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A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

Green Car Congress

The capital will help support the expansion of A123’s facilities in Hopkinton, MA, and Novi, MI, as well as build planned new factories in Michigan. GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. s new hybrid vehicle models, both scheduled to debut in 2010.

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MassCEC Approves $5M Forgivable Loan for A123 Systems; Targeted at Expansion for Grid Storage Systems

Green Car Congress

Under the terms of the MassCEC financing, A123 will double its Massachusetts employment to more than 500 by 2014. A123 Systems has added more than 50 corporate and research and development jobs in Massachusetts in the last year associated with its expanded US manufacturing capacity in Michigan.

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Ford Starts EV Test Drives

Revenge of the Electric Car

automaker to offer a hybrid model, said on Dec. 8 that it may spend $300 million to $500 million on factories in its home state of Michigan to build electric vehicles and batteries. The company is already trying out battery-powered vehicles in London, Meier said. Ford, the first U.S. Last Updated: December 28, 2009 12:30 EST.

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Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

Department of Energys Transportation Electrification stimulus program for a federal grant that would enable a nationwide demonstration fleet with the United States Postal Service (USPS) * Potential partnership with USPS to include infrastructure support from ConEd, Duke Energy, DTE Energy and Electric Power Research Institute (EPRI) Washington, D.C.,

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Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Warren Buffett takes charge Warren Buffett hasnt just seen the car of the future, hes sitting in the drivers seat. "Their cars are way behind Toyota, for sure," Sokol admits.

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