Yesterday, we had posted that General Motors finally got approval for the transfer of assets to the “New” GM. And while many approved and disapproved that piece of news, GMAC issues a statement of their own regarding this development.

In conjunction with the closing of the sale, the contracts GM has with GMAC will be transferred to the new GM entity. GMAC is pleased to conduct its business operations with the new GM entity and to be part of the solution to stabilize and strengthen the U.S. auto industry.

Again this is bound draw some issues. What about the debts and liabilities? What fate does befall them? Technically, we have been talking about the assets or the so-called good sides of the deal. What about the other pieces of the GM puzzle that are totally clueless to date?

Well you can be assured that GM will be in the headlines once again from hereon. There are still some loose ends to cover.

(Source) Press

Tags: assets, auto industry, business operations, conjunction, contracts, court bankruptcy, debts, General Motors, GM, GMAC, headlines, liabilities, loose ends, puzzle, u s auto

Continue reading...

Toyota is looking at a new state-of-the-art transmission test cell and has chosen A&D Technology to be the supplier for it. Under the agreement, A&D will be supplying Toyota with three low-inertia permanent magnet dynamometers and high-performance AC drives together with their iTest data acquisition and control system.

Also, Toyota will be supplied with a system that includes A&D’s Andromeda real-time, multi-processor simulation platform, allowing Toyota to simulate virtually any combination of engine, vehicle, and powertrain configurations, including hybrid systems, in conjunction with the physical transmission.

With this advanced technology platform, Toyota can perform a variety of transmission development activities, from durability testing to conceptual studies.

(Source) Press

Tags: advanced technology, conceptual studies, conjunction, data acquisition and control, durability testing, high performance, hybrid systems, inertia, physical transmission, powertrain, state of the art, technology platform, test cell, transmission development, transmission test

Continue reading...

K2 Energy Solutions has revealed that they are constructing a new 90,000 square-foot facility in Varkaus, Finland. The new facility will be used to manufacture safe and eco-friendly high-capacity batteries for Europe’s advanced industrial, energy and transportation needs, and is being constructed in conjunction with K2’s European technology partner, European Batteries.

Utilizing the world’s most advanced lithium battery technology, K2 and EB are working in close collaboration to create the world’s most advanced rechargeable battery. Through this alliance, the companies intend to develop a safer, more efficient battery chemistry that is specifically designed to address Europe’s need for high-capacity rechargeable batteries.

The $44 million facility is expected to be completed in Fall of this year, with full battery production beginning in early 2010.

(Source) Press

Tags: battery chemistry, battery technology, capacity batteries, collaboration, conjunction, energy solutions, Europe, finland, industrial energy, lithium, lithium battery, lithium ion, rechargeable batteries, rechargeable battery, square foot facility, technology partner, varkaus

Continue reading...