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Volvo Cars confirmed Tuesday it is working on a new lightweight three-cylinder gasoline engine. This new engine will be part of the company’s Drive E engine family. “We have come a long way in the last few years at Volvo. Investments from our parent company, Zhejiang Geely Holding Group, have enabled us to recapture our […]

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A deal to sell a majority stake in Fisker Automotive by mid March to Zhejiang Geely Holding Group won’t happen now due to Fisker’s obligations to the U.S. government. After that deal fell apart and was reported Monday, the Wall Street Journal subsequently reported last night a second Chinese bidder, Dongfeng Motor Corp. which had […]

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Financially challenged Fisker Automotive may be entertaining serious bids for a controlling interest by two Chinese suitors. The one looking most favorable, according to a “knowledgeable individual” who spoke to Reuters is the Zhejiang Geely Holding Group. Another possible contender is Dongfeng Motor Group Co. which is owned by the Chinese state, but word has […]

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