#VALMETAUTOMOTIVE

Electronics

ZF Names Former Audi Chief Paefgen as Chairman

Electronics and powertrain supplier ZF Friedrichshafen AG has named Franz-Josef Paefgen as chairman of its supervisory board, effective at year-end.

Business

Mercedes Tops 1 Million Sales of GLK/GLC Crossovers

Daimler AG’s Mercedes-Benz brand says cumulative sales of its GLK/GLC model have surpassed 1 million units since the compact crossover/SUV was launched 10 years ago.

Sales

Chinese Battery Maker Buys Stake in Contract Assembler Valmet

A Chinese battery maker has acquired a 22% stake in Finnish contract vehicle assembler Valmet Automotive to help promote electric-car sales in Europe.

Hybrid

Fisker to Make Karma Hybrids in California

Fisker Automotive and Technology Group LLC intend to relaunch production of the Fisker Karma hybrid sport coupe in Moreno Valley, Calif., according to the city.

Propulsion

Fisker to be Relaunched as Elux

The owners of bankrupt Fisker Automotive Inc. plan to relaunch the brand as Elux in mid-2016, sources tell Reuters.

Hybrid

Report: Wanxiang to Relaunch Fisker Hybrid Brand in 2015

China's Wanxiang Group, which acquired the assets of bankrupt Fisker Automotive Holdings Inc. in March, still aims to introduce an updated version of the Fisker Karma hybrid in 2015, sources tell Reuters.

Propulsion

Court Approves Fisker Liquidation

A bankruptcy court has approved a plan to liquidate Fisker Automotive Holdings Inc. after the maker of Karma luxury plug-in hybrids sold its assets in February for $149 million to China's Wanxiang Group Corp.

Propulsion

Fisker Aims to Relaunch Karma Hybrid Next Year

The Chinese owner of bankrupt Fisker Automotive Inc. intends to resume production of the company's Karma hybrid sedan in mid-2015 but perhaps under a new brand name, The Detroit News reports.

Propulsion

Fisker Completes Asset Sale to Wanxiang

Fisker Automotive Inc. has completed the sale of virtually all its assets to an affiliate of Wanxiang America Corp. for $150 million.

Propulsion

“New Fisker” Hints at Expanded Lineup

Bankrupt hybrid electric carmaker Fisker Automotive Inc. has been relaunched as The New Fisker by the company's new owners, Chicago-based Wanxiang America Corp.

Propulsion

Consumer Reports: Fisker Karma “Full of Flaws”

Fisker Automotive Inc.'s $107,900 Karma extended-range hybrid handles well and uses first-rate materials in the passenger compartment.

Hybrid

Fisker May Drop Plan to Build Cars in Delaware

Fisker Automotive Inc. says it may not produce its Karma and just-announced Atlantic extended-range hybrid cars at its factory in Wilmington, Del., after all.

Propulsion

Fisker May Abandon U.S. Assembly Plant

Fisker Automotive Inc. says it may not produce its Karma and just-announced Atlantic extended-range hybrid cars at its factory in Wilmington, Del., after all.

Fisker Obtains Additional Financing

Fisker Automotive Inc. says it has received another $110 million in funding from unidentified investors.

Fisker Announces Additional Funding

Fisker Automotive Inc. says it has received another $110 million in financing from unidentified investors.

Hybrid

Fisker Fights Back

Last month, Fisker Automotive was suddenly the focus of attention not for its products but because it had received a $529-million loan from the Department of Energy as part of its Advanced Technology Vehicles Manufacturing Loan Program.

Propulsion

Losses Grow for EV Maker Tesla

Tesla Motors Inc., the California-base electric car company, says its revenue surged 85% year over year to $58 million in the second quarter.

Hybrid

Fisker to Begin Deliveries in October?

Fisker Automotive Inc. has produced several hundred of its $95,900 Karma hybrid sedans since March.

Hybrid

Fisker to Use BMW Engines in Next Plug-In Hybrid

Fisker Automotive Inc. says it will buy as many as 100,000 four-cylinder engines per year from BMW AG for the Nina plug-in hybrid sedan it plans to begin producing late next year.

Propulsion

Think Again: Russian Investor Buys Bankrupt EV Firm

Russian entrepreneur Boris Zingarevich has purchased Norwegian electric vehicle maker Think Global, which declared bankruptcy last month.

Propulsion

Russian Investor Buys Bankrupt Think Global EV Firm

Russian entrepreneur Boris Zingarevich has purchased Norwegian electric vehicle maker Think Global AS, whih filed for bankruptcy in June.

Hybrid

Russian Investor Buys Bankrupt EV Maker Think

Russian entrepreneur Boris Zingarevich has purchased Norwegian electric vehicle maker Think Global AS, which filed for bankruptcy last month.

Hybrid

EV Maker Think Files for Bankruptcy

Cash-strapped Norwegian electric car maker Think Global AS has filed for bankruptcy after failing to attract new capital investment.

Propulsion

EV Maker Think Files for Bankruptcy

Norway's Think Global AS electric car company has filed for bankruptcy after failing to restructure and attract new capital.