After a court hearing on Friday, the fate of Fisker Automotive is even more up in the air, and as uncertain as ever.

U.S. Bankruptcy Judge Kevin Gross ordered a competitive auction of Fisker's assets, according to the Associated Press, after a last-minute bid by Chinese auto-parts conglomerate Wanxiang.

Gross rejected investor Hong Kong-based Richard Li's $25 million bid for the company, which Fisker itself wanted the court to approve.

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Bankruptcy Judge Says No To Chinese Bid - Will Auction Off Fisker To Highest Bidder - Probably Chinese

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