court approval on a Chapter 11 plan that will distribute money raised in the bankruptcy sale of the manufacturer of luxury hybrid sedans.

According to the Journal , judge Kevin Gross confirmed the plan for the company now called FAH Liquidating at a hearing in the U.S. Bankruptcy Court in Wilmington, DE.

The Journal notes the Fisker name and business were sold to China’s Wanxiang Group at a February bankruptcy auction for $149.2 million.

To read the entire Journal article, click here.