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Panasonic invests $30 million in Tesla Motors to develop batteries

Japanese electronics giant Panasonic Corp. said late Wednesday it invested $30 million in Tesla Motors Inc. to cooperate on green powertrain development.

Pininfarina takeover would boost Magna expertise in key areas

Magna International Inc. would become a stronger competitor for design and development jobs if it takes over struggling car styling and engineering firm Pininfarina S.p.A., executives say. “Magna badly needs design competence, and Pininfarina has top staff,” said Paolo Tumminelli, CEO of Goodbrands GmbH, a brand and marketing consultancy based in Cologne, Germany.

New 2015 Honda NSX – Made in America

The new Centre – costing $70 million, stretching to 184,000 square feet and housed inside Honda’s old logistics facility – will employ 100 of Honda’s most skilled workers in Ohio to bolt the new NSX together, and even the engine will be assembled at Honda’s engine plant in Anna, Ohio. Not only has Honda revealed where the US-designed NSX will be built, but they’ve appointed their R&D chief engineer, Ted Klaus, to lead the team developing the new NSX and Clement D’ Souza, associate chief engineer at Honda USA, to head up production. Ted Klaus said: This new plant will be as unique as the vehicle we will build here.