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Fisker goes to China's Wanxiang

China's Wanxiang Group won an auction for Fisker Automotive Holdings Inc., the maker of luxury plug-in hybrid cars, with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy. Wanxiang topped Hybrid Tech Holdings during the auction, which began on Wednesday and went through 19 rounds of bidding, with an offer that includes $126.2 million in cash and $8 million in assumed liabilities, Fisker said Friday in a statement. U.S.

BMW releases videos 'outlining' 3 Series history

The BMW 3 Series has been a mainstay within the range for nearly 40 years, embodying the values and design direction of the German brand to become the perennial bestseller in markets worldwide. Over the course of the last four decades, the company has launched an all-new model fitted with advancements in not only mechanical componentry, but also design and safety, to coincide with the needs and desires of customers at the time. The compact executive class car, available in no less than five different body styles at one point, is still considered the benchmark in many design studios, not to mention those thriving to replicate its dynamic driving attributes.

Volvo develops new energy storage technology

Volvo is looking to make heavy batteries in electric vehicles a thing of the past, unveiling a new technology still under development that could use the body panels of the vehicle to store energy. Everyone knows that right now one of the biggest technological limiting factors of electric vehicles are the batteries. They can be damaged through depletion, they add weight, they use expensive and polluting technologies to manufacture, and they just don't hold as much energy as we'd like.