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Battery Maker Exide Hires Restructuring Adviser
4/4/2013Ailing battery maker Exide Technologies Inc. confirms it has retained investment bank and restructuring expert Lazard Ltd. to advise it on financing alternatives.
Daimler Planning New Line of Mini-Sized Cars?
4/4/2013Daimler AG's Mercedes-Benz unit is developing at least two "X-Class" small vehicles that would compete with the Audi A1 and BMW Mini, according to Germany's Auto Bild.
Researchers: Don’t Rule Out Lead-Acid Batteries Yet
4/4/2013Material costs make lithium-ion batteries uncompetitive with piston power, but the venerable lead-acid battery just might be the key to boosting the appeal of electrified vehicles.
Aircraft Firm Buys Historic Willow Run Site
4/4/2013International Turbine Industries, a jet engine maintenance company, has acquired the site of General Motors Co.'s Willow Run factory in Ypsilanti Township, Mich., for an undisclosed amount.
GM to Invest $378 Million in U.S. Powertrain Plants
4/4/2013General Motors plans to spend $332 million on four powertrain factories in the Midwest and $46 million to supplement its investment in two other Michigan powertrain facilities.
Fisker Settles Claims with A123
4/4/2013The creditors committee of bankrupt battery maker A123 Systems Inc. has reached an agreement with Fisker Automotive Inc. to pay the ailing hybrid carmaker $15 million to settle its $140 million in claims, Bloomberg News reports.
Chrysler Buyers Test Track in Florida
4/4/2013Chrysler Group LLC has spent $7 million to buy a 530-acre proving ground near Naples, Fla., that was once owned by Ford Motor Co.
Foreign Brands Boost Car Sales in Japan
4/4/2013Deliveries of foreign cars and trucks in Japan rose 10% to 245,700 vehicles in the fiscal year that ended on March 31 compared with the previous 12 months, the Japan Automobile Importers Assn. reports.
Car Sales in Germany Drop 17%
4/4/2013Registrations of new cars in Germany fell to 281,200 units last month from 339,200 units in March 2012, federal auto bureau KBA reports.
Foreign Car Brands Boost Sales in Japan
4/3/2013Deliveries of foreign cars and trucks in Japan rose 10% to 245,700 vehicles in the fiscal year that ended on March 31 compared with the previous 12 months, the Japan Automobile Importers Assn. reports.