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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

The announcement marks the single largest investment in advanced battery technology for hybrid and electric-drive vehicles ever made. Companies and universities in Michigan are receiving more than $1 billion of the grants. Companies and universities in Michigan are receiving more than $1 billion of the grants. A123 Systems, Inc.

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

Green Car Congress

Indianapolis, Ind. GM will launch the Chevrolet Volt extended range electric vehicle in 2010, expects to have 14 hybrid models in production by 2012, and will have 65% of vehicles alternative-fuel capable by 2014. Warrants granted to the New VEBA to acquire newly issued shares in the New GM equal to 2.5%

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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

The head of Chryslers ENVI division, Lou Rhodes, told AutoblogGreen this morning that Chrysler is marketing this battery-only version of the van to commercial fleet customers who typically have shorter range requirements. The extended-range version will be focused on retail customers. Postal Service for mail delivery.

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