-
Articles
The latest Automotive News and UpdatesThe Los Angeles Auto Show hosts a Designers Challange to concoct transportation of the future. With that, we get Mercedes Ener-G-Force SUV. An SUV that to some might imagen up the End of the World survival mobile. Tell us what you think of this ride!
There are increasing signs the electric car strategy is doomed while natural gas vehicles are rapidly gaining traction. Let's take a closer look at this important issue. Which companies will thrive and which companies will be left by the wayside?
Toyota declared in September that it’s watering down its battery electric vehicle (BEV) plans by cutting back the production of the small Toyota eQ (known as the Scion iQ stateside).
Lithium ion battery maker A123 Systems today said it has sold its automotive business to Johnson Controls and is filing for bankruptcy protection.
The moves are a change in strategy for the ailing Waltham, MA-based company, which in August said it will sell an 80 percent share to the auto parts division of Chinese conglomerate Wanxiang for $450 million.
Johnson Controls will acquire a significant set of assets for its $125 million investment, some of which were paid with federal aid. A123 Systems’ auto business includes its technology, two battery factories in Michigan, a cathode powder manufacturing facility in China, and A123’s stake in two auto parts suppliers in China. Johnson Controls also will put up $72.5 million so A123 can maintain operations during the sale.
-
-
Latest News
-