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Geely leading China bids for U.S. green-car startup Fisker: sources

2013-02-18 10:48:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: China's Zhejiang Geely Holding Group is favoured to secure a majority stake in troubled U.S. electric car maker Fisker Automotive, according to two sources familiar with Fisker's search for a strategic investor or partner. Fisker, the Anaheim-based plug-in hybrid maker, is currently weighing bids from two Chinese auto makers: Geely, the owner of Sweden's Volvo, and state-owned Dongfeng Motor Group Co.. The interest in Fisker reflects China's strong push into alternative fuel cars as it seeks...

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