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PSA Peugeot Citroen, GM to Build Compact Vehicles in Joint Venture
PSA Peugeot Citroen and General Motors today confirm the signature of major agreements in the execution of their Global Strategic Alliance.
Infiniti to Build New Compact Model in Sunderland
19 December, 2012 10:52:00
Infiniti, the premium car brand of Nissan Motor Co. Ltd, announced plans to build new compact premium car at Nissan's Sunderland plant in the UK from 2015.
Johnson Controls Appeals A123 Bankruptcy Sale
17 December, 2012 03:17:00
Johnson Controls filed an appeal in bankruptcy court today of the Dec. 11, 2012 sale order approving Wanxiang's purchase of A123 Systems.
Renault-Nissan to Take Control of Russia’s AVTOVAZ by 2014
12 December, 2012 02:25:00
The Renault-Nissan Alliance and Russian Technologies State Corporation have created a joint venture which will hold their entire equity interests in AVTOVAZ and serve as a stable, long-term controlling shareholder for Russia’s largest car company and the owner of the LADA brand.
Tesla Sets Up European Distribution Center in the Netherlands
13 December, 2012 12:53:00
Tesla Motors is establishing a European Distribution Center in Tilburg, Netherlands, as a key step towards beginning worldwide distribution of Model S.
Johnson Controls Withdraws From A123 Systems Bankruptcy Auction
10 December, 2012 12:37:00
Johnson Controls officially withdrew from the bankruptcy auction to acquire portions of A123 Systems when it declined to match a higher bid submitted by Wanxiang.
China’s Wanxiang Wins Auction for A123 Systems
09 December, 2012 02:02:00
Wanxiang Group Corporation won a bid to acquire the assets of bankrupt battery maker A123 Systems that was funded partly with U.S. government money.
Volvo Cars Announces Major Investments in Sweden
03 December, 2012 10:45:00
Volvo Car Group's future as a strong, independent car maker based in Sweden is being reinforced with a multi-billion dollar investment in SPA (Scalable Product Architecture) and VEA (Volvo Engine Architecture).
Smith Electric Vehicles to Open New Facility in Chicago
29 November, 2012 01:00:00
Smith Electric Vehicles announced it will open a new manufacturing facility in Chicago after Mayor Rahm Emanuel announced plans to use a federal anti-pollution grant to create more customers for the batteries and electric vehicles that Smith Electric plans to manufacture here.
Volkswagen Announces €50B Investment Plan
24 November, 2012 02:03:00
Volkswagen AG announced plans to invest 50.2 billion euros ($65 billion) in new models, factories and green technologies over the next three years.
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