久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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: 日本强不卡在线观看 | 最全精品自拍视频在线 | 最新国产精品亚洲 | 精品视自拍视频在线观看 | 日韩在线观看一区 | 91久久国产精品视频 | 青青草国产免费一区二区 | 在线视频 一区二区 | 久草在线国产 | 日韩看片 | 99精品偷自拍 | 国产不卡一区二区三区免费视 | 亚洲精品国产精品一区二区 | 在线看一级片 | 怡红院免费全部视频在线视频 | 国产精品手机视频一区二区 | 亚洲自偷自拍另类12p | 久久久久久久久久久福利观看 | 日韩欧美毛片免费观看视频 | 国产欧美一区二区三区免费看 | 日韩一级片视频 | a毛片在线还看免费网站 | 手机看片日韩高清国产欧美 | 欧美成人亚洲高清在线观看 | 国产精品自拍在线观看 | 久久亚洲精品中文字幕三区 | 成人久久18免费软件 | 免费国产一级特黄久久 | 亚洲一区二区三区免费在线观看 | 男女免费观看视频 | 国产区精品一区二区不卡中文 | 手机在线成人精品视频网 | 亚洲日本在线看片 | 免费毛片播放 | 亚洲国产日韩综合久久精品 | 成人影视免费 | 69成人免费视频 | 欧洲美女与男人做爰 | 日本波多野结衣视频 | 波多野结衣在线观看3人 | 国产成人精品免费视频大全五级 |