CHINA: Geely in pole position for Fisker stake
Geely could secure a majority stake in electric car maker Fisker Automotive, sources have told China Daily.
Fisker is looking for a strategic investor or partner and is currently considering bids from two Chinese carmakers: Geely, which already owns Volvo, and state-owned Dongfeng Motor.
Sources told the newspaper that both offers, which Fisker received in the last three weeks, were worth between US$200m and $300m. A deal would give the suitors a majority stake in the US company, they said.
Geely acquired Volvo from Ford in 2010 and, according to the report, the Chinese have already sent a team of engineers to Fisker’s base in Anaheim, California.
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
This QUBE report from just-auto provides a comprehensive overview of the global electrified vehicles sector, major OEM developments, top 14 markets, technology trends and market projections. Use this ...
Over 500 vehicles have been updated in our live database of current and future new passenger car product over the past week, and we've added new future models....
Despite strong developing competition, Volvo continues to lead in the car safety technologies. Continued work on the improvement of quality and reliability, and above all the safety of users makes the...
The media days for the 2013 Frankfurt Internationale Automobil-Ausstellung (IAA) are 10 & 11 September. Each of the following vehicles is a world premiere at the show....
Zhejiang Geely says that it will supply some 500 London Taxi TX4s to the municipal authority in Nanjing....
Volvo Cars saw global sales rise 14% in July to 33,650 compared to the same month last year on the back of strong growth in China and a healthy performance in Europe....
- Has Audi reached a model proliferation limit?
- What now for docked Hoegh Osaka cargo?
- THE WEEK THAT WAS: New Hondas and the ship's up
- VEHICLE ANALYSIS: Honda CR-V update
- RESEARCH ANALYSIS: Review of instrumentation
- JLR recreates 1948 line for Defender plant tour
- Most cars unscathed by Osaka drama: ship owner
- Automakers anxious to learn Osaka cars fate: Hoegh
- Honda changes air bag supplier from Takata
- Hoegh Osaka due back in Southampton at 17:00 GMT
- Global vehicle lightweighting - technology, trends and the future
- Global light vehicle OE wheels market- forecasts to 2029
- Global light vehicle engine technologies market- forecasts to 2029
- Global light vehicle OE connectivity market- forecasts to 2029
- Global light vehicle safety systems market- forecasts to 2029