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Fisker Becomes Karma Automotive, To Relaunch In 2016

Green Car Reports

Henrik Fisker hasn't been involved with his namesake company since before it declared bankruptcy in 2013. But Fisker Automotive has continued to bear his name since being purchased by Chinese automotive supplier Wanxiang.

Karma 60
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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

Green Car Congress

Incurrence of the remaining $50 million of loans under the Senior Secured Bridge Facility would be subject to the satisfaction of certain approvals and conditions, including receipt of favorable determination from CFIUS and receipt of Chinese government approvals. The second quarter of 2012 net loss included a $8.4

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