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>> DETROIT AUTO SHOW Latest News

MAY 22, 2013 - Greentech

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Reuters: Fisker Acquisition Offer From Wanxiang and Ex-GM Exec Bob Lutz

We've observed the slow-motion luxury hybrid car crash that has been Fisker's path to market for the past few years. Reuters is now reporting that Wanxiang Group, China's largest auto parts supplier, has joined with former vice-chairman of GM Robert Lutz to make an offer for venture-backed electric hybrid car builder Fisker.     Lutz led the development of the extended-range plug-in Volt at Chevrolet. Wanxiang recently purchased A123 Systems, the bankrupt lithium-ion battery maker that supplies batteries for the Fisker Karma. Wanxiang intends to keep ... Read More

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