wanxiang Archives – The Green Optimistic

Wanxiang America to Restart Fisker Karma Production ASAP

Benji Jerew — Mon, 24 Feb 2014 14:38:30 +0000

Chinese auto parts company Wanxiang wants to restart production of the Fisker Karma, but will anyone buy it with all the baggage it’s carrying? We’ll recall that it’s been over a year since the Fisker Karma stopped production, and pretty much everything was put on hold by the bankrupt Fisker Automotive. Thanks to a series […]

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Fisker Automotive Loan to be Auctioned – DOE Mostly Likely Will Lose

Benji Jerew — Wed, 18 Sep 2013 20:18:21 +0000

I’m sure it seemed like a good idea at the time, but the chips just didn’t fall right for Fisker Automotive. Fisker’s defaulted loan is now up for auction. In the beginning, Fisker Automotive had been awarded $529 million in guaranteed loans, from DOE’s [Department of Energy] Advanced Technology Vehicles Manufacturing Loan Program, about four years […]

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The Fisker Automotive, Wanxiang, and VL Automotive Love Triangle Overseen by Bob Lutz

Benji Jerew — Thu, 23 May 2013 17:15:37 +0000

By now it’s no longer old news when we talk about yet another electric vehicle company going down, such as A123 Systems, CODA Motors, Better Place, and now Fisker Automotive. Bob Lutz, previously of General Motors and the driving force behind the Chevy Volt, has turned his attention to other projects. VIA Motors has designs […]

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Wanxiang Also Has Eyes On Fisker Automotive

Benji Jerew — Wed, 22 May 2013 19:15:49 +0000

In business, sometimes death [read: bankruptcy] comes from a series of unfortunate events, as seems to have happened with Fisker Automotive. It’s been a story long in coming, but the end result is that Fisker Automotive can’t produce any vehicles. In spite of having a truly beautiful sedan and some big plans for the future […]

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New Technology Incubator, A123 Systems Reborn

Benji Jerew — Fri, 03 May 2013 15:46:28 +0000

Business goes on, and while A123 Systems sank slowly into bankruptcy, that doesn’t mean it’s over. Part of A123 split off as B456 [obviously] so that Wanxiang could liquidate it for the bankruptcy proceedings. The main part of A123 Systems, now a subsidiary of Wanxiang Group in China, has been relaunched as a technology incubator. […]

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