It seems to me an attempt to emulate Qoros, but using a (slightly) more familiar name. Designed in Germany, built in China. Qoros is not doing too well, so unless these people bring something with better value for money to the table, which I highly doubt, I don't see it happening. Besides, if a PHEV production car was already being developed to go on sale next year, as these people claim, industry insiders would surely know about it, but nobody seems to know anything. I think it's all just hot air. Would love to be proven wrong, though.