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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.

Concept Car of the Week: Dodge Charger III (1968)

In 1968, at the dawn of the muscle car era, the performance-oriented Dodge brand offered a unique range of powerful and iconic models such as the Charger, the Dart and the Coronet. While working in parallel on the Mk II production Charger, designers and engineers created the third in a series of concept cars carrying the same name that aimed to showcase futuristic design and technological innovations to arouse the public and test its reaction. Dodge general manager Robert B.

Porsche Panamera to debut at Shanghai

Porsche Panamera will debut in Shanghai in April It’s a sign of the growing importance of the Chinese market that Porsche has chosen to launch the car officially in China. Even the Chinese car market is suffering at the moment, but the simple fact is that with such a huge population, and a Chinese DNA that seems to predispose them to commerce now they are allowed to ‘Trade’ once again, there will probably be more potential Porsche buyers in China in the next 10 years than in the rest of the world combined. So suck-up now seems a good motto.