Troubled Fisker Automotive Sees Interest in China's Geely Holding Group bid for Green Car Model

By Edward B. Doong

Feb 19, 2013 09:55 PM EST

Chinese Zhejiang Geely Holding Group competes with Dongfeng Motor Group Co. to secure majority stake at troubled American electric auto maker Fisker Automative which headquarters in Anaheim, California. 

According to sources, Geely appears to be favored to win the bid amidst the strong stance of China into alternative fuel cars for green technology.

Recently, representatives at Fisker revealed to have received offers from 200 million dollars to 300 million dollars to acquire its majority stake. They consider Geely as potential winner as they believe it is more focused on improving their green technology for electric cars.

Individuals close to Fisker reported that the bid would support its aim to create its Atlantic plug-in hybrid car model, which is expected to be the company's high volume automobile. 

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