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GM Brazil to Invest R$2B in Expansion and New Line of Chevrolet Small Cars

Green Car Congress

General Motors Brazil will invest R$2 billion (US$1.033 billion) to launch a new Chevrolet line of vehicles and to expand its plant in Gravataí, Rio Grande do Sul. Funds for the investment will partly come from the company’s cash flow and retained earnings in recent fiscal years—GM Brasil has been profitable since 2006.

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Volkswagen and Suzuki to Establish Strategic Partnership; VW to Take 19.9% Stake in Suzuki, Suzuki to Invest in VW

Green Car Congress

The two companies said that they complement each other in terms of product portfolio, global distribution and manufacturing capacities. million motorcycles in the 2008/2009 financial year. In fiscal year 2008 Volkswagen sold 6.3 In 2006, that began to unwind, with GM reducing its holding to 3%. million vehicles and 3.1

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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

did in 2009, resulting in a significant decline in vehicle production, Fitch could switch the rating to Negative. million units, will remain well below the industry annual sales level of approximately 17 million units seen from 1999 through 2006. other to offer new products. than was seen in 2010 and 2011. Suppliers, in.

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Michigan Awards $543.5M in Tax Credits to Four Battery Makers, Who Announce Plans for $1.7B Investment in Li-ion Battery Plants in Michigan

Green Car Congress

In November 2008, the company was granted $10 million by the state to create a research and development institution focused on advanced lithium-ion batteries for the automotive, defense and alternative energy markets. A123Systems first invested in Michigan when it acquired Ann Arbor-based T/J Technologies in 2006. Earlier post.).

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Goal!

Plug In Partners

As stated at the opening press conference by Austin's Mayor Will Wynn in January, 2006, “ Plug-in hybrids represent a real near-term solution to America’s over-reliance on foreign oil imports and energy prices that escalate the cost of everything and threaten the very economic life of our nation,” “The technology exists today ,” Wynn says.

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Electrified Blondes in Convertibles For Everyone!

Creative Greenius

Electric cars everywhere you looked, quiet as a mouse and making a total mockery out of General Motors, Ford, and Chrysler who could have been making these cars for the last decade, but instead had to be pushed to the brink of bankruptcy and shame-filled failure before they would start even talking about making these cars.

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

In late 2008, BYD started selling the first production PHEV in China. Weve kept the summary table below generally up-to-date for passenger PHEVs, but not for BEVs, motorcycles or larger vehicles like buses and trucks. 1,000 pre-orders for small production runs in 2009 and 2010starting 4th quarter 2009.

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