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Novelis to acquire downstream aluminum producer Aleris for ~$2.6B; meeting automotive demand, expanding into aerospace

Green Car Congress

the leading producer of flat-rolled aluminum products and the world’s largest recycler of aluminum, has signed a definitive agreement to acquire Aleris Corporation, a global supplier of aerospace and automotive rolled aluminum products, for approximately $2.6 Novelis Inc., billion including the assumption of debt.

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SiliconRepublic.com: IBM to build smart grid for electric cars - R&D

Tony Karrer Delicious EVdriven

In order to minimise carbon emissions linked to electrified transport, global attention on vehicles and infrastructure that will maximise the use of renewable energy for mobility has increased. “That is why we are making it possible for electric cars to enter the market in order to replace conventional fuel.

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