Here Are The 1.37 Million Toyotas Getting Recalled For Takata Airbags - Jalopnik
GM’s Pablo Valencia, senior manager of battery life cycle management, has said that when an electric vehicle battery reaches the end of its automotive use, 30 percent or less of the battery life has been used. GM plans for each Volt battery to last at least 10 years on the road and the batteries could provide power for energy storage for another 10 years. GM is looking to partner with others for future deployments even though the supply of batteries today is “pretty small,” Valencia said. His last known investment in the auto industry was in 2008, when he spent more than $1 billion buying a 6. 5 percent stake in Ford Motor Co. , becoming its largest outside shareholder. Kerkorian had enlisted former Chrysler Chairman Lee Iacocca to help make a $22. 8 billion hostile offer for Chrysler in 1995, when he already owned a 10 percent stake. China’s automakers are vulnerable to price competition initiated by foreign brands, which have stepped up their discounting to win back market share, according to the head of the country’s state-backed auto group. Also today, the attorney general’s office announced a smaller but similar settlement with Generation Kia in Bohemia, N. Y. said it has. Source: jalopnik.com
