Standard Motor Products Us299 Ignition Switch on 2040-parts.com

Porsche to take majority stake in VW for £7bn

By Ben Whitworth Motor Industry 07 March 2008 11:26 Porsche is about to become the majority shareholder in Volkswagen. The sportscar maker has been given the green light to purchase further stock in VW, taking its share past the 50 percent mark to give it a controlling interest. As soon as various legal checks have been cleared, Porsche plans to purchase a further 20 percent of VW stock – it already owns 31 percent - at an estimated cost of around £7 billion.

MIT researchers rethink electric-car batteries

Researchers at the Massachusetts Institute of Technology say a new battery design for electric vehicles could be a lightweight and inexpensive alternative. The goal for the team's three-year project, launched in September 2010, is to have a functioning prototype ready to be engineered as a replacement for existing electric-car batteries. At this point in the project, the prototype uses a “semi-solid flow” to separate the two functions of a battery--storing energy and discharging it when needed--into separate physical structures.

Chrysler to build ZF's eight-speed transmission in Indiana

The Chrysler Group plans to spend $300 million to build a new eight-speed automatic transmission licensed from ZF Group, a transmission maker headquartered in Friedrichshafen, Germany. The investment will pay for installation of special tooling and equipment at Chrysler's Transmission Plant 1 and Kokomo Casting Plant in Indiana and help retain 1,200 jobs there, Chrysler said Wednesday. Production will start in 2013.