Audi to Invest €11.6B in Green Cars
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. About 80...
View ArticleEner1 Enters JV with Chinese Wanxiang
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...
View ArticleDaimler, Bosch in Electric Vehicle JV
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. The two companies have signed a letter...
View ArticleJohnson Controls Seeks to Dissolve Battery JV with Saft
Johnson Controls, Inc. filed a lawsuit in the Delaware Chancery Court to dissolve the Johnson Controls-Saft (JCS) li-ion battery joint venture. The JCS joint venture was formed in 2006 to develop and...
View ArticleChrysler 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. Chrysler...
View ArticleThink Global Files for Bankruptcy
Think Global AS, the Norwegian electric vehicle maker, has filed for bankruptcy protection in Norway, after failed attempts at recapitalization and restructuring. Ener1, the US lithium-ion battery...
View ArticleDaimler, Bosch Sign Contracts for Electric Motors JV
Daimler AG and supplier Robert Bosch GmbH have completed their negotiations and signed agreements on the establishment of a 50:50 joint venture for electric motors. The new company, which is to be set...
View ArticleJohnson Controls Ends Battery JV with Saft
Johnson Controls and Saft have reached an agreement to end their joint venture, Johnson Controls-Saft, which was formed in 2006 to develop and manufacture Li-ion vehicle batteries. Under the terms of...
View ArticlePSA, BMW Officially Launch EV Joint Venture
German premium brand BMW AG and French automotive group PSA Peugeot-Citroen has officially launched their joint venture to develop new hybrid and electric powertrains and components for use in future...
View ArticleDaimler and BAIC Widen Cooperation
Daimler and Chinese partner Beijing Automotive Group (BAIC) have signed a letter of intent in Stuttgart which will further deepen the comprehensive strategic alliance between the two companies. The...
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