More carmakers caught in headlights of VW engine-rigging scandal

More carmakers caught in headlights of VW engine-rigging scandal
Volkswagen has admitted it installed illegal software into 11 million 2.0 liter and 3.0 liter diesel engines worldwide (AFP Photo/Josh Edelson)

Volkswagen emissions scandal

Volkswagen emissions scandal

Iran's 'catastrophic mistake': Speculation, pressure, then admission

Iran's 'catastrophic mistake': Speculation, pressure, then admission
Analsyts say it is irresponsible to link the crash of a Ukraine International Airline Boeing 737-800 to the 737 MAX accidents (AFP Photo/INA FASSBENDER)

Missing MH370 likely to have disintegrated mid-flight: experts

Missing MH370 likely to have disintegrated mid-flight: experts
A Malaysia Airlines Boeing 777 commercial jet.

QZ8501 (AirAsia)

QZ8501 (AirAsia)

Leaders see horror of French Alps crash as probe gathers pace

Leaders see horror of French Alps crash as probe gathers pace
"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Sunday, February 16, 2014

Wanxiang's Fisker bid marks its shift towards electric car production

Want China Times, Staff Reporter 2014-02-16
Lu Guanqiu, second left, Nov. 24, 2013, in Beijing. (Photo/Xinhua)

Wanxiang Group, China's leading auto-parts maker, is poised to foray into the realm of electric cars, by first taking over Fisker and then working with Tesla, both US electric-car makers, according to Lu Guanqiu, founder of the group.

The result of the group's flirtations with Fisker have yet to become clear with no news after the Feb. 12 auction of the US company's assets by the bankruptcy court of Delaware State.

The two main bidders were Wanxiang and an energy firm owned by Hong Kong tycoon Richard Li Tzar Kai. Lu Guanqiu said he was confident of winning the bidding, and has said that his group enjoyed an advantageous position.

Before the bidding, Chinese-language 21st Century Business Herald cited an insider who said that the outcome of the contest is still uncertain, and that Fisker's assets have been overvalued.

With the Chinese government's policy apparently leaning towards pure electric cars, rather than hybrid models, Wanxiang expects to start turning out complete cars quickly, should it win out in the bid for Fisker. As a reflection of his eagerness, Lu Guangxi made a final offer of US$35.7 million, a whopping premium of 87.5% for Fisker.

The Fisker takeover will help Wanxiang ease the bottleneck for the further development of its auto-parts operation, which is facing multiple difficulties, including an inability to produce key components/parts, low added value for products, lack of key technologies, and the dearth of support from both municipal and central governments.

Lu decided to transform the operations of his group during the global financial tsunami in 2008, when its orders plunged by one third in two months. One key move is a foray into the electric car sector, for which Wanxiang inked an agreement with Ener1 in 2011 to set up an auto lithium battery venture.

The takeover of Fisker, if successful, will enable Wanxiang to enter the complete-car production sector, as the company already secured a complete-car manufacturing license from the Chinese government in Nov. 2013. Wanxiang has opted for the production of pure electric cars, in order to sidestep the formidable competition posed by Japanese firms in the sector of hybrid models. Previously, Wanxiang acquired A123, the sole battery supplier for Fisker's Karma electric car.
Posted by Cempaka at 7:32 PM
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