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JCI Aims to Buy A123 Assets from Bankruptcy
10/17/2012Johnson Controls Inc. has agreed to pay $125 million to acquire the automotive battery business of A123 Systems Inc., which filed for bankruptcy protection on Tuesday.
GM to Build Cadillac Plug-in Car
10/16/2012General Motors Co. plans to spend $35 million to prepare its Hamtramck, Mich., assembly plant to begin producing the Cadillac ELR extended-range hybrid coupe late next year.
GM to Add Cadillac Version of Volt in 2013
10/16/2012General Motors Co. confirms the Cadillac ELR, a two-door extended-range hybrid, will debut at the end of next year.
Turbo Market May Double in Five Years
10/16/2012Global demand for turbocharged engines will surge 80% to 36 million units per year and capture 40% of worldwide light vehicle sales by 2017, predicts Honeywell International Inc.
A123 Files for Bankruptcy Protection
10/16/2012A123 Systems Inc., the Waltham, Mass.-based maker of lithium-ion batteries for electric vehicles, filed for bankruptcy protection today.
UPDATE: A123 Declares Bankruptcy
10/16/2012A123 Systems Inc., the Waltham, Mass.-based maker of lithium-ion batteries for electric vehicles, filed for bankruptcy protection today.
Europe's Sales Slide Accelerates
10/16/2012Sales of new passenger vehicle in Europe dropped 11% to 1.13 million units in September, marking the third month of accelerating decline, according to industry trade group ACEA.
Car Sales in Europe Plunge 11%
10/16/2012Passenger vehicle registrations across Europe fell to 1.13 million units in September from 1.27 million a year earlier, industry group ACEA reports.
Honda May Build Hybrid Accord in U.S.
10/16/2012Honda Motor Co. could begin producing the upcoming plug-in hybrid version of the Accord midsize sedan in America as early as 2015, according to Nikkei Sangyo Shimbun.
Jaguar Land Rover Sales Drop 4%
10/16/2012Demand for Jaguar and Land Rover vehicles slid to 26,500 units last month from 27,600 units in September 2011 the first year-on-year decline for the brands since July 2011.