article thumbnail

DOE Announces $528.7M Conditional Loan for Fisker Automotive for PHEVs

Green Car Congress

Fisker says that Project Nina—inspired by the ship belonging to explorer Christopher Columbus—is symbolic of the automobile industry’s transition from old world to new. Fisker automobiles use an extended range electric vehicle architecture, and will offer a cruising range of about 300 miles. Earlier post.).

Fisker 199
article thumbnail

GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days

Green Car Congress

Pending approvals, the New GM is expected to launch in about 60 to 90 days as a separate and independent company from the current GM. Columbus, Ohio Close: 31 Dec 2009. General Motors Corp. reached agreements with the US Treasury and the governments of Canada and Ontario for the creation of a smaller, self-sustaining “New GM”.

GM 150
article thumbnail

President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

Companies and universities in Michigan are receiving more than $1 billion of the grants. Bristol, TN Columbus, GA. FutureFuel Chemical Company. Ford Motor Company. Ford Motor Company. $30. Primary lithium chemistries include nickel-cobalt-metal and iron phosphate. Exide Technologies with Axion Power International.

Grant 317