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Continuing a trend of downsizing while growing, diversified manufacturer Danaher Corp. (NYSE:DHR) spent $1.1 billion on two related acquisitions as it cuts 3,300 jobs along with 30 facilities. Danaher will acquire the analytical technologies division of MDS Inc. (NYSE:MDZ), which includes 50% of an Applied Biosystems-MDS Sciex joint venture, a...
Posted on September 2, 2009 8:55 AM
For a while now we've covered news of automakers driving ahead with plans for electric vehicles and lithium-ion battery makers jostling for position to profit from this initiative. The Wall Street Journal shone its own light on this race and highlighted the government's role.The report said the Energy Department has...
Posted on May 26, 2009 1:14 PM
Recently, Medtronic Inc. (NYSE:MDT) beefed up with strategic acquisitions totaling more than $1 billion. Now it's cutting about 1,500 to 1,800 jobs by the end of June as profits dip. The medical device giant, like others, is navigating the economic gloom by boosting its strong points and cutting elsewhere. Earlier...
Posted on May 19, 2009 3:12 PM
Electric Motors Corp. (NASDAQ:EMCO) and Gulf Stream Coach are teaming to build electric pickup trucks in Indiana. The aim is to produce 50,000 battery-powered pickups by 2013 by retrofitting light-duty trucks with a plug-in serial hybrid electric powertrain. Gulf Stream chief information officer Mark Smith told pickuptrucks.com the companies will...
Posted on May 19, 2009 11:36 AM
Harley-Davidson Inc. (NYSE:HOG) is still getting squeezed by the economic downturn, even though its weak earnings aren't as bad as in the past two quarters -- beating Wall Street expectations --, the Milwaukee maker of high end motorcycles needs to downsize. In addition to 1,100 job cuts announced in...
Posted on April 16, 2009 9:45 AM
Johnson Controls-Saft is building its first U.S.-based cell manufacturing plant for lithium-ion hybrid batteries. The joint venture between Johnson Controls Inc. (NYSE:JCI) and Paris-based Saft SA opened a lithium-ion manufacturing facility for hybrid electric vehicles last year in Nersac, France. The U.S. plant is expected to create 500 news jobs.The...
Posted on April 15, 2009 8:57 AM
Milwaukee's Johnson Controls Inc. continues to make progress in its move into lithium-ion batteries. Johnson's joint venture with Paris-based Saft SA said it will supply the complete battery system for Ford Motor Co.'s first series production plug-in hybrid electric vehicle, which will be introduced in 2012. The five-year supply agreement...
Posted on February 3, 2009 10:22 AM
The most recent news on the battle for market share supplying lithium-ion batteries for electric cars comes from Johnson Controls Inc. of Milwaukee and from Silicon Valley's Tesla Motors.Automakers and their suppliers hammered by a global financial meltdown are placing many bets on the hyrbid and electric car market. They...
Posted on January 15, 2009 1:54 PM
Clearly, bringing electric cars to market takes teamwork. Yet another joint venture was formed Wednesday to co-develop next-generation lithium-ion battery systems. Sanyo Electric Co. Ltd., which controls the greatest market share for the technology, is injecting ¥80 billion ($764 million) into a JV with Volkswagen AG...
Posted on May 28, 2008 2:47 PM
With a new joint venture and some other nimble moves, Johnson Controls moves into batteries for hybrid autos.
Posted on December 15, 2005 6:03 PM
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Juergen Lasowski
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