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Fisker about to be bought by Volvo’s Chinese owner Geely?

It’s reported that China’s Geely – which bought Volvo from Ford – is about to take a majority stake in Fisker Automotive. But Fisker has run in to big problems when its battery supplier - A123 Systems – went bust leading to Fisker production grinding to a halt. That has now been resolved with China’s Wanxiang Group buying up A123 Systems and it looks like Fisker is heading East too with Geely set to grab a majority shareholding.

Saab SOLD to National Electric Vehicle Sweden

The Swedish press are reporting this morning that Saab administrators have agreed a deal to sell Saab to National Electric Vehicle Sweden. The Saab Saga has been going on so long it’s hard to think of it is a car maker any more. But that may be about to change.

New GM Europe chief's plans for Opel/Vauxhall

Nick Reilly speaks out on the future of GM Europe By Richard Webber Motor Industry 07 December 2009 13:54 Following General Motors' back-track on a buy-out from Magna in November 2009, the company's president of international operations Nick Reilly was appointed interim head of GM Europe. Now he's been made the permanent CEO of Vauxhall and Opel, making him the man charged with guiding GM's European division back to profitability.GM has big plans for Opel and Vauxhall, but has made no secret that there will be widespread pain and change before the good times return. The turnaround plan is nearing completion and it's expected there will be around 8300 redundancies, spread around Europe.