This is a summary. To read the whole story subscribe to BostonGlobe.com
The pending purchase of a bankrupt maker of hybrid cars by the parent of A123 Systems provides an opportunity for A123, a Waltham battery maker, to bolster its ambitions to become a player in the hybrid and electric car markets, analysts and a company executive said.
A123’s owner, the American subsidiary of China’s Wanxiang Group, on Friday offered $149.2 million to buy Fisker Automotive in an auction overseen by the US Bankruptcy Court in Delaware, beating out Hybrid Tech Holdings LLC after 19 rounds of bidding. The purchase of the California automaker is scheduled to go before a judge for approval Tuesday.
At one time, A123 supplied batteries for Fisker’s Karma hybrid, and restarting Fisker’s production line would allow A123 to renew its focus on the automotive market. .