AUSTIN, TX-Austin is a contender as a location for a car battery manufacturing plant being proposed by a newly formed consortium of 20 U.S. battery makers preparing for the nation’s shift to plug-in vehicles.
The National Alliance for Advance Transportation Battery Cell Manufacture, which was established in mid-December and includes Austin-based ActaCell Inc., is lobbying for federal funding for its effort to help U.S. companies compete with Asian battery makers that have led the way in producing batteries used in hybrid vehicles. MORE
WASHINGTON-A group of seven senior executives, all members of the National Association of Manufacturers, recently attended the launch of President Obama’s new Economic Recovery Advisory Board, which is chaired by former Federal Reserve Chairman Paul Volcker. MORE
LONDON - Airbus and Xi'an Aircraft Industry Company have signed a deal to have XAC finish and test all the wings destined for use in any A320 aircraft produced in China. MORE
TOKYO-Toyota Motor Corp. has lost its top credit rating from Moody’s Investors Service as plunging car demand in the U.S. and Japan continues to wipe out earnings. MORE
DETROIT-General Motors is asking Thailand's Ministry of Industry to help finance both an existing pickup truck assembly plant and a planned diesel-engine factory worth approximately $445 million. A MORE
DELTA TOWNSHIP, MI-Workers at GM’S Lansing Delta Township assembly plant were back on the job Monday after a monthlong layoff. But hundreds of hourly workers who build the Buick Enclave, GMC Acadia and Saturn Outlook crossover could find their stays shortlived. MORE
TORONTO-The Canadian Auto Workers union would have to reduce wage, benefit and pension costs by more than $500 million annually at General Motors of Canada to match labor costs at the highest-paying Japanese assembly plant in the United States. Negotiations between the automaker and the union on reducing labor costs are expected to begin later this week. MORE
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