The Truth About Cars » Wanxiang http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Wed, 04 May 2016 20:39:13 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 Delaware Bankruptcy Judge Approves Sale Of Fisker Automotive to China’s Wanxiang http://www.thetruthaboutcars.com/2014/02/delaware-bankruptcy-judge-approves-sale-of-fisker-automotive-to-chinas-wanxiang/ http://www.thetruthaboutcars.com/2014/02/delaware-bankruptcy-judge-approves-sale-of-fisker-automotive-to-chinas-wanxiang/#comments Tue, 18 Feb 2014 17:50:27 +0000 http://www.thetruthaboutcars.com/?p=745993 Last week, Rueters reported that Wanxiang, a Chinese parts supplier, had won the bankruptcy auction for Fisker Automotive. The bid was valued around $149.2 million. The deal comes to close after a bidding war between Wanxiang and Hybrid LLC — a group who includes Richard Li, a Fisker investor and Hong Kong billionaire. In November, Fisker […]

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Last week, Rueters reported that Wanxiang, a Chinese parts supplier, had won the bankruptcy auction for Fisker Automotive. The bid was valued around $149.2 million. The deal comes to close after a bidding war between Wanxiang and Hybrid LLC — a group who includes Richard Li, a Fisker investor and Hong Kong billionaire. In November, Fisker […]

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Henrik Fisker Called, He Wants His Company Back http://www.thetruthaboutcars.com/2013/05/henrik-fisker-called-he-wants-his-company-back/ http://www.thetruthaboutcars.com/2013/05/henrik-fisker-called-he-wants-his-company-back/#comments Fri, 24 May 2013 17:05:01 +0000 http://www.thetruthaboutcars.com/?p=489527 Henrik Fisker paired up with Hong Kong billionaire Richard Li to get his company back. Fisker is a co-founder of severely troubled Fisker Automotive. Li and Fisker are trying to buy the U.S. government loan to Fisker at a big discount. Henrik Fisker was ousted in March. Another group, China’s Wanxiang with Bob Lutz as […]

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Henrik Fisker paired up with Hong Kong billionaire Richard Li to get his company back. Fisker is a co-founder of severely troubled Fisker Automotive. Li and Fisker are trying to buy the U.S. government loan to Fisker at a big discount. Henrik Fisker was ousted in March. Another group, China’s Wanxiang with Bob Lutz as […]

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Lutz And Chinese Offer One Penny On The Dollar For Fisker http://www.thetruthaboutcars.com/2013/05/lutz-and-chinese-offer-one-penny-on-the-dollar-for-fisker/ http://www.thetruthaboutcars.com/2013/05/lutz-and-chinese-offer-one-penny-on-the-dollar-for-fisker/#comments Thu, 23 May 2013 10:33:24 +0000 http://www.thetruthaboutcars.com/?p=489356 Fisker is worth around 200 Karmas at retail. “A team including former General Motors Co executive Bob Lutz and China’s largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the “green” car company’s estimated worth almost a year and a half ago,” Reuters says. Late 2011, Fisker told prospective […]

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Fisker is worth around 200 Karmas at retail. “A team including former General Motors Co executive Bob Lutz and China’s largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the “green” car company’s estimated worth almost a year and a half ago,” Reuters says. Late 2011, Fisker told prospective […]

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Reuters: Lutz To Help Chinese Buy Fisker On The Cheap http://www.thetruthaboutcars.com/2013/05/reuters-lutz-to-help-chinese-buy-fisker-on-the-cheap/ http://www.thetruthaboutcars.com/2013/05/reuters-lutz-to-help-chinese-buy-fisker-on-the-cheap/#comments Wed, 22 May 2013 16:49:42 +0000 http://www.thetruthaboutcars.com/?p=489299 When former TTAC Editor-in-Chief and now Editor emeritus Edward “Op-Ed” Niedermeyer wrote an op-ed in the Wall Street Journal and warned that GM’s center of gravity shifts more and more to China, GM’s  retired multi-role fighter Bob Lutz  reamed Ed via Fortune.  Now, Bob Lutz himself appears to be an accessory in a deal that […]

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When former TTAC Editor-in-Chief and now Editor emeritus Edward “Op-Ed” Niedermeyer wrote an op-ed in the Wall Street Journal and warned that GM’s center of gravity shifts more and more to China, GM’s  retired multi-role fighter Bob Lutz  reamed Ed via Fortune.  Now, Bob Lutz himself appears to be an accessory in a deal that […]

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Surprise: U.S. Government Won’t Give Money To Chinese-Owned A123 http://www.thetruthaboutcars.com/2012/12/surprise-u-s-government-wont-give-money-to-chinese-owned-a123/ http://www.thetruthaboutcars.com/2012/12/surprise-u-s-government-wont-give-money-to-chinese-owned-a123/#comments Tue, 11 Dec 2012 13:38:09 +0000 http://www.thetruthaboutcars.com/?p=469769 Battery maker A123 was sold to China’s Wanxiang Group, but the company won’t come with more government money. The DOE won’t give A123 Systems Inc. the balance of a $249 million grant, a department official tells Reuters. Wanxiang, in the meantime, let it become known that it did not ask for the grant money, and […]

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Battery maker A123 was sold to China’s Wanxiang Group, but the company won’t come with more government money. The DOE won’t give A123 Systems Inc. the balance of a $249 million grant, a department official tells Reuters. Wanxiang, in the meantime, let it become known that it did not ask for the grant money, and […]

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China’s Wanxiang Successful Bidder For Government-Backed A123 http://www.thetruthaboutcars.com/2012/12/chinas-wanxiang-successful-bidder-for-government-backed-a123/ http://www.thetruthaboutcars.com/2012/12/chinas-wanxiang-successful-bidder-for-government-backed-a123/#comments Sun, 09 Dec 2012 14:40:21 +0000 http://www.thetruthaboutcars.com/?p=469586 Wanxiang Group, China’s largest maker of auto parts won the auction for A123 Systems, Reuters says. The maker of batteries for electric cars was funded partly with U.S. government money, but went bankrupt nonetheless. Investment banker Lazard Freres told Reuters that Wanxiang’s bid of about $260 million was better than a joint bid of Johnson […]

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Wanxiang Group, China’s largest maker of auto parts won the auction for A123 Systems, Reuters says. The maker of batteries for electric cars was funded partly with U.S. government money, but went bankrupt nonetheless. Investment banker Lazard Freres told Reuters that Wanxiang’s bid of about $260 million was better than a joint bid of Johnson […]

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