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4Daimler could sell off Li-Tec's EV battery business

Five-plus years may have been about enough time for Daimler AG to know whether it wanted to be in the battery-pack production business. The Mercedes-Benz parent may stop making electric-vehicle batteries and ultimately sell its Li-Tec battery-cell factory in Germany within two years, according to Bloomberg News which cites Manager Magazin. The beneficiary may be LG Electronics, which would likely take over battery-production duties for models such as Daimler's Smart ED battery-electric vehicle.

29Next-gen Smart Electric Drive delayed until fall of 2012

Daimler is getting ready to beef up the Smart Fortwo Electric Drive for the third-gen version, but the new EV won't be arriving on schedule, according to new reports. The problem has something to do with the lithium-ion batteries. The cells are being made by Li-Tec and a Daimler spokeswoman told Automotive News that, "There are no technical or quality problems with the batteries, but we don't want to lower our sights in safeguarding quality. That's why we're accepting a delay." Li-Tec is a joint

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