Consumers wary of purchasing vehicles off eBay may take a bit of comfort in the online auction site's announcement that all vehicles built since 1981 will now include free vehicle history reports effective today. The "AutoCheck" information, supplied by Experian Automotive, will detail whether vehicles have been involved in major accidents, have salvage titles, have been stolen or repossessed, have had their odometers tampered with, or have seen special duty as a taxi or police vehicle. Of cours
Fuel-cell manufacturer Plug Power Inc. which produces backup power systems for the telecommunications industry is acquiring Cellex Power Products Inc. We've mentioned Cellex before as the fuel-cell manufacturer who partnered with Wal-Mart to undertake a trial of 12 hydrogen fuel-cell powered pallet lift trucks over four months. The $45 million acquisition, offset by Cellex's $8 million cash reserves, was made possible by a cash infusion into Plug Power last year by Russian group Smart Hydrogen.
Take this for what it is, a rumor about which General Motors and DaimlerChrysler have refused to comment. According to a report today in German magazine Manager Magazin, DaimlerChrysler is in talks to sell its Chrysler Group division to GM. The magazine cites sources within DaimlerChrysler as saying that talks are in full swing but at an early stage. Dieter Zietsche, CEO of DaimlerChrysler, refused to comment on the report when asked at this morning's press conference where the company's Recover
All the bids are in and the winning bidder has been revealed: Aston Martin is being bought by LVMH Moet Hennessy Louis Vuitton SA, the French luxury goods consortium that produces upper-crust products ranging from leather trunks and wallets to champagne and cognac...and now exotic luxury sports cars, too.
Toyota announced today that it will spend $373 million on a deal with Isuzu that will transfer 5.9% of the truck- and diesel-maker to the giant Japanese automaker. Toyota's goal in purchasing a stake in Isuzu is to bolster its diesel portfolio, which apparently lags behind other major automakers like cross-town rival Honda who announced in September it would have diesel-powered passenger cars for sale in the U.S. within three years.