UPDATE 2-Magna says electric hybrid car development on track | Deals | Mergers & Acquisitions | Reuters: "Magna International said on Thursday its development of an electric hybrid car is on schedule for 2010, and it bolstered its efforts by buying a Michigan-based company that focuses on propulsion and energy management for electric vehicles.
The company is developing an entire range of components for the car, from electric engines to heating systems, which are were originally made to run off internal combustion engines, Ted Robertson, Magna's chief technical officer, said in an interview."
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