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If successful, Wanxiang would build Fisker cars in the US

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If successful, Wanxiang would build Fisker cars in the US

The Chinese auto parts conglomerate that wants to buy failed electric-vehicle manufacturer Fisker Automotive says it would build next-generation Fisker cars in Delaware if there were sufficient consumer demand.

Wanxiang Group Corp. outlined its intentions in a court filing late Wednesday as it pushes for a competitive auction of Fisker’s remaining assets. In an order issued late Thursday in advance of a scheduled Friday hearing, the judge presiding over Fisker’s bankruptcy suggested that Wanxiang’s proposal for an open bidding process is worth considering.

Wanxiang indicated in earlier court documents that it wanted to resume production of Fisker’s problem-plagued first-generation car, Karma, in Finland and eventually shift production to a Michigan facility. That dealt a setback to hopes of Delaware officials that cars would be built at the former GM site.

Now Wanxiang said it intends not only to resume Karma production, but to continue development and design of a second-generation line of Fisker vehicles. Once such vehicles are ready for mass production “in volumes that necessitate a separate manufacturing facility,” Wanxiang intends to manufacture them at the now-shuttered GM plant in Wilmington.

It remains unclear, however, whether Wanxiang, which recently bought the company that served as Fisker’s primary battery supplier following a separate bankruptcy case, will be able to take control of Fisker itself.

Via AP

by Aurel Niculescu (my Google+) - Friday, January 10th, 2014 - filed under Industry, News. Image credit: .
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