Remove tag Sales
article thumbnail

Nidec to Acquire Emerson Electric Co. Motors & Controls Business

Green Car Congress

Japan’s Nidec Corporation, the world’s leading manufacturer of motors for hard-disk drives, has entered into an asset and stock purchase agreement with Emerson Electric Co. In January 2010, Nidec acquired Sole Motors (currently, Nidec Sole Motor Corporation ¿) and has strived to strengthen its home appliance motor business in Europe.

Motor 186
article thumbnail

Panasonic invests $30M in Tesla Motors

Green Car Congress

Panasonic Corporation has invested $30 million in Tesla Motors. The investment was made through the purchase of Tesla common stock in a private placement at a price of $21.15 In addition to producing its own vehicles, Tesla also builds electric powertrains, including battery packs, for other automobile manufacturers.

article thumbnail

General Motors and Koenigsegg Group AB Reach Tentative Agreement on Saab

Green Car Congress

and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB. The sale will be subject to customary closing conditions, including receipt of applicable regulatory, governmental and court approvals. Tags: Brief.

article thumbnail

OPINION Volvo did one thing very canny with the pricing of the EM90

Baua Electric

The day past, after I first noticed the cost tag of Volvo’s first electrical MPV EM90, my preliminary idea used to be, what the hell are they pondering? The corporate stated a extra robust 4 wheel drive variant can be to be had upcoming. Zeekr 009 begins at 500k yuan (68,500 USD) in China. How does Volvo plan to justify this charge?

Volvo 52
article thumbnail

Governor George Pataki Calls for 40% Penetration of Electric Drive Vehicles in US by End of Decade

Green Car Congress

Incentivize auto manufacturers, for example, by exempting the profits resulting from the sale of the first 10 million vehicles that deliver more than 75 mpg from any corporate taxes. ” Tags: Batteries Electric (Battery) Policy. Incentivize the battery makers. Consumers and Charging. —Mary Ann Wright.

article thumbnail

GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

Green Car Congress

General Motors presented an updated Viability Plan that accelerates and deepens the cuts in US brands and nameplates, dealers, manufacturing operations and employees intended to enable GM North America to breakeven (on an adjusted EBIT basis) at a US total industry sales volume of approximately 10 million vehicles.

GM 150
article thumbnail

China puts its electric vehicles on center stage - China automotive news

Tony Karrer Delicious EVdriven

As a subscriber, you can receive our free weekly China Auto News, which keeps you informed the latest developments of Chinas automobile industry. Alternative-fuel cars were some of the hottest items on display at the Shanghai auto show from homegrown companies like Geely Automobile Holdings Ltd., Brilliance Jinbei Automobile Co.

China 28