September 24, 2014 by Joey Wang
Chinese car parts producer Wanxiang Group, which bought car maker Fisker Automotive from bankruptcy early this year, is accelerating the relaunch of the Fisker Karma hybrid by using the design from the company’s last year of production, people close to the companies said.
February 24, 2014 by Tycho de Feijter
China’s Wanxiang Group said Friday it plans to restart production of Fisker vehicles after it purchased the firm in a 150 million-dollar deal. In the ‘coming months’ Wanxiang will restart building cars in the Valmet factory in Finland, and will start production in Fisker’s own manufacturing plant in Delaware, United States, which Fisker bought from General Motors in 2010.
February 20, 2014 by Joey Wang
Wanxiang America Corporation (WAC), a US subsidiary of Wanxiang Group, the largest auto-parts company in China, emerged as the winner of the bankruptcy auction for the assets of hybrid-sports carmaker Fisker Automotive.
Wanxiang’s bid has a value of approximately $149.2 million, representing $126.2 million in cash, $8 million of assumed liabilities and a contribution of common equity in an affiliate designated by Wanxiang to acquire the assets of Fisker, according to a Fisker statement.
July 17, 2013 by Tycho de Feijter
China’s state-media are reporting in a very positive way about BAIC wanting to buy Fisker. The positive reporting indicates that state-owned BAIC has obtained permission by the Chinese government to make the move.
The Chinese government wants more electric vehicles on the road, preferably made by Chinese companies. BAIC is one of the biggest automotive conglomerates in China, but yet without any EV in production. The article says buying Fisker would be “a worthwhile shortcut” to obtain technology.
March 26, 2013 by Joey Wang
China’s Zhejiang Geely Holding Group has confirmed it will not make a final bid for a stake in Fisker Automotive Inc as it is not in line with its strategic considerations.
March 19, 2013 by Joey Wang
China’s Zhejiang Geely Holding Group will drop out of the bidding for a majority stake in troubled U.S. electric car maker Fisker Automotive, according to two sources familiar with the matter.
Fisker, the Anaheim, California-based plug-in hybrid maker, was waiting for final bids from two Chinese companies: Geely, the owner of Sweden’s Volvo, and state-owned Dongfeng Motor Group Co..
February 21, 2013 by Joey Wang
China’s Zhejiang Geely Holding Group is favoured to secure a majority stake in troubled U.S. electric car maker Fisker Automotive, according to two sources familiar with Fisker’s search for a strategic investor or partner.
Fisker, the Anaheim-based plug-in hybrid maker, is currently weighing bids from two Chinese auto makers: Geely, the owner of Sweden’s Volvo, and state-owned Dongfeng Motor. The interest in Fisker reflects China’s strong push into alternative fuel cars as it seeks to foster the green technology sector and clear the increasingly polluted skies of its cities.
February 19, 2013 by W.E. Ning
China’s Zhejiang Geely Holding Group is favored to secure a majority stake in US electric car maker Fisker Automotive, Reuters reported, citing two sources familiar with Fisker’s search for a strategic investor or partner.
Fisker, the Anaheim-based plug-in hybrid maker, is currently weighing bids from two Chinese auto makers: Geely, the owner of Sweden’s Volvo, and State-owned Dongfeng Motor Group Co.
February 16, 2013 by Joey Wang
China’s Donfeng Motor has emerged as a leading suitor for California-based Fisker Automotive, which is currently considering bids from several potential investors. Dongfeng Motor Corp has offered Fisker $350 (€261) million for an 85 percent stake in the company. Sources have revealed that Dongfeng could move production of the Karma from its current location in Finland to China if its efforts to acquire a controlling stake in Fisker are successful.
January 31, 2013 by Tycho de Feijter
A surprising sight in the great city of Shanghai, a Fisker Karma driving in the center ow town. We have seen the Karma before but only during tests and without license plates. The Shanghai car has valid standard license plates, meaning the Karma must have been certified for the road.