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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.

SEAT Mii (2012) – SEAT’s VW Up! – arrives

SEAT Mii Volkswagen are making sure the development costs of the new VW Up! City car get covered as quickly as possible, with not just the VW Up! hitting the markets in 2012 but the Skoda version – the Skoda Citigo – bowing in too.

2014 Hyundai Genesis first glimpse

Here are the first official shots of the next Hyundai Genesis, a long, cool drink of water that will chart the course for many larger Hyundai sedans to come. “We want more premium luxury,” said Moon Sik Kwon, president of Hyundai R&D. “Genesis will lead the way.” Details are not officially released yet, so, even though we just drove the thing all over Hyundai's Nam Yang proving ground here in Korea and have a definite opinion about it, we can't tell you whether or not it was a well-composed, powerfully quick, huge step up and over the first Genesis sedan.