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Fisker about to be bought by Volvo’s Chinese owner Geely?

It’s reported that China’s Geely – which bought Volvo from Ford – is about to take a majority stake in Fisker Automotive. But Fisker has run in to big problems when its battery supplier - A123 Systems – went bust leading to Fisker production grinding to a halt. That has now been resolved with China’s Wanxiang Group buying up A123 Systems and it looks like Fisker is heading East too with Geely set to grab a majority shareholding.

Volkswagen Touareg Facelift heading for Beijing Motor Show

The Volkswagen Touareg (pictured) with its 2015 nip and tuck It’s almost four years since the latest VW Touareg was revealed – and a year since VW introduced and R Line version of the Touareg - and now it’s time for a bit of a nip and tuck for VW’s largest SUV. Heading for the Beijing Motor SHow next week is a facelift for the Touareg which combines small cosmetic tweaks with some new technology to bring the Touareg up to date. A new front bumper and new bi-xenon headlights give the nose a new look, and a new back bumper, diffuser and LE fogs tweak the back.

Alan Mulally joins ‘Innovation power panel’ Keynote at CES

An ‘Innovation Power Panel' Keynote was the highlight of the second full morning of the 2012 Consumer Electronics Show (CES) in Las Vegas. Underlining the importance of this event to the automotive industry, and the importance and weight the automotive field now carries in the consumer electronics sphere, Alan Mulally – President and CEO of Ford motor company – was part of a three-person panel exploring how companies innovate, cope with failure and the relentless pace of change in the electronics world. Mulally was joined by Ursula Burns, Chairman and CEO of Xerox Corporation and John Stratto, Enterprise Executive at Verizon, the US telecoms company.