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Fisker Automotive begins hiring blitz
Wed, 22 Jun 2011Fisker Automotive will hire 120 workers in the coming months to staff the former General Motors factory in Wilmington, Del., that will build Fisker's next plug-in hybrid sedan, due in 2013. Code-named Project Nina, the future car will join the plug-in Karma sedan in Fisker's lineup as the company expands its portfolio of premium hybrid cars. The Karma is launching this year, and production of the future sedan--expected to be priced at about $39,000 after government incentives--would begin late next year.
Sal Fish sells SCORE International
Thu, 20 Dec 2012Culminating a deal that has been in the works for the last year, Sal Fish, longtime president of desert racing sanctioning body SCORE International, has sold the organization to racer and businessman Roger Norman. The sale marks the culmination of a lifetime of work for the seller. Fish got his start in desert racing when he was still in the publishing business.
Koenigsegg signs deal to buy all of Saab
Tue, 18 Aug 2009By Tim Pollard Motor Industry 18 August 2009 10:17 Supercar maker and industrial group Koenigsegg today announced it had signed the deal to buy every one of GM's shares in Saab. The news clears the way for Saab's rebirth as an independent car maker freed from the shackles of General Motors and follows an earlier memorandum of understanding. Koenigsegg has signed the stock purchase agreement to buy 100% of Saab – but there are still numerous hurdles before the deal completes 'in the next few months.' Exactly.