UPDATE 1-China carmaker Dongfeng drops bid for Fisker stake -sources

Newswire

By Norihiko Shirouzu and Deepa Seetharaman BEIJING/DETROIT, March 28 (Reuters) - Chinese state-owned carmaker Dongfeng Motor Group will not pursue a bid for a majority stake in Fisker Automotive, according to sources familiar with the matter, leaving the troubled U.S. electric car without a clear financial backer. Dongfeng was put off by Fisker's loan obligations to the U.S. government which include restoring capacity and jobs at the firm's ...

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