Chinese
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Earlier this week, we reported that Chinese auto parts giant Wanxiang had received approval from the U.S. government to purchase the non-military business of bankrupt lithium-ion battery maker A123 Systems. That’s good news for luxury plug-in hybrid automaker Fisker, as A123 Systems was the sole supplier of the lithium-ion cells used to construct the Karma’s battery packs. Fisker has been in a production hold since A123 went bankrupt, and that hold will likely be lifted as soon as Wanxiang begins supplying new inventory. As we speculated, Wanxiang may soon be supplying more than...
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Youngman Prepared To Invest $1.8 Billion In New Saab ModelsYoungman has made a formal offer to acquire Saab's assets, and is prepared to spend an additional $1.8 billion to develop future models.
Kurt Ernst -
China's Youngman To Take One Last Shot At Saab: Report
Sources close to Chinese company Youngman report that it will make one final attempt to purchase bankrupt automaker Saab.
Kurt Ernst -
Changan Auto seeking American, European empires
While the Detroit 3 and the rest of the established automotive industry reel from the blows dealt by the poor world credit market and nosediving economy, smaller, newer companies like Chongqing Changan Auto Company (Changan Auto) are ramping up their plans for world conquest. Taking advantage of...
Ralph Hanson -
Geely goes for the gusto with throne-equipped GE limo
Building a successful hyper-luxury limousine is a tricky game. While brands like Maybach and Bentley are struggling to find success, Rolls Royce is posting year after banner year of sales improvements. Now a newcomer has entered the game, and the result is catastrophically interesting. Built by...
Kenneth Hall
