article thumbnail

GE Capital to provide financing for electric motorcycle maker Brammo

Green Car Congress

with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products. It is an important element of a successful manufacturer-dealer business model.

article thumbnail

Toyota to debut 2 BEVs, 1 PHEV for US this year; says research shows BEVs & PHEVs have similar environmental benefits

Green Car Congress

Toyota currently has more than 40% share of the total alternative fuel vehicle market, which includes a 75% share of the fuel cell market and a 64% share of hybrids and plug-ins. These initiatives are further steps toward achieving the Toyota Environmental Challenge 2050, introduced in 2015.

PHEV 305
article thumbnail

Chevrolet, GMC expand CNG truck and van offerings

Green Car Congress

Chevrolet and GMC will offer new bi-fuel versions of the 2015 Chevrolet Silverado and GMC Sierra heavy-duty trucks and all-new dedicated compressed natural gas versions of the 2014 Chevrolet Express and GMC Savana full-size passenger vans next year. Production for the bi-fuel trucks and CNG vans is scheduled to begin early next year.

GMC 297
article thumbnail

Volkswagen of America to invest $10M in EV charging infrastructure by 2016; calls for more legislative support to spur EV adoption

Green Car Congress

At the same time, Sommer said in his presentation at the 2015 Electric Drive Congress in Washington DC, continued legislative support is needed to reach the next level of electric vehicle adoption. Volkswagen will also invest to support installation of charging stations in certain dealer locations. Earlier post.) —Jörg Sommer.

America 150
article thumbnail

Volkswagen AG agrees to plead guilty and pay $4.3B in criminal and civil penalties; 6 execs and employees indicted

Green Car Congress

According to the indictment, the individuals occupied the following positions within the company: Heinz-Jakob Neusser: from July 2013 until September 2015, Neusser worked for VW as head of Development for VW Brand and was also on the management board for VW Brand. The other defendants are believed to presently reside in Germany.

article thumbnail

Calif. Energy Commission to award more than $44M for hydrogen refueling and alternative fuel vehicle projects

Green Car Congress

In two packages of awards, the California Energy Commission approved more than $44 million to expand the hydrogen fueling infrastructure and increase the number of alter alternative fuel vehicles on the road in the state. million to build a hydrogen fueling station in Anaheim (Orange County). CALSTART, Inc.,

article thumbnail

Hyundai to offer Tucson Fuel Cell vehicle to LA-area retail customers in spring 2014; Honda, Toyota show latest FCV concepts targeting 2015 launch

Green Car Congress

Availability begins in Spring 2014 at several Southern California Hyundai dealers. The concept expresses a potential styling direction for Honda’s next-generation fuel-cell vehicle anticipated to launch in the US and Japan in 2015, followed by Europe. Also at the LA Auto Show, the new Honda FCEV Concept made its world debut.

Tucson 324