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Advanced PHEV System Manufacturer Odyne Corp. Suspends its Operations
Odyne Corporation, a clean technology company that develops advanced hybrid electric vehicle propulsion systems, announced that the company will be suspending operations.
Nissan, NEC Invest $1.1B to Increase Li-ion Battery Supply
29 December, 2008 10:40:00
Nissan Motor Co. and NEC Corp Corporation announced that they would invest about $1.1 billion in their joint venture to boost manufacturing capacity of lithium-ion batteries for about 200,000 electric and hybrid cars annually in 2011 or later.
Panasonic Buys Sanyo to Form EV Battery Giant
19 December, 2008 09:13:00
Japanese electronics giant Panasonic announced its plans to buy Sanyo in Y800 million ($9 billion) deal, creating a $126 billion electronics giant mainly focused on a solar cells and rechargeable-batteries for electric and hybrid-electric vehicles.
Chrysler Shuts Down North American Factories for a Month
17 December, 2008 11:55:00
Chrysler LLC is shutting down all its North American factories due to the continued lack of consumer credit for the American car buyer and the resulting dramatic impact it has had on overall industry sales in the United States.
GM Puts Volt Engine Plant on Hold
17 December, 2008 11:41:00
General Motors, anxiously awaiting a government loan so it can continue operations into 2009, will halt construction on Flint's $370-million new engine plant for the 2010 Chevrolet Volt and 2010 Chevrolet Cruze.
GM Opens New Plant in China
17 December, 2008 04:49:00
General Motors and one of its joint-venture partners in China, SAIC Motor, opened a new car manufacturing plant in northeast China on Wednesday with an annual production capacity of 150,000 units.
Honda Forms Hybrid Battery JV with GS Yuasa
17 December, 2008 03:30:00
GS Yuasa and Honda Motor have agreed to form a joint venture to make high-performance lithium-ion batteries primarily for hybrid vehicles.
Toyota and Isuzu Put Small Diesel Engine Procejt on Hold
16 December, 2008 04:19:00
Toyota and Isuzu have decided to put joint venture project to develop a new 1.6 liter diesel engine on hold due to uncertainty over vehicle demand.
Daimler Launches Lithium-ion Battery JV with Evonik
15 December, 2008 04:26:00
Daimler AG and Evonik Industries AG created a joint venture to develop and manufacture automotive lithium-ion batteries based on Evonik’s lithium-ion technology.
Fiat May Merge with PSA Peugeot Citroen
15 December, 2008 06:25:00
PSA Peugeot Citroen and Fiat are considering a potential merger, which would make the new Fiat-PSA entity the world’s number 4 carmaker.