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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.

Lotus Cars prepares to hire Lutz, Purves as advisers, sources say

Lotus Cars Ltd. is poised to tap former General Motors Co. product guru Bob Lutz and retired BMW executive Tom Purves to advise the British niche carmaker on a five-year turnaround plan.

Jaguar XFR (2009) tops 225mph at Bonneville

By Sarah-Jayne Harrison Motor Industry 13 January 2009 16:00 Jaguar's new XFR has reached 225.675mph, making it the fastest car Coventry has ever produced. Running at a secret test at the Bonneville Salt Flats, the one-off prototype, using a tweaked version of Jaguar's new supercharged 5.0-litre V8, topped even the legendary XJ220's 217mph top speed. Not a chance.