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VW Beefs Up U.S. Financial Arm
4/22/2012Volkswagen AG says it will expand its financial operations in the U.S. to support the company's planned sales increase.
IBM Adds Partners for Lithium-Air Battery Project
4/22/2012IBM Corp. says two Japanese battery materials companies, Asahi Kasei and Central Glass, are joining its Battery 500 Project to develop lithium-air batteries for electric vehicles.
JCI Profit Rises 3%
4/22/2012Johnson Controls Inc. posted a $364 million net profit in the fiscal second quarter ended March 31 compared with $354 million a year earlier.
NHTSA Plans EV Safety Forum
4/22/2012The National Highway Traffic Safety Administration says it will hold an informal meeting in Washington on May 18 to discuss the safety of automotive lithium-ion batteries.
NHTSA Schedules EV Battery Safety Forum
4/22/2012The National Highway Traffic Safety Administration is organizing an informal meeting in Washington on May 18 to discuss the safety of automotive lithium-ion batteries.
Lamborghini Reveals Crossover Concept
4/22/2012Volkswagen AG's Lamborghini unit says its Urus crossover concept could go into production in 2016 if VW approves the project.
Ford Will Expand Crossover Lineup in China
4/22/2012Ford Motor Co., which will have two crossover vehicles in its lineup in China by year-end, tells Reuters it will add two more models in the segment by the end of next year.
Toyota to Add Second Shift at Plant in Russia
4/22/2012Toyota Motor Corp. says it will boost output at its factory in St.
Mitsubishi Expects Big Loss in Europe
4/22/2012Mitsubishi Motor Corp. says it will record a 12.3 billion-yen ($151 million) extraordinary loss in the fiscal year that ended on March 31 from the planned closing of its Netherlands Car BV factory by December.
Has Fuji Heavy Scrapped Factory Plans in China?
4/22/2012Fuji Heavy Industries Ltd. has canceled its plans for a car joint venture in China with Chery Automobile Co. because it has been unable to obtain government permission, The Nikkei reports, citing unidentified company sources.