Although you may not think “Finland” and “automotive manufacturing,” you should know that there is a company based in Uusikaupunki that has been building cars for a variety of manufacturers since 1969.
Electronics and powertrain supplier ZF Friedrichshafen AG has named Franz-Josef Paefgen as chairman of its supervisory board, effective at year-end.
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.
A Chinese battery maker has acquired a 22% stake in Finnish contract vehicle assembler Valmet Automotive to help promote electric-car sales in Europe.
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.
The owners of bankrupt Fisker Automotive Inc. plan to relaunch the brand as Elux in mid-2016, sources tell Reuters.
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.
Although the auto industry in Finland isn’t exactly large, Valmet Automotive has long been a specialty manufacturer hired by companies including the former-Fisker to build the Karma and the still-existing Mercedes to build the A-Class.
Gary S. Vasilash
Transportation Editor, Gardner Business Media
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.
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.
Fisker Automotive Inc. has completed the sale of virtually all its assets to an affiliate of Wanxiang America Corp. for $150 million.
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.
Fisker Automotive Inc.'s $107,900 Karma extended-range hybrid handles well and uses first-rate materials in the passenger compartment.