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Business

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Chrysler Pays Back Government Loans

Chrysler Group LLC announced today it has repaid $7.6 billion in loans to the U.S. and Canadian governments more than six years earlier than required under an agreement reached in June 2009.
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Johnson Controls Seeks to Dissolve Battery JV with Saft

19 May, 2011 12:19:00
Johnson Controls, Inc. filed a lawsuit in the Delaware Chancery Court to dissolve the Johnson Controls-Saft (JCS) li-ion battery joint venture.
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Daimler, Bosch in Electric Vehicle JV

12 April, 2011 07:56:00
Daimler AG and Robert Bosch GmbH have agreed to set up a 50-50 joint venture to produce electric motors to be used in Mercedes-Benz and Smart electric vehicles.
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Ener1 Enters JV with Chinese Wanxiang

18 January, 2011 10:24:00
Ener1, Inc. and Wanxiang Electric Vehicle Co., Ltd., a division of the Chinese conglomerate Wanxiang Group Corporation, signed a joint venture agreement to co-manufacture Li-ion cells and battery packs for the rapidly growing Chinese market.
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Audi to Invest €11.6B in Green Cars

29 December, 2010 12:14:00
German luxury car maker Audi AG plans to invest about €11.6 billion (US$15.3 billion) between 2011 and 2015, primarily in green cars and technologies, as well as in upgrading its sites.
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GM Strengthens Ties with SAIC

03 November, 2010 11:23:00
General Motors and its Chinese partner SAIC Motor Corp. today signed an agreement to deepen their technical cooperation in the development of alternative-energy vehicles in the world’s largest auto market.
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GM Invests $23.5m for EV Components in Baltimore

29 September, 2010 01:35:00
General Motors has announced plans to invest US$23.5m at its Baltimore Transmission Plant to boost production of electric vehicle components.
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GM to Invest $483m to Build Ecotec Engines

18 September, 2010 06:58:00
General Motors is planning to invest $483 million and add 483 jobs to ramp up production of four-cylinder Ecotec engines at its engine plant in Spring Hill, Tenn.
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Ford Completes Sale of Volvo to Geely

02 August, 2010 06:40:00
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.
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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.
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