Tag Archives: Geely Automobile

News, Politics, Government

U.S. Electric Automaker Fisker's Founder Quits After DoE Freezes Loan And Reported Talks With China's Geely

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By Agustino Fontevecchia, Forbes Staff

The design guru behind Fisker Automotive, maker of the sleek electric Fisker Karma sports sedan, announced he was stepping down on Wednesday due to “major disagreements” with the company’s executive management, according to several reports.  Fisker Automotive had seen the Department of Energy freeze a special green-energy loan and was considering selling a majority stake to Chinese automaker Geely Automobile, in order to secure funds to develop its second vehicle, the Fisker Atlantic. …read more
Source: FULL ARTICLE at Forbes Latest

News, Politics, Government

Go-Kart Maker Kandi Soars 11% On Joint Venture With Chinese Billionaire's Geely

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By Russell Flannery, Forbes Staff Shares in Kandi Technologies Group, a Chinese maker of small vehicles including go-karts, soared by 11.7% on the Nasdaq on Friday after an announcement that it would form a joint venture to make electric vehicles with Geely Automobile, one of China’s top non-government-controlled automakers.
Source: FULL ARTICLE at Forbes Latest