SsangYong going for "radical restructuring" and "business as usual"
Auto Blog: Etc. , EV/Plug-in , Phoenix Click above for high-res gallery of the SsangYong Actyon Last April, the SsangYong’s future looked bright, with new diesel hybrid technology and a 20-vehicle global line-up trumpeted loudly . Things went downhill after that, with the company going into receivership (like Chapter 11 bankruptcy) and then the Sollers offer . On Friday, a court in South Korea (SsangYong is a South Korean company) granted the company “court receivership” status. This means the company now has time to restructure itself but also leads to a very confusing press release. As you can Car Blog Greenafter the break, the announcement says that the change means “business as usual for SsangYong” and also says that that the court’s decition paves “the way for radical restructuring.” Is it really radical to do business as usual? Whatever. What we’re interested in is what this means for Phoenix and their all-electric SUT? We have a email in to Phoenix and will let you know if they have anything to add. Gallery: SsangYong Actyon [Source: Koelliker UK Ltd] Continue reading SsangYong going for “radical restructuring” and “business as usual” SsangYong going for “radical restructuring” and “business as usual” originally appeared on AutoblogGreen on Mon, 09 Feb 2009 16:49:00 EST. Please see our terms for use of feeds .Car Blog Green|Car Blog Green|Car Blog Green
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SsangYong going for "radical restructuring" and "business as usual"
BREAKING: Detroit 2009 – GM building Volt battery packs with LG Chem cells
Filed under: EV/Plug-in , Hybrid , GM , Detroit Auto Show After showing off its latest cars and concepts yesterday at the Detroit Auto Show , General Motors reserved its second press conference today for battery news. As has been rumored for months, South Korea’s LG Chem has been selected to supply the lithium-ion cells that will power the Chevy Volt. However, LG Chem and its U.S. subsidiary will not be supplying full packs to GM. Instead, GM has decided to keep the pack production in-house along with the battery management systems and all the power electronics. The automaker will be building a pack assembly facility here in Michigan, with LG Chem only supplying the cells. GM is currently working on finalizing the site selection and working with local and state officials on the approvals. The site of the factory is expected to be announced soon with site preparation starting early this year. Tooling of the factory should be completed by early 2010 with production starting soon afterward. GM also announced a new partnership with the University of Michigan to create the Advanced Battery Coalition for Drivetrains (ABCD). ABCD will focus on researching batteries and integration issues with a specific focus on vehicle applications. Press release after the jump. [Source: General Motors] Continue reading BREAKING: Detroit 2009 – GM building Volt battery packs with LG Chem cells BREAKING: Detroit 2009 – GM building Volt battery packs with LG Chem cells originally appeared on AutoblogGreen on Mon, 12 Jan 2009 10:19:00 EST. Please see our terms for use of feeds .Car Blog Green|Car Blog Green|Car Blog Green
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BREAKING: Detroit 2009 – GM building Volt battery packs with LG Chem cells
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