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Business

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Ford to Convert Truck Plant For Small Car Production

Ford Motor Company said on Tuesday it will invest $75 million to convert its Michigan Truck Plant into a facility for small-car production as part of the automaker's plans to shift production to more in- demand fuel-efficient vehicles.
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Protesters May Force Tata Factory to Shutdown

26 August, 2008 06:23:00
40,000 protesters have gathered at the Indian factory site of Nano, the world's cheapest car, alleging the land was illegally seized from farmers.
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ZAP to Build $84 Million Plant in Kentucky

25 August, 2008 04:43:00
Electric-vehicle manufacturer ZAP will build new $84 million low-speed electric vehicles at a plant that is expected to employ 4,000 workers plant in Franklin, Ky., near the Kentucky-Tennessee border.
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Sanyo in Talks with Major Carmakers on Li-Ion Batteries

24 August, 2008 04:01:00
Japanese electronics giant Sanyo said on Friday it was in talks with six major carmakers in Europe, the United States and Japan on the supply of auto-use batteries.
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GM Announces $500 Million Investment on Chevrolet Cruze

21 August, 2008 04:48:00
General Motors has announced that the company will invest more than $500 million in the U.S. to build the Chevrolet Cruze, an all-new global compact car.
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EU Approves Bosch, Samsung Battery Venture

19 August, 2008 09:46:00
Bosch and Samsung SDI won approval from the EU Commission on Monday to form a hybrid electric vehicle battery joint venture to boost their presence in the next-generation lithium-ion battery business.
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Hyundai to Invest $11 Billion in R&D

18 August, 2008 08:22:00
South Korea's largest automaker, Hyundai-Kia Automotive Group, plans to invest more than 11 trillion won ($11 billion) in research and development (R&D) and facilities upgrades this year.
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Chrysler to Invest $1.8B in Jefferson North Plant

13 August, 2008 12:15:00
Chrysler LLC has announced it will invest $1.8 billion retooling and expanding its Jefferson North Assembly Plant to make a new car-based sport utility vehicle starting in 2010.
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Ener1 Gains Complete Ownership in EnerDel

13 August, 2008 12:07:00
Ener1, Inc. has taken complete ownership of EnerDel, including essential manufacturing and intellectual property assets from former joint venture partner Delphi Automotive Systems LLC.
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Chrysler in Talks With Nissan on Midsize Cars

07 August, 2008 01:46:00
Chrysler is in talks with Nissan Motor about expanding their cooperation to jointly producing midsize cars.
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