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Koenigsegg Agrees to Buy Saab from GM
General Motors Corp. and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, today confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB that secures Saab’s future.
LG Chem to Spend $800m in New Electric-Car Battery Plant
10 June, 2009 09:11:00
LG Chem Ltd. said Wednesday it plans to spend 1 trillion won (US$800 million) to build an electric-car battery plant over the next four years.
Supreme Court Green Lights Chrysler Sale
10 June, 2009 07:40:00
The US Supreme Court has given a green light for a sale of the bankrupt carmaker Chrysler to the Italian firm Fiat.
Coda Enters the Lithium-Ion Battery Business
09 June, 2009 09:16:00
One week after revealing the Coda Electric sedan, Coda Automotive has entered into a joint venture (Coda Battery Systems LLC) to design, manufacture and sell automotive grade, lithium-ion battery power systems in the United States.
Penske Close to Deal with GM on Saturn
05 June, 2009 06:08:00
General Motors and Penske Automotive Group confirmed details of a proposed transaction under which Penske would acquire the Saturn brand by the end of the third quarter.
GM Has Buyer for Hummer Brand
02 June, 2009 05:49:00
General Motors announced it had entered into a memorandum of understanding (MoU) to sell its Hummer brand.
BorgWarner Acquires Next Generation Fuel-Efficient Ignition Technology
02 June, 2009 05:39:00
BorgWarner announced the purchase of an advanced gasoline ignition technology from Florida-based Etatech, Inc.
Chrysler Secures Court Approval for Asset Sale to Fiat
01 June, 2009 04:48:00
Chrysler LLC has secured court approval to sell most of its assets to a consortium led by Italy's Fiat.
Volvo, Vattenfall to Launch Plug-In Hybrid Cars In 2012
01 June, 2009 02:21:00
Swedish energy company Vattenfall and the Volvo Car Corporation said Monday they are launching an industrial joint venture partnership to introduce plug-in hybrid cars.
Germany Agrees with Magna to Save Opel
30 May, 2009 12:47:00
German government and Magna-led consortium have reached an agreement that could rescue ailing German carmaker Opel and save as many European jobs as possible.
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