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E-car grants: What will we get for $2.4B? (from Corporate Dealmaker)

When the Obama administration announced $2.4 billion in matching grants Wednesday to charge up the nascent U.S. electric vehicle industry, Johnson Controls Inc. (NYSE:JCI), the big auto parts company, got the single largest grant, worth $299 million. The Deal Pipeline has the story (subscription required). All told the government made...

Posted on August 7, 2009 10:00 AM

Johnson Controls expands in hybrid batteries, downsizes elsewhere (from Corporate Dealmaker)

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