Hybrid Battery Maker Cobasys Continues to Falter, Daimler Sues

Daimler AG, maker of Mercedes-Benz luxury cars, is suing Cobasys for failing to provide hybrid battery packs as agreed for a planned Mercedes-Benz gasoline-electric SUV. The German automaker paid Cobasys $6 million in connection with development of the batteries. Cobasys is jointly owned by Energy Conversion Devices Inc. and a division of Chevron Corp.