A year after the Vehicle Production Group (VPG) closed a $50 million Department of Energy loan for designing a natural gas vehicle, the company used the money as planned, began production and is seeing hundreds of vehicles on the road so far. Read More »
Cleantech
Spurred by recent support from the U.S. government and rock-bottom natural gas prices, the big auto makers appear to be getting on board with natural gas-powered vehicles. Read More »
Electric car startup Fisker Automotive has named Fisker vice chairman, and former Chrysler Chief Executive, Tom Lasorda as its CEO. Read More »
It’s been over a month since the Solyndra news came out, but it’s still dominating. Because it just won’t go away, here’s my top five list of projects that the DOE also backed with loan guarantees and that are showing some early signs of success. Read More »
Lithium-ion battery startup ActaCell, which has already raised funds from such high profile groups as Google.org, DFJ Mercury and Applied Ventures (Applied Materials venture arm), is out touting over $3 million in newly acquired financing this morning. Read More »
Steven Rattner, the Obama administration’s so-called Car Czar, has a new book out and he weighs in on the sloppiness of the stimulus funds, the “fad” of green jobs and how the Volt will do nothing for GM’s bottom line. Tell us how you really feel. … Read More »
In a new supply deal between energy behemoth ConocoPhillips and A123 Systems, whose batteries are slated to power upcoming plug-in vehicles from Fisker Automotive and Chrysler, Big Oil meets little lithium-ion. Read More »
Rev your engines, auto startups — there’s a new VC in town. General Motors announced this morning that it has created a new subsidiary to identify, develop and invest in innovative technologies in the transportation sector. Read More »
Electrovaya, the Canadian battery maker supplying lithium-ion batteries for Chrysler’s plug-in hybrid truck demo, brought in nearly $1.1 million in revenue during the first three months of this year, compared to just $675,000 in the same period a year earlier. Read More »
General Motors and Chrysler, in their bids for government loans for green car manufacturing, have cleared the hurdle of demonstrating financial viability. Now it’s a matter of showing that their ideas for producing more efficient vehicles are on the cutting edge. Read More »
Chrysler and NASA plan to share data and research related to battery systems, energy storage, materials engineering, radar, robotics and other technologies over the next three years as part of a new alliance announced this morning. Read More »
Battery maker A123Systems has just hit a milestone in its young public life: Officers, directors, employees and early investors holding more than two thirds of A123′s common stock are free to cash out. A123′s shares have sunk more than 5.9 percent today. Read More »
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