Chinese companies Geely and Dongfeng are said to be among bidders from "different continents" looking for a controlling stake in troubled automaker Fisker Automotive. Fisker, which has suffered setback after setback over the last few years of its Karma range-extended sedan being on sale, is currently seeking buyers and investors. Bloomberg reports the Dongfeng Motor Group, a Chinese state-owned car company, has offered $350 million for an 85 percent stake in Fisker. Reuters says rival Chinese company Geely has also put in a bid, and is currently considered favorite to secure a stake in...
Chinese Automaker Dongfeng Backing EV Rush With $440 Million Pledge
Following the lead of its government, which recently pledged a whopping $15 billion towards helping accelerate the electrification of the automobile, Chinese automaker Dongfeng has announced that it plans to do its part by adding a further $440 million to that tally over the next five years. Most...Viknesh Vijayenthiran