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Business

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Detroit Electric, Geely to Develop Electric Cars for China

Michigan-based startup electric automaker Detroit Electric and China’s Geely Automobile Group have agreed to develop electric cars and electric drivetrains for sale in Chinese market.
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Ford Investing £24M at UK Engine Plant

23 April, 2013 03:20:00
Ford Motor Co. will invest £24 million (about $31 million) in its Bridgend engine plant in the United Kingdom to produce a new fuel-efficient 1.5-liter EcoBoost engine.
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Fisker Fires Three-Fourths Of Its Employees

05 April, 2013 02:02:00
Struggling maker of luxury plug-in cars Fisker Automotive Inc. said on Friday it’s firing about three-fourths of its employees, as it struggles with financial and production problems.
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Henrik Fisker Steps Down from Fisker Automotive

13 March, 2013 12:01:00
Hennrik Fisker, founder and executive chairman of the California-based manufacturer of extended range electric vehicles Fisker Automotive Inc, has resigned.
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BMW i Ventures Invests in Life360

08 March, 2013 12:01:00
The BMW Group’s venture capital arm, BMW i Ventures, is announcing a new investment in the mobile technology company Life360.
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Chrysler $374M into Fuel-Efficient Transmissions

01 March, 2013 03:26:00
Chrysler Group LLC will invest nearly $374 million to boost fuel-efficient transmission production and add about 1,250 new jobs in north-central Indiana, making it the largest transmission installation in the world.
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Ford Invests $200M in Cleveland Engine Plant

22 February, 2013 03:25:00
Ford Motor Company will invest nearly $200 million and add 450 new jobs at its Cleveland Engine Plant to meet rising consumer demand for the award-winning 2.0-liter EcoBoost engine.
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Green Automotive to Acquire UK-based Going Green

13 February, 2013 12:51:00
Green Automotive Company, having recently acquired Liberty Electric Cars Ltd in Europe, announced that it has signed a binding agreement to buy UK-based electric vehicle distributor Going Green Limited.
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Nissan to Build New Passenger Car in Barcelona

05 February, 2013 12:46:00
Nissan has announced that it has allocated production of a new passenger car to its manufacturing plant in Barcelona.
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GM Investing $200M to Expand Powertrain Engineering

31 January, 2013 02:16:00
General Motors will invest $200 million into its Global Powertrain Engineering Headquarters in Pontiac, Mich. to build a new 138,000 sq.-ft. test wing, which is expected to be completed during the second half of 2014.
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