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Panasonic invests $30 million in Tesla Motors to develop batteries
Thu, 04 Nov 2010Japanese electronics giant Panasonic Corp. said late Wednesday it invested $30 million in Tesla Motors Inc. to cooperate on green powertrain development.
Ford completes sale of Volvo to China's Geely
Mon, 02 Aug 2010Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S. carmaker's 2007 sale of Aston Martin, and of Jaguar and Land Rover to India's Tata Motors Ltd.
Aston Martin DBS (2007): first official pictures
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