China carmaker Dongfeng drops bid for Fisker stake -sources

Newswire

BEIJING/DETROIT March 28 (Reuters) - Chinese state-owned carmaker Dongfeng Motor Group will not pursue a bid for a stake in troubled U.S. electric car startup Fisker Automotive because it would be too difficult to move production to China, according to three sources familiar with the matter. Dongfeng's decision comes shortly after another Chinese auto maker, Zhejiang Geely Holding Group, also decided not to bid for Fisker, and appears to leave the U.S. company without a ...

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