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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.

Eve of Eyes kicks off festivities for the EyesOn Design car show

Designers of all ages and and stripes descended on the ancestral home of General Motors styling on Thursday night for the annual Eve of Eyes event that kicks off festivities for the EyesOn Design car show. The spotlight event is always a favorite of designers to mingle, network and ponder their craft over drinks and light fare. This year, it was held in a fitting venue--the College for Creative Studies.

Porsche acquires Nardo Test Track as its new playground

Porsche Nardo Test Track (map from Google Earth) The enormous Nardo Test Track near Lecce, Italy, has been acquired by Porsche as a new testing ground. Top Gear viewers will probably remember the opening episode if the last series of Top Gear (series 18) with the Lamborghini, McLaren and Noble in Italy or, more specifically, in the Lecce region of Italy which nestles in the warmth of Italy’s heel. The Lecce region also houses the Nardo Test Track which is where the boys took their supercars to hammer round the slightly bumpy outer oval seeking top speed.