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Ford Completes Sale of Volvo to Geely
China’s Zhejiang Geely Holding Group Company Ltd. has completed its $1.8 billion acquisition of Volvo Car Corp. from Ford Motor Co. after the deal won all necessary government approvals.
Panasonic to Take Full Control of Sanyo
29 July, 2010 08:16:00
Panasonic will spend up to $9.36 billion to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works to strengthen its position in the growing market for solar cells and rechargeable-batteries for electric and hybrid-electric vehicles.
Ford Invests $450m in New Thailand Plant for Focus
24 June, 2010 04:15:00
Ford will investing US$450 million (THB 15 billion) in a new state-of-the-art passenger vehicle manufacturing plant in Rayong, Thailand, scheduled for completion in 2012.
Panasonic EV Changes Name to Primearth
04 June, 2010 06:32:00
Panasonic EV Energy Co., a battery joint venture between Panasonic and Toyota has officially changed its name to Primearth EV Energy Co.
Ener1 Announces Joint Venture with Chinese Wanxiang
29 May, 2010 10:00:00
Indiana-based lithium-ion battery maker EnerDel, said its parent company Ener1, Inc. have entered a new joint venture with the electric vehicle division of Wanxiang, the largest 'tier one' auto parts producer in China.
Mahindra Takes Control of REVA Electric Car Co.
26 May, 2010 07:31:00
Indian car maker Mahindra & Mahindra has agreed to buy majority stake in Bangalore-based REVA Electric Car Co. aiming to strengthen its position in the low-emission electric auto market.
Tesla, Toyota Partners on Electric Cars
20 May, 2010 08:36:00
Toyota and Tesla Motors are partnering to make next-generation electric cars at a recently shuttered auto-assembly line in Northern California.
Ford to Build Hybrid Battery Packs in Rawsonville Plant
11 April, 2010 02:40:00
Ford’s Rawsonville plant in Ypsilanti Township has been picked as a site to assemble hybrid battery packs for Ford's new generation of electrified vehicles, according to the Detroit News report.
BorgWarner Buys Dytech ENSA
10 April, 2010 03:57:00
BorgWarner has acquired Spanish Dytech ENSA SL producer of exhaust gas recirculation (EGR) coolers, EGR tubes, and integrated EGR modules including valves for automotive and commercial vehicle applications, both on- and off-road.
Daimler Join Forces with Renault-Nissan Alliance
06 April, 2010 11:14:00
The Renault-Nissan Alliance and Daimler AG announced a new partnership to exchange capital and technology with particular emphasis on small, electric cars, powertrains and light commercial vehicles.
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