After 19 rounds of bidding, Wanxiang America Corporation (Wanxiang) has been selected as the highest and best bidder in a competitive auction for Fisker Automotive, completed on Friday. Wanxiang’s winning bid is valued at approximately $149.2 million, representing $126.2 million of cash, $8 million of assumed liabilities, and a contribution of common equity in an affiliate designated by Wanxiang to acquire the assets of Fisker Automotive.