Fisker Automotive, the creators of the forward thinking Karma range extended hybrid, have finally been purchased. According to a report from Automotive News, Chinese company Wanxiang placed the winning bid for the American company. The final price was $149.2 million.

There is still one legal loophole to jump through before the sale is final. US Bankruptcy Judge Kevin Gross needs to approve. He has scheduled a hearing for tomorrow, so we will know soon.

The auction for the car maker is part of an ongoing bankruptcy struggle that began a few months ago when Fisker was unable to repay its DOE loan it received a few years ago.

The combination of Fikser and Wanxiang makes sense, as the Chinese company owns a battery producer that would allow Karma production to resume with decreased cost.

Keep it locked here on for the official news on if Fisker is sold or not.

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