GM battery supplier Cobasys in bad financial shape
Apparently Cobasys lost $76 million in 2007 and expects the amount to widen to $82 million this year. ECD and Chevron are apparently at odds about funding the battery supplier and coming up with a spending plan for this year. When GM declares a supplier distressed they start watching them much more closely and the chances of a supplier on that list winning new business are slim. GM's full-size hybrid trucks, such as the Tahoe/Yukon, utilize batteries produced by Panasonic while the plug-in lithium battery programs all use multiple suppliers, so they should be ok unless another supplier stumbles. GM has not announced the name of the supplier for the Vue Two-mode hybrid that is due to launch this fall.
[Source: The Car Connection]
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