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GM and A123Systems to Co-Develop Lithium-Ion Battery Cell for Chevrolet Volt
Wednesday, 08 August 2007
TRAVERSE CITY, Mich. – General Motors Corp. and A123Systems, Inc. will co-develop cells with A123System's nanophosphate battery chemistry for a long-lasting, safe and powerful battery for use in GM’s electric drive E-Flex system. The agreement is expected to expedite the development of the batteries for both electric plug-in vehicles and fuel cell variants of the E-Flex architecture.
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GM Reports Preliminary Second Quarter Financial Results
Monday, 30 July 2007

DETROIT – General Motors Corp. (NYSE: GM) today released its preliminary financial results for the 2007 second quarter, marked by record automotive revenue driven by strong sales in key growth markets, improved net income, and solid operating cash flow.

“We again saw improved results in sales, income and cash flow this quarter, driven by the continued successful implementation of our business strategies,” said Rick Wagoner, GM chairman and chief executive officer. “In particular, our heavy commitment to key growth markets around the world really paid off in strong growth and earnings. In North America we continue to make progress with our focus on great new products, a disciplined sales and marketing strategy, and structural cost reduction, although profitability remains close to breakeven."

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General Motors Allison Transmission and Aisin Seiki announce changes to joint venture in Japan
Wednesday, 25 July 2007
TOKYO – Aisin Seiki Co., Ltd. and Allison Transmission, General Motors Corporation announced today that their Aisin General Motors Allison (AGMA) joint venture will come to an end on July 31, 2007. Over the course of the ten year relationship, the joint venture realized significant success in penetration of light-medium- and heavy-duty trucks and buses in the Japanese commercial vehicle market.
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