From the AP:
Nissan Motor Co. said it will set up a joint venture with a Japanese trading house for recycling of electric car batteries. Nissan said Tuesday the joint venture with Sumitomo Corporation is expected to begin operations in late 2010 in Japan and the United States. The companies have yet to finalize details including the capitalization of the venture. The launch is in line with a potential surge in demand for electric vehicles powered by batteries.
Oct 20, 2009 10:53 AM
Vista-Pro Automotive, the car parts maker created by a Chicago private-equity investor this summer, says it plans to relocate at least 60 more people to its new Century City home in the coming year. SEE ALSO: Auto supplier shakeout nets Nashville HQ
Oct 15, 2009 2:44 PM
JP Morgan analyst Claudia Shank Hueston has given shares of Louisiana-Pacific (Ticker: LPX) and other paper and forest product companies a boost by raising her earnings estimates. In the case of LP, Hueston said the company's recent capital raise will improve its profit potential.
Oct 12, 2009 1:52 PM
From NPR's Morning Edition:
Researchers at Nissan have been studying how quickly and how closely individual fish can swim together without bumping into each other. Last week, at a technology show outside Tokyo, the carmaker unveiled a group of little robots that mimic fish, using hi-tech wizardry that could end up in future vehicles.
Oct 12, 2009 10:11 AM
A local manufacturer leads the charge against Chinese subsidies [From our print edition featured in Monday's City Paper]
Oct 11, 2009 12:49 PM
Harley-Davidson officials and union representatives say a plan to restructure the motorbike maker's York, Pa., plant just might work. Murfreesboro is in the running for a new factory should it not.
Oct 9, 2009 10:27 AM
Companies in many sectors are complaining about the lack of available credit, but few could say they have it as bad as automotive suppliers. WPLN's Daniel Potter reports on the hunt for capital and the rays of hope in auto manufacturing.
“Even good suppliers are being viewed skeptically by and large because they’re associated with the automotive industry. And the industry as a whole is in fairly difficult shape.” DeKoker has tracked about 50 parts supplier bankruptcies so far – nowhere near the fallout he would’ve predicted in this economy. He chalks that up to companies “hibernating” – slowing production in hopes of lasting until business can pick up again.
Oct 8, 2009 12:41 PM