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Panasonic, Tesla Agree on Terms for Giant Battery Factory
7/31/2014Panasonic Corp. has reached basic agreement with Tesla Motors Inc. to become a major partner in Tesla's planned $5 billion battery "gigafactory" in the western U.S., according to The Nikkei.
Audi Launches New Cost-Cutting Drive
7/31/2014Audi AG is starting a new "fitness program" to reduce fixed costs, improve efficiencies and make itself more agile, Reuters reports.
GM Korea Reaches Tentative Wage Pact
7/30/2014On Wednesday GM Korea's unionized hourly workers will begin voting on a proposed contract that would avert a strike at GM's four assembly and parts plants in South Korea.
U.S. Economy Expands 4%
7/30/2014America's real gross domestic product expanded by an annualized 4.0% in the second quarter, reversing a revised 2.1% contraction in January-March, according to the U.S.
Researchers Tout Lithium Anode Breakthrough
7/30/2014A research team at Stanford University says it has found a way to equip batteries with stable all-lithium metal anodes.
Honda Drops Fit EV, Insight Hybrid in U.S.
7/30/2014Honda Motor Co. confirms it will phase out its Insight hybrid sedan and the electric version of its Fit minicar in the American market by the end of this year.
Toyota Launches CVT Production in China
7/30/2014Toyota Motor Corp. has begun making continuously variable transmissions in Changshu, China.
ZF in “Advanced” Talks to Acquire TRW
7/30/2014ZF Friedrichshafen AG is in close to a deal to buy TRW Automotive Holdings Corp. for around $12 billion (€9 billion), according to unnamed sources cited by Reuters.
Fiat’s Sales Rise, But Profit Sags
7/30/2014Fiat SpA's second-quarter revenue rose 5% to €23.3 billion, and worldwide vehicle shipments advanced 2% to 1.2 million units.
Hyundai Recalls 883,000 Cars with Gear Shift Flaw
7/30/2014Hyundai Motor Co. is preparing to call back 883,000 of its 2011-2014 model Sonata sedans to check for a possible loose connection between the shift lever and shift cable.