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In Chinese purchase of J.D. Power, backers and motives remain a mystery

What are the sources of the money, and what does Xio Group plan to do with Powers?

Chinese private equity firm XIO Group bought JD Power and Associates in 2016. Two years later, no one has any idea about Xio, nor its plans for JD Power.

The Truth Squad: Arguing The Auto Rescue Between The Campaigns

Here are the facts on the auto bailout

For a discussion centered on foreign policy, President Obama and Gov. Mitt Romney spent a lot of time discussing the condition of the U.S. auto industry during Monday night's presidential debate.

Official
Amp gets $7.5 million in private-equity funding from Kodiak Capital

California dreamin'? Well, for Ohio-based Amp Electric Vehicles, wishes for some much-needed funding came true courtesy of one Golden State private-equity firm. Amp has announced it has received a $7.5 million investment from Orange County, CA-based Kodiak Capital Group. The funds will allow Amp to further expand its EV-fleet production.

Report
Turkish private equity firm jumps into Saab buying fray

The next chapter in the Saab opera has a new protagonist called Brightwell Holdings, a Turkish private equity firm. Brightwell is is perhaps the unknown Turkish entity mentioned last year as having an interest in bankrupt Saab, along with India's Mahindra & Mahindra. A board member at Brightwell said the company will spend two weeks evaluating Saab's assets and then will make a bid, "there's no question."

Fisker announces $115.3 million in private equity funding to go with A123 battery deal

Henrik Fisker and the Karma plug-in hybrid – Click above for high-res image gallery

Jeep employees pissed about Chrysler sale

After months of speculation, the Chrysler sale happened without too much fanfare on Monday morning, as Cerberus came out as the top bidder, and several potential investors came away empty-handed. One of the few groups vying for control of Chrysler was its own employees, and Automotive News is reporting that those UAW members feel they never got a real chance.