Sources: Chinese bids for Fisker dissolve

Chinese car makers Zhejiang Geely Holding Group and Dongfeng Motor have pulled back on competing bids for American electric car maker Fisker Automotive, The Wall Street Journal reported, citing anonymous sources. Fisker, which has actively been seeking outside financing to stave off bankruptcy, asked that any acquirer agree to take on the remainder of a US$529 million loan, an action that would require the company to manufacture cars at a former General Motors plant in Delaware, one source said. Another source said that the Chinese companies did not want to be bound to producing cars at the plant.