By James B. Kelleher
Feb 26 (Reuters) - Tesla Motors Inc said on
Wednesday it plans to raise $1.6 billion from investors to
finance a new battery factory that will help the upstart U.S.
automaker reach its goal of producing a lower-priced,
mass-market electric car by 2017....More
* Battery 'giga factory' for electric cars would be a first
* Plant due on-stream in 2017, key for next-generation Tesla
* Panasonic looking for other supplier partners for plant
* Tesla has said it would announce details on plant this
Magna, Chinese partner for front-end-module JV; Chevy sources brake, chassis components from Grede North American foundries; Engineering students have designs on €100,000 top prize in Valeo competition....More
The move toward turbocharged GDI engines has raised operating temperatures to the point that aluminum pistons expand, causing excess friction within the combustion chamber. Steel is more rigid and can resist expansion....More
The new policy’s goals include promoting a competitive and sustainable domestic automotive industry; making Malaysia the regional hub in production of energy-efficient vehicles; and supporting increased exports of vehicles and components....More
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