日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Auto China

Wanxiang makes bid for US car company

By He Wei in Shanghai (China Daily) Updated: 2014-01-03 07:42

Wanxiang makes bid for US car company

View of the stand of Wanxiang Group in Beijing, China. [File photo/icpress.cn]

China's largest auto parts manufacturer, Wanxiang Group Corp, has made a last-minute bid for a United States-based alternative-fuel car producer.

The move follows the Chinese company's earlier acquisition of US battery producer A123 Systems Inc, a regular supplier of Fisker Automotive Inc, for which Wanxiang America Corp is considering a bid in a proposed auction.

Fisker creditors asked the US Bankruptcy Court in Wilmington, Delaware, to scrap Fisker's agreed sale with a company affiliated with Hong Kong tycoon Richard Li and instead hold an open auction at which Wanxiang's US arm plans to bid, according to Reuters.

Wanxiang planned to make an initial bid of $24.7 million and pledged to assume some liabilities of Fisker, according to court documents filed before the Monday deadline to object to Fisker's plan.

A hearing is scheduled for Friday in the US to consider whether Fisker should adopt creditor proposals or proceed with the sale to the affiliate of Li, according to Reuters.

A spokesman at Wanxiang's China headquarters didn't immediately respond to a request for comment from China Daily on Thursday.

A year after suspending production, Fisker, the dormant maker of the plug-in sports car Karma, filed for bankruptcy in November, while it obtained $168 million in loans from the US Department of Energy in developing new-energy technologies.

The investment group led by Li proposed to pay an initial $25 million for the debts in October and buy out the rest of the company using "credit bid", an ability to control their collateral that wiped out other creditors.

Wanxiang was also among prospective bidders in the October auction, but it was beaten out by Li's team, which was reported to be already "nailing down details" with the US Energy Department, according to Reuters.

In the latest petition, Wanxiang plans to restart Fisker production as early as April and eventually move manufacturing from Finland to Michigan, according to Wanxiang's presentation to the court.

The Chinese company estimated it would sell more than 1,000 Karma hybrids in the first 18 months in the US and 500 in Europe.

Wanxiang said in its presentation it could lower production costs, without elaborating. Fisker sold the Karma for more than $100,000 each.

"They (Wanxiang) are extremely capable and knowledgeable of the industry and know how to get things done," William Baldiga, a Brown Rudnick attorney who represents Fisker's official creditors' committee, was quoted by Reuters as saying.

In China, the concept of electric vehicles is being accepted and the technologies are making progress, said Michael Hanley, global automotive leader of Ernst & Young.

"But key to the real takeoff is to provide manufacturing scale and help bring down the cost," said Hanley.

The hybrid model is, for now, the most promising one, as it takes away the concern people may have about the operating range of alternative-energy cars, bridging the cars' practicability and environmental protection, he noted.

Inventors in China had filed more than 2,000 patent applications for new-energy cars as of the end of last year, one-fourth the number in Japan and half the number in the US, according to data from the United Nations World Intellectual Property Organization.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 中文字幕免费在线播放 | 欧美激情在线观看视频 | 国产一区在线免费观看 | 国产在线观看一区二区三区 | 国产午夜手机精彩视频 | 1024国产精品 | 久久官网 | 欧美一区二区视频在线观看 | 九九九九精品 | 免费在线黄 | 国产极品在线播放 | www色小姐com | 亚洲精品一区在线观看 | 久久国产精品-国产精品 | av中文字幕一区二区 | 精品国产乱子伦 | 久久国产精品网站 | 成人午夜视频免费看 | 中文字幕日韩三级 | 免费观看黄色网 | 美女久久久久久久久 | 国产免费视频一区二区三区 | 亚洲怡红院在线观看 | 伊人久久综合 | 中文字幕日韩在线观看 | 成人av中文字幕 | 久久视频中文字幕 | 久久青娱乐 | 外国av网站 | 亚州欧美日韩 | 自拍偷拍亚洲视频 | 国产 日韩 欧美 成人 | 视频一区 中文字幕 | 日韩精品一二 | 国产成人精品免费视频 | 久久久青草 | 天天干天天色综合 | 国产小视频在线免费观看 | 国产首页| 亚洲一区二区免费看 | 亚洲阿v天堂 |