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Fisker goes to China's Wanxiang

China's Wanxiang Group won an auction for Fisker Automotive Holdings Inc., the maker of luxury plug-in hybrid cars, with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy. Wanxiang topped Hybrid Tech Holdings during the auction, which began on Wednesday and went through 19 rounds of bidding, with an offer that includes $126.2 million in cash and $8 million in assumed liabilities, Fisker said Friday in a statement. U.S.

Honda unveils UNI-CUB mobility device [w/video]

Honda has unveiled its new UNI-CUB personal mobility device, designed to be used in public spaces alongside pedestrians. The UNI-Cub is an evolution of the company's U3-X concept, revealed in 2009, and is designed to give users as much freedom as possible. This has been achieved through the world's first omni-directional driving wheel system – Honda Omni Traction Drive System – as well as balance control technology.

Former Chevrolet Volt chief takes helm at Fisker

One of the key architects of the Chevrolet Volt is taking the helm of Fisker Automotive. Tony Posawatz, a veteran General Motors executive, has replaced former Chrysler CEO Tom LaSorda as chief executive of Fisker. LaSorda had just taken over as CEO in February, after joining the company in late 2011.