Saving PSA: Both, Chinese Dongfeng and the French government will inject 800 million euros (1.1b dollars) into the PSA corporation and get 14% shares each. Apart from this capital increase, the companies also vowed to strengthen their industrial partnership while Carlos Tavares, former Renault executive, is taking over as CEO.
Fisker deal finalised: Judge Kevin Gross at Delaware bankruptcy court has approved the sale of Fisker to Wanxiang America for 149.2 million dollars. The company wants to restart production asap and expects to sell about 1,000 Karmas in the next 18 months.
Fuel efficiency standards: U.S. President Barack Obama has announced plans to further increase fuel economy standards for medium and heavy-duty vehicles. As the private sector is expected to introduce things like hybrid systems and aerodynamic designs, the Obama administration continues to work on its ‘SuperTruck’ program.
New Chair of Via Motors: The company has made board member Bob Lutz its new Chairman. Lutz, former GM manager also known as the father of the Chevy Volt, is replacing Carl Berg who will remain Via Motor’s largest shareholder.
Saleen teams up with AC Propulsion: The tuning specialist is adding the electric car specialist to its design team to work on a new electric sports car. AC Propulsion has provided technology to Tesla in the past for developing the Roadster and will now take care of the motor and batteries of Saleen’s upcoming model.
BYD’s domestic sales: Last year the carmaker sold 1,544 units of its electric e6 and 142 Qin plug-in hybrids. Numbers for the Qin are low because it was only launched in December. January already saw stronger sales of 637. BYD hopes to sell 2,000 units a month.