Sign in to follow this  
William Maley

Industry News: Fisker Heads To China To Look For A Partner

3 posts in this topic

By William Maley

Staff Writer - CheersandGears.com

January 21, 2013

Last month, Fisker founder and Chairman Henrik Fisker said the company was looking for "potential strategic partners". The search has led the company to China. According to Reuters, Fisker is in talks with certain Chinese automakers.

Fisker's focus on China is due to the Chinese government's backing of local manufacturers in their efforts to acquire "green car" technology from abroad, as the government is trying to ramp up demand for electric cars and plug-in hybrids before the end of the decade.

Sources tell Reuters that Fisker has talked with China Grand Automotive Services Co, a large dealership group that has an agreement to distribute Fisker cars in China. Fisker has also talked with the Wanxiang Group, a Chinese supplier that had the winning bid for A123 Systems.

Sources say Fisker has also established contacts with a few other Chinese automakers and are expected to talk with them within the next few weeks.

"Fisker is in advanced talks with a number of potential strategic partners. We expect some exciting developments in the next few months," said Fisker spokesman Roger Ormisher in a email.

Source: Reuters

William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

Click here to view the article

Share this post


Link to post
Share on other sites

This is BAD news for them. China Companies will only steal their intellectual property. More American Technology going overseas due to Idiot Businessmen that can only see instant gratification rather than investing in this country long term.

Investment companies should be looking long term to make the technology part of the world standard and build it here for export.

This just shows even more how greedy the few at the company are and their lack of ability to look long term.

America WAKE UP!!! It is time to create, develop and grow new green technology long term here, not sell out to China.

Share this post


Link to post
Share on other sites

If Fisker wasn't on life support before... now they're DEAD to me. What an a-hole! Hang him high!

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoticons maximum are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  



  • Similar Content

    • By Drew Dowdell
      Ford announced today that once the current Ford Focus ends production in mid-2018, the model will shift production of the 2019 Ford Focus to China rather than Mexico. 
      The Focus is currently built at Ford's Michigan Assembly in Wayne, MI along side the C-Max Hybrid.  It has been known since mid-2015 that Focus production would be moving out of the U.S. once this model run was finished.
      During the 2016 Presidential election, then Candidate Trump criticized Ford for the move to Mexico, however Ford pointed out that they were making room for the upcoming Ford Ranger and Ford Bronco and that no jobs at Wayne Assembly will be lost as it retools for truck and SUV production.
      The Ford Focus will be the third vehicle sold in the United States built in China.  The other models currently manufactured in China for U.S. consumption are the Volvo S60 Inscription and the Buick Envision. Ford states this move will save $500 million on top of $500 million projected from a move to Mexico. Part of that savings comes from a reduction of the number of plants. Ford will only re-tool the plant in China rather than both China and North America.
      In the same announcement, Ford stated they will spend $900 million to retool its Kentucky Truck plant for the new 2018 Ford Expedition and 2018 Lincoln Navigator. 
      No word as to which vehicle will take the place of the Focus in the Mexico plant.
       
      View full article
       
    • By Drew Dowdell
      Ford announced today that once the current Ford Focus ends production in mid-2018, the model will shift production of the 2019 Ford Focus to China rather than Mexico. 
      The Focus is currently built at Ford's Michigan Assembly in Wayne, MI along side the C-Max Hybrid.  It has been known since mid-2015 that Focus production would be moving out of the U.S. once this model run was finished.
      During the 2016 Presidential election, then Candidate Trump criticized Ford for the move to Mexico, however Ford pointed out that they were making room for the upcoming Ford Ranger and Ford Bronco and that no jobs at Wayne Assembly will be lost as it retools for truck and SUV production.
      The Ford Focus will be the third vehicle sold in the United States built in China.  The other models currently manufactured in China for U.S. consumption are the Volvo S60 Inscription and the Buick Envision. Ford states this move will save $500 million on top of $500 million projected from a move to Mexico. Part of that savings comes from a reduction of the number of plants. Ford will only re-tool the plant in China rather than both China and North America.
      In the same announcement, Ford stated they will spend $900 million to retool its Kentucky Truck plant for the new 2018 Ford Expedition and 2018 Lincoln Navigator. 
      No word as to which vehicle will take the place of the Focus in the Mexico plant.
      Press Release on Page 2
      Source: Ford Media, Picture courtesy of Ford Motor Company


      FORD INVESTS IN KY. PLANT TO BUILD NEW EXPEDITION, NAVIGATOR; SMART, SPACIOUS NEW FOCUS FOR N.A. TO BE GLOBALLY SOURCED
      Ford is investing $900 million in Kentucky Truck Plant, securing 1,000 U.S. hourly jobs to build all-new Ford Expedition and Lincoln Navigator All-new Ford Expedition and Lincoln Navigator to be exported to more than 55 markets  globally – including Navigator to China; the company is a top auto exporter in the U.S. Exciting new Ford Focus on the way for North American customers beginning in 2019 with more technology, more space and a number of new Focus models. Next-generation Focus for North America will be globally sourced primarily from China – rather than Hermosillo, Mexico – with production starting in the second half of 2019. Current model production ends in mid-2018 This manufacturing plan allows the company to further grow its leadership as an exporter and deliver world-class Focus to North American customers in a way that makes business sense – with no U.S. employees out of a job Ford is saving $1 billion in investment costs versus its original Focus production plan, improving the financial health of its Focus business and further improving manufacturing scale in China – all helping create a more operationally fit company DEARBORN, Mich., June 20, 2017 – Ford today announced manufacturing actions centered on improving the company’s operational fitness and building vehicles that excite customers around the world.
      Ford is investing $900 million in Kentucky Truck Plant for plant upgrades to build the all-new Ford Expedition and Lincoln Navigator, which begin arriving in dealerships this fall. Both full-size SUVs will be exported to more than 55 markets globally – including Navigator to China. Ford is a top auto exporter in the U.S.
      The $900 million investment secures 1,000 jobs for hourly workers at the Louisville plant. This is in addition to the $1.3 billion investment and 2,000 jobs created at that plant in late 2015 to build the all-new Ford Super Duty. Kentucky Truck employs nearly 7,600 full-time hourly workers – and Ford has more U.S. hourly workers and builds more vehicles in the U.S. than any other automaker.
      “Large SUVs are attracting a new generation around the world – and we’re finding new ways to deliver the capability, versatility and technology that customers around the world really want with our all-new Ford Expedition and Lincoln Navigator,” said Joe Hinrichs, Ford executive vice president and president, Global Operations. “At the same time, we also have looked at how we can be more successful in the small car segment and deliver even more choices for customers in a way that makes business sense.”
      Ford’s next-generation Ford Focus will be more spacious and packed with technology that customers want.
      Production begins in the second half of 2019, with models coming from the company’s existing Focus plants globally. Most new North American Focus models initially will come from China, with additional variants coming from Europe later.
      No U.S. hourly employees will be out of a job tied to the new manufacturing plan for Focus. Production of the current North American Focus at the Michigan Assembly Plant continues through mid-2018. Following that, the plant will be converted to produce the Ranger midsize pickup truck in late 2018 and the Bronco midsize SUV in 2020.
      The new North America Focus production plan saves $1 billion in investment costs versus the original plan – $500 million on top of the $500 million savings announced earlier this year by cancelling plans for an all-new manufacturing facility in San Luis Potosi, Mexico, and moving Focus production to Ford’s Hermosillo, Mexico, plant.
      “Finding a more cost-effective way to deliver the next Focus program in North America is a better plan, allowing us to redeploy the money we save into areas of growth for the company – especially sport utilities, commercial vehicles, performance vehicles as well as mobility, autonomous vehicles and electrified vehicles,” Hinrichs said.
    • By William Maley
      It seems Cadillac has some updates in store for the XTS if some leaked pictures from Chinese website Autohome are the real deal.
      The pictures show the XTS taking some ideas from the CT6 and XT5. Up front is a broader, more upright grille with new headlights. Around back is a more sculpted trunk lid and L-shaped taillights.
      Powertrains are expected to carry over, meaning the U.S. will stick with the 3.6L V6 and twin-turbo 3.6L. Over in China, the XTS will stick with the 2.0L turbo-four. We wouldn't be surprised if there is an update for the CUE system.
      Source: Autohome

      View full article
    • By William Maley
      It seems Cadillac has some updates in store for the XTS if some leaked pictures from Chinese website Autohome are the real deal.
      The pictures show the XTS taking some ideas from the CT6 and XT5. Up front is a broader, more upright grille with new headlights. Around back is a more sculpted trunk lid and L-shaped taillights.
      Powertrains are expected to carry over, meaning the U.S. will stick with the 3.6L V6 and twin-turbo 3.6L. Over in China, the XTS will stick with the 2.0L turbo-four. We wouldn't be surprised if there is an update for the CUE system.
      Source: Autohome
    • By William Maley
      Chinese automakers see the U.S. as a land opportunity and have been making promises to start selling vehicles in the near future. None so far have made it. Now one Chinese brand is reconsidering their plans.
      SAIC Motor Corp., China's largest automaker and partner with GM, has put their U.S. ambitions on hold. Michael Yang, executive director of SAIC Motor’s international department said at a briefing that they have uncertainties about the trade policy between China and the U.S. due to the election of Donald Trump. Yang went on to say that the company would implement their U.S. strategy once it has gotten clarity. For the time being, SAIC has moved up plans to start selling vehicles in the European Union.
      “Eventually we aim to have all, but at the moment we are focusing on” China and then Europe, Yang said. “The reason is the ‘climate change’ after the new presidency.”
      This contrasts with another Chinese automaker, Guangzhou Automobile Group Co., (GAC) which plans on entering the U.S. by 2019 with their Trumpchi brand. Although there is talk that GAC is considering changing the name of the brand before arriving in the U.S.
      Source: Automotive News (Subscription Required)

      View full article
  • My Clubs

  • Who's Online (See full list)