The new owners of Fisker are looking to give the brand a new name.
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Don’t expect anything entirely new when Fisker relaunches under its Chinese owners.
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For Wanxiang, job one at Fisker is fixing roughly 250 bugs with the Karma luxury car before production can resume. After that, the goal is to launch a second model.
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Do you believe in second chances? Chinese automotive group Wanxiang certainly does.
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Production of the Fisker Karma might finally resume within a year under the company’s new Chinese owners.
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Fisker’s new owners are teaming up with Bob Lutz to help make the V8-powered Karma a reality.
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China’s Wanxiang Group has emerged as the winning bidder for Fisker’s assets, agreeing to pay $149.2 million for the American electric automaker.
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Wanxiang American Corp. has put in a “stalking horse” bid on Fisker, which is supposed to be sold to Hybrid Tech Holdings LLC for $25 million.
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Wanxiang Group’s purchase of A123 Systems Inc. has been approved by the U.S. government, despite concerns of sensitive technology being transferred to China.
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Bankrupt battery manufacturer A123 Systems expects its sale to Chinese firm Wangxiang to be complete in a little over a week.
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A year riddled with controversy for electric cars is winding down, but not without at least one more flare up — Chinese firm Wanxiang Group won the bidding war for A123 Systems.
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Bankrupt battery maker A123 Systems was scheduled to go up for auction today behind closed doors at a Chicago law firm, but the list of bidders is likely to cause trouble.
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