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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.

Iconic to start roadster production

Iconic Motors will begin production of its 2012 AC Roadster in late spring in Detroit, the company said on Tuesday. Iconic says it will build only 100 copies during its first year of production. “We are genuinely excited to begin production on the 2012 Iconic AC Roadster,” Iconic Motors chairman Claudio Ballard said.

One in six drivers 'top 100mph'

ONE IN SIX (17%) of drivers admits to driving at more than 100mph on the motorway regularly in the UK, even though the speed limit is 70mph. More than twice that number (38%) own up to driving at above 90mph, while 11% say they speed at 50mph or more in residential and urban areas where there is a 30mph speed limit. Research by Direct Line shows 61% of drivers have also exceeded the 20mph limit.