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Business

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Ford Invests $450m in New Thailand Plant for Focus

Ford will investing US$450 million (THB 15 billion) in a new state-of-the-art passenger vehicle manufacturing plant in Rayong, Thailand, scheduled for completion in 2012.
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Panasonic EV Changes Name to Primearth

04 June, 2010 06:32:00
Panasonic EV Energy Co., a battery joint venture between Panasonic and Toyota has officially changed its name to Primearth EV Energy Co.
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Ener1 Announces Joint Venture with Chinese Wanxiang

29 May, 2010 10:00:00
Indiana-based lithium-ion battery maker EnerDel, said its parent company Ener1, Inc. have entered a new joint venture with the electric vehicle division of Wanxiang, the largest 'tier one' auto parts producer in China.
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Mahindra Takes Control of REVA Electric Car Co.

26 May, 2010 07:31:00
Indian car maker Mahindra & Mahindra has agreed to buy majority stake in Bangalore-based REVA Electric Car Co. aiming to strengthen its position in the low-emission electric auto market.
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Tesla, Toyota Partners on Electric Cars

20 May, 2010 08:36:00
Toyota and Tesla Motors are partnering to make next-generation electric cars at a recently shuttered auto-assembly line in Northern California.
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Ford to Build Hybrid Battery Packs in Rawsonville Plant

11 April, 2010 02:40:00
Ford’s Rawsonville plant in Ypsilanti Township has been picked as a site to assemble hybrid battery packs for Ford's new generation of electrified vehicles, according to the Detroit News report.
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BorgWarner Buys Dytech ENSA

10 April, 2010 03:57:00
BorgWarner has acquired Spanish Dytech ENSA SL producer of exhaust gas recirculation (EGR) coolers, EGR tubes, and integrated EGR modules including valves for automotive and commercial vehicle applications, both on- and off-road.
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Daimler Join Forces with Renault-Nissan Alliance

06 April, 2010 11:14:00
The Renault-Nissan Alliance and Daimler AG announced a new partnership to exchange capital and technology with particular emphasis on small, electric cars, powertrains and light commercial vehicles.
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Think Announces New Product Development Facility

29 March, 2010 01:51:00
EV maker THINK has announced an investment in a brand new, state-of-the-art product development facility at its corporate headquarters in Fornebu, Oslo, Norway.
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Geely Buys Volvo from Ford for $1.8 Billion Dollars

28 March, 2010 10:47:00
Zhejiang Geely Holding Group signed a deal worth 1.8 billion U.S. dollars to buy Ford's Volvo Cars unit, allowing the Chinese automaker to enter European and North American car market.
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