GM Near Deal To Buy Battery Supplier Cobasys -Report
DOW JONES NEWSWIRES
General Motors Corp. (GM) is close to buying Cobasys LLC, which makes batteries for some of GM's hybrid vehicles, the Automotive News reported on its Web site Thursday. Cobasys, which is owned by Chevron Corp. (CVX) and Energy Conversion Devices Inc. (ENER), had production problems that led to a recall last year, affecting about 9,000 vehicles. A source close to the matter said GM has asked consulting firm BBK Limited to audit Cobasys' finances. Full story at http://www.autonews.com/
-Dow Jones Newswires; 201-938-5500
Copyright (c) 2008 Dow Jones & Company, Inc.