DRESDEN, Germany-Daimler and Evonik are planning production of lithium-ion batteries for electric vehicles at a new factory here by early 2011. The two companies have formed a joint venture called German Accumotive for the research, production and marketing of batteries for E-Vehicles. MORE
STUTTGART, Germany-Volkswagen AG said Thursday it will pursue an eventual merger with Porsche SE under VW’s leadership, vowing the luxury sports car maker will retain its independence. MORE
DEARBORN, MI-Helped by a lightened debt load, Ford Motor Co. posted a surprise second-quarter profit of $2.3 billion Thursday, following the worst loss in company history a year earlier. The net profit ends a string of four straight quarterly losses for the nation’s second-largest automaker, which has gained U.S. market share at the expense of crosstown rivals Chrysler and GM. MORE
FLETCHER, NC-Continental Teves Inc. will expand its facility here, adding 338 new jobs over the next five years. The brake systems and component assembler will invest $30.1 million in the plant. MORE
JONESBORO, AR-Wind turbine manufacturer Nordex USA will begin construction here this week on its first U.S. manufacturing plant. Construction will take place in two phases, beginning with the nacelle assembly plant and followed by a rotor blade manufacturing facility at the same location. MORE
NEWPORT NEWS, VA-AREVA Newport News LLC and Northrop Grumman Shipbuilding will join forces to build a new 330,000-square-foot manufacturing facility here to assemble heavy components for new nuclear plants. The $360 million investment will create more than 500 jobs. MORE
SEOUL, South Korea-At least eight people were injured Tuesday in a clash between South Korean police and workers laid off at Ssanyong Motor Co.’s assembly plant. MORE
NEW YORK-More plans to build homes, higher stock prices and fewer people filing first-time claims for jobless aid sent a private-sector forecast of U.S. economic activity higher than expected in June. It was the third straight monthly increase for the Conference Board’s index of leading economic indicators, and another sign pointing toward the recession ending later this year. MORE
LAKE MARY, FL-The first photovoltaic solar panels have yet to roll off the assembly line at Advanced Solar Photonics LLC facility here, yet the company has massive expansion plans over the next two to three years that industry observers brand as “ambitious.” MORE
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