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GM to buy back 200M shares held by US Treasury for $5.5B

Green Car Congress

Government ownership of GM stock was the result of the auto industry rescue that began under President George W. Bush in 2008 and which was expanded by President Barack Obama in 2009. premium over the closing price on 18 December 2012. —Dan Ammann, senior vice president and CFO. The repurchase price of $27.50

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EPA: GHG emissions standards for cars and light trucks should be revised; joint process with NHTSA (updated with more reactions)

Green Car Congress

The Obama Administration’s determination was wrong. Obama’s EPA cut the Midterm Evaluation process short with politically charged expediency, made assumptions about the standards that didn’t comport with reality, and set the standards too high. This is not a technical assessment, it is a move to demolish the nation’s clean car program.

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Tesla replays DOE loan nine years early

Green Car Congress

In addition to payments made in 2012 and Q1 2013, today’s wire of almost half a billion dollars ($451.8M) repays the full loan facility with interest. This program was signed into law by President Bush in 2008 and then awarded under the Obama administration in the years that followed. Flush with its recent $1.02

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Nikkei Editorial Urges Japan to Match US, China EV Moves

Green Car Congress

One is the tough new fuel economy rules the US administration of President Barack Obama will introduce in 2012.The But the automakers are now accelerating their efforts to develop electric cars, and there are two main reasons for this. The second reason for the heightened focus on electric cars is China’s move to promote them.

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Remembering Lithium-Ion Battery Pioneer John Goodenough

Cars That Think

Goodenough was awarded the 2012 IEEE Medal for Environmental and Safety Technologies for discoveries that “paved the way for development of the rechargeable lithium-ion battery technology.” Twenty-five years later, the battery is gaining momentum in the auto industry as a means of reducing the cost of electric cars.

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Ford Exec Cites US Energy Policies As Critical Factor in Shaping Future Vehicle Fleet, Calls for Cap-and-Trade Program

Green Car Congress

Cischke cited the recent agreement on one national standard for fuel economy and greenhouse gas emissions regulations as an example of how the government, the auto industry and the environmental community can work together toward common goals. Earlier post.) mpg in 2016.

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More states follow California’s clean car standards

Green Cars News

The decision follows President Obama’s landmark agreement to adopt federal emission standards for the model years 2012-2016. From 2012 onwards, the new national standards would be deemed to reflect the state standards and the auto industry would dismiss its legal challenges.

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