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.
Datamonitor'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 organ...
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....
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...
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....
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...
Zhejiang Geely says that it will supply some 500 London Taxi TX4s to the municipal authority in Nanjing....
- COMMENT: What is normal in Russian maelstrom?
- Emerging markets in trouble (1)
- Regulatory concerns grow in China
- VEHICLE ANALYSIS: SEAT Alhambra 2.0 TDI
- ANALYSIS: GM gets serious about Cadillac
- Mercedes 'guilty' of China parts price fixing
- Ford recalls 160,000 cars to fix wiring problem
- Cadillac takes on Merc S Class
- Serious concern on Russia auto sanction rumours
- Volvo Cars hails new engineering architecture
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- New Engines Aiming for 60% Thermal Efficiency Japanese Automobile Manufacturers Rising to the Post-HEV Challenge
- Tesla: The Californian start-up that made head way on the automotive giants
- Global Database of the Top 1000 Motor Vehicle Producers - Company Names, Financial Performance, Key Executives, and Contact Details
- Brazilian automobile industry - Right strategy for tough times