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wanxiang group

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    Report: New Fisker owner Wanxiang is a $23-billion-a-year auto parts company
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    If you thought early Fisker Karma buyers like celebrities Leonardo DiCaprio and Cee Lo Green had deep pockets, get a load of the company's new owners. China's Wanxiang Group, which earlier this year acquired the extended-range plug-in vehicle maker in a bankruptcy auction, generates more than $23 ...

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    Report: New CEO for A123 Systems as battery company turns more to China
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    A123 Systems, the lithium-ion battery maker that was acquired out of bankruptcy in January, has promoted Jason Forcier to chief executive officer and said it would attempt to build up its business by attracting more China-based customers, Reuters reports. The company also said its executives ...

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    Report: A123 sale to Wanxiang Group approved by US government
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    Wanxiang Group's acquisition of lithium-ion battery maker A123 Systems has been approved by the US government, according to a statement from the Chinese auto parts maker. Wanxiang's US unit had agreed to pay $257 million for A123's automotive battery business and related assets in a bankruptcy ...

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    Report: A123 loses $116 million US grant remainder due to Wanxiang acquisition
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    Bankrupt lithium-ion battery maker A123 Systems may have gained a new owner, but will lose a lot of money in the pending sale to China-based Wanxiang Group, Reuters reports, citing an unidentified US Energy Department official. Specifically, A123, which filed for bankruptcy in October, will ...

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