Updated with clarification from Tesla: Ford Motor Co. took a big step today on the road to producing an all-electric Ford Focus by 2011, pledging to invest $550 million to retool an SUV and truck factory for the new Focus and other small-platform cars in Wayne,… Read More »
Cleantech
General Motors’ European subsidiary, Opel, is up for grabs. It says it needs $4.3 billion to survive the downturn, and private equity investors, along with Italian automaker Fiat SpA and parts maker Magna International — the Canadian company whose supply contract with electric sportscar startup… Read More »
Sports car maker Lotus plans to enter the electric vehicle race, CEO Michael Kimberley told the Financial Times last week. “Don’t be surprised to see an electric Lotus shortly,” he said, adding that a concept version could debut as early as March, at Geneva’s… Read More »
Any time business goes bad, you can expect lawsuits to follow; the cleantech industry is no exception, and the last year saw plenty of court action. While we’re all ready to embrace 2009, we couldn’t help but take one more look back at 2008 and draw up… Read More »
Tesla may have announced lay offs and was unable to raise a planned $100 million financing, but the electric car startup is still facing hurdles. Today Fisker Automotive issued a release saying that an independent arbitration between the two competing Silicon Valley-backed electric… Read More »
While Tesla Motors v. Fisker Automotive is a juicy story of alleged automotive espionage, we came across another lawsuit involving the Roadster maker as we were digging through the online records of the San Mateo Superior Court: Magna Powertrain Inc. USA v. Tesla Motors. And… Read More »
