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GM to invest $450M in Argentina

Green Car Congress

General Motors will invest $450 million between 2013 and 2015 to expand its Rosario Automotive Complex to build an all-new global Chevrolet vehicle, Chairman and CEO Dan Akerson said Wednesday. GM Argentina produced a record of more than 136,000 vehicles at its Rosario facility in 2011. —Isela Costantini.

Argentina 231
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Nissan investing $600M in Argentina; domestic production of new pick-up

Green Car Congress

Nissan Motor will invest $600 million in Argentina and will become an Original Equipment Manufacturer (OEM) with the domestic production there of an all-new NP300 Frontier pick-up. The global Renault-Nissan Alliance will serve as a tool to kick-off Nissan’s manufacturing operations in the country.

Argentina 150
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SK On takes 10% stake in Australia’s Lake Resources; battery-grade lithium supply deal

Green Car Congress

SK On, a global electric vehicle (EV) battery manufacturer, signed a lithium supply deal with Australia’s Lake Resources ( earlier post ), a move that will further strengthen its key battery materials supply chain in response to robust business growth and geopolitical risks. million electric vehicles (EVs). Earlier post.).

Supplies 293
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Ford, Rio Tinto sign MOU for battery and low-carbon materials supply to support net-zero future

Green Car Congress

Ford Motor Company and Rio Tinto have signed a non-binding global memorandum of understanding (MOU) jointly to develop more sustainable and secure supply chains for battery and low-carbon materials to be used in Ford vehicles. Rio Tinto completed its acquisition of Rincon earlier this year. Earlier post.) Earlier post.)

Carbon 186
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Scotia Economics report sees double-digit increase in global vehicle production in first half of 2011; China to surpass European vehicle output this year

Green Car Congress

Rising global vehicle sales and profitability have encouraged automakers to continue to increase vehicle production, providing the global economy with some positive offset to the dampening impact of the recent surge in energy prices, according to the latest Global Auto Report released on Friday by Canada-based Scotia Economics.

2011 199
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Mercedes-Benz Vans launches new Vito in China; unveiling electric van of future this week

Green Car Congress

Mercedes-Benz Vans launched its new mid-size van—the Vito—at the Chengdu Motor Show in China on Friday. The first batch of the new Vito rolled off the production line at Daimler’s local joint venture Fujian Benz Automotive Co., This is another milestone of our ‘Mercedes-Benz Vans goes global’ growth strategy.

Mercedes 150
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Toyota Group Company to Form JV with Australian Lithium Resource Developer to Secure Access to Competitive Lithium Carbonate Production

Green Car Congress

Orocobre Limited , an Australian minerals exploration company with a focus on developing “best of class” Lithium, Potash and Boron resources in Argentina, and a Toyota Group Company, Toyota Tsusho Corporation, will establish a joint venture to develop Orocobre’s flagship Salar de Olaroz Lithium-Potash Project in Argentina.

Toyota 199