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GS Yuasa books $30M in extraordinary losses for faulty batteries in Mitsubishi PEVs

Green Car Congress

set aside ¥3 billion (US$30 million) for the April-June quarter as extraordinary losses associated with Mitsubishi Motors Corp.’s Mitsubishi Motors in June issued the recall, which incurs collection and replacement costs for GS Yuasa. The Nikkei reported that GS Yuasa Corp. Earlier post.).

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Electric Car Manufacturers Inspire New Paradigms -- Seeking Alpha

Tony Karrer Delicious EVdriven

In addition to a recent electric car deal with NISSAN Motors ( NSANY ), Portland General Electric, the Oregon state governor and GE have also announced a joint venture with Mitsubishi Motors ( MMTOF.PK ) to develop and sell the Miev electric car with 85 mile range by 2011. safety requirements.

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Electric Car Makers: Oregon Wants You - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Finally, in a first-of-its-kind partnership in the United States, Mitsubishi announced a strategic alliance with Oregon to develop an electric car charging infrastructure in the state. If these companies are ultimately successful and can convince EV manufacturers to ditch lithuim ion, we could depend on the already robust recycling program.

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