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General Motors partners with battery supplier LG on electric vehicles

General Motors said Thursday that it is partnering with its battery cell supplier, LG Group, to develop electric vehicles. The agreement, signed Wednesday by GM CEO Dan Akerson and LG President Juno Cho, will “help GM expand the number and types of electric vehicles it makes and sells,” the automaker said in a statement. It's the second example this week of automakers looking for partners to help in developing more fuel-efficient cars, as U.S.

Shortages of Japan-built cars open the door for U.S. automakers

U.S. carmakers sense that they have a chance to win back customers this summer with the launch of several redesigned models, while their Japanese competitors struggle with supply shortages. About 197,000 car buyers who typically would favor a Japanese brand are in play this summer, according to market research firm A.T.

Mitsubishi plans to halt U.S. production of 3 models in August

Mitsubishi will stop making three models at its Normal, Ill., plant in August. Production of the Eclipse coupe, Eclipse Spyder and Endeavor crossover will cease, while the Galant sedan will continue to be built, said Yoichi Yokozawa, CEO of Mitsubishi Motors North America. A decision on when to end Galant production will be made later, Yokozawa said.