/ Industry, News, Others / Wanxiang reportedly interested in helping Fisker following A123 acquisition

Wanxiang reportedly interested in helping Fisker following A123 acquisition

Linked In Share
Wanxiang reportedly interested in helping Fisker following A123 acquisition

Wanxiang Group said it wants to support Fisker Automotive as the struggling luxury plug-in hybrid manufacturer is the main customer of Wanxiang’s A123 Systems battery maker.

“It’s in our interest if we can help Fisker, in any way we could. They’re a customer so it will be in our best interest to support them, as a vendor or possibly in a strategic alliance,” Wanxiang America Corporation President Pin Ni told Bloomberg. The executive declined to say whether Wanxiang would invest in Fisker. Fisker spokesman Roger Ormisher also declined to comment on discussions with the Chinese company.

Wanxiang this week got approval from the Committee on Foreign Investment in the U.S. to buy most of the assets of ,A123 Systems, the battery maker backed with U.S. government funds that filed for bankruptcy in October. Because of A123’s failure, Fisker saw its supplies cut just as it was replacing flawed A123 lithium-ion packs.

Fisker last year hired Evercore Partners to find potential investors or partners as the carmaker looks to raise more money and resume production. The move came after Fisker halted production in a Delaware plant last year when the Energy Department denied access to a federal loan because of failure to meet initial sales and production goals for the Karma sedan.

by Dan Mihalascu (my Google+) - Thursday, January 31st, 2013 - filed under Industry, News, Others. Image credit: .
Linked In Share
Related Articles
A123 Systems bloomberg Delaware energy department ev batteries federal loan Fisker fisker automotive Fisker Karma strategic alliance wanxiang wanxiang america corp wanxiang group


Discuss: Wanxiang reportedly interested in helping Fisker following A123 acquisition

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Red Bull planning ‘Infiniti’ F1 engine – report
Red Bull planning ‘Infiniti’ F1 engine – reportJun.20 (GMM/Inautonews.com) Plans are afoot for an 'Infiniti' engine in formula one. It is already known that reigning world ...
F1 to adopt standing re-starts in 2015
F1 to adopt standing re-starts in 2015Jun.20 (GMM/Inautonews.com) Hot on the heels of exhaust trumpets and titanium sparks, the latest radical F1 innovation has now ...
2015 Mercedes-Benz CLS gets priced in the UK
2015 Mercedes-Benz CLS gets priced in the UKMercedes-Benz has recently announced the official price list for the facelifted version of the CLS in the United ...
Paris Hilton buys McLaren 650S Spider
Paris Hilton buys McLaren 650S SpiderParis Hilton has added a new ride to her collection, a McLaren 650S Spider, which is definitely one hot supercar. Paris Hilton ...
DD Customs modifies the Mercedes-Benz SLS AMG
DD Customs modifies the Mercedes-Benz SLS AMGA new styling program aimed towards the Mercedes-Benz SLS AMG has been recently introduced by the tuning company called DD ...
Chumlee scratches rented Ferrari 458 in Miami
Chumlee scratches rented Ferrari 458 in MiamiPawn Stars’ Chumlee has managed to scratch an expensive rental, a Ferrari 458 Italia, while he was in Miami. Chumlee is ...
New track focused McLaren model teased
New track focused McLaren model teasedMcLaren has released a new teaser image with a track focused supercar which will be officially presented to the public during the ...
Range Rover Sport gets tuned by Overfinch
Range Rover Sport gets tuned by OverfinchThe aftermarket specialists at Overfinch have officially introduced their new tuning program for the Range Rover Sport. A new ...
Opel Meriva gains new diesel engine
Opel Meriva gains new diesel engineOpel has added a new diesel engine for its popular MPV, the Meriva, which is currently available for order on the German auto ...
Are you the next-gen Skoda Superb?
Are you the next-gen Skoda Superb?A leaked image with what is supposed to be the next generation of the Skoda Superb has recently made its way onto the web. The ...
Daihatsu Copen officially unveiled
Daihatsu Copen officially unveiledDaihatsu has officially presented the final production version of the Copen which is based on the Kopen concept car revealed last ...
2015 Hyundai Sonata Eco introduced
2015 Hyundai Sonata Eco introducedHyundai has officially presented a new member of the Sonata family, the 2015 Sonata Eco, which is coming in at 23,275 USD, ...
Transformers: Age of Extinction features GM cars and…their designer
Transformers: Age of Extinction features GM cars and…their designerWhile there’s arguably not much going on in terms of screenplay in Michael Bay’s Hsbro blockbuster franchise, the ...
Audi brings the futuristic ART to assist its technicians
Audi brings the futuristic ART to assist its techniciansThe four rings brand is not looking to increase its culture – or, at least not in the traditional sense of the word – as ART ...
Tesla aims for Europe-wide charging infrastructure
Tesla aims for Europe-wide charging infrastructureThe US California-based electric automaker targets to develop a Pan-European charging network for its Model S luxury sedan that ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

paris hilton mclaren 650s spider 1
DD Customs modifies the Mercedes-Benz SLS AMG 1
Range Rover Sport gets tuned by Overfinch 1
opel meriva 1.6 cdti 1
daihatsu copen 1
2015 Hyundai Sonata Eco 1
0-Mercedes-Benz CLA 200 CDI Exterior Review 02
0-BMW 320d xDrive Exterior Review 02
Nissan debuts “Smart Rearview Mirror” on Rogue at New York A
BMW 4-Series Coupe gets wide body kit from Liberty Walk tuning 1
2014 mercedes-benz c-class tuning carlsson 1
2015 Peugeot 508 1

More automotive from inautonews
Mercedes-Benz has recently announced the official price list for the facelifted version of the CLS in the United Kingdom. According to the car manufacturer, the cheapest version of the updated Mercedes-Benz CLS can now be yours, in the United Kingdom, from 46,500 GBP. In this shape it is coming in ...
read more
Inautonews Editors Section
Car investment – which are the next classics?
Car investment – which are the next classics?Some prefer the stock exchange, others buy gold and some invest in properties, but there is a small group of people who prefer to try their luck with ...
Where brand new cars go to die
Where brand new cars go to dieHundreds of millions of brand new cars are left to rust in huge parking lots all over the globe after no one wants to buy them. The 2014 world ...
Trendy cars for this summer
Trendy cars for this summerSummer is just around the corner and the inautonews.com team is presenting you with some of the hottest convertibles money can buy these ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety US: a quarter of recalled cars don’t get fixedAlthough noticed by automakers, around 25% of recalled cars don’t get their fix every year, which ... Congress hearing reveals GM neglected prior warnings of ignition defectsGeneral Motors, as its CEO Mary Barra once more presented in front of the US congress, was accused ...
Safety Section