Green Car Congress

OCTOBER 16, 2010

China Minister of Science and Technology Wan Gang said that the country’s annual production capacity for electric motor vehicles will reach 1 million units by 2020. Tags: Brief. Public transport should also be the top priority for use of new energy automobiles in China, he said. Wan said that a total of 8.5 billion yuan (US$1.28

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2020 China Production 2009 231

Green Car Congress

NOVEMBER 16, 2009

GE Capital signed an agreement with Jaguar Land Rover (JLR), the UK-based subsidiary of Indian group Tata Motors, to provide a working capital facility of up to £170 million (US$286 million), available for a five-year term. Tags: Brief. —Rich Laxer, EMEA President & CEO, GE Capital.

Land Rover 210

Land Rover Financing Dealers Europe 210

Green Car Congress

APRIL 13, 2009

GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. With this financing, we will begin an expansion that we expect to accelerate upon receipt of government funds. Tags: Batteries. We’ve accelerated our plans to expand our US manufacturing. Earlier post.)

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Financing Global Chrysler Grid 150

Green Car Congress

JULY 23, 2010

General Motors and AmeriCredit Corp. have entered into a definitive agreement for GM to acquire AmeriCredit, a leading independent auto finance company, in an all-cash transaction valued at approximately $3.5 Under GM ownership, AmeriCredit will maintain its own direct access to the capital markets for its financing requirements.

GM 186

GM Financing Dealers General Motors 186

Green Car Congress

MARCH 31, 2009

Ford Motor Company introduced its own most comprehensive consumer confidence program, the “Ford Advantage Plan”. In addition to providing 12 months of payment protection of up to $700 per month, customers can take advantage of 0% financing on select Ford, Lincoln and Mercury vehicles through Ford’s financing partner, Ford Motor Credit.

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Ford Mercury Financing Hyundai 150

Green Car Congress

NOVEMBER 9, 2010

the developer of the high-performance electric X1, has secured $5 million in a Series A financing from a private investor. Both applications are similar in needing high power motors, Wrightspeed notes. The system uses motors modularly, enabling tailoring to a vehicle’s specific use. Wrightspeed, Inc., Earlier post.).

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Hybrid Gas Vehicles Engine 275

Green Car Congress

AUGUST 22, 2009

Wang said the company will use proceeds from a new share issue to finance the US introduction, as well as for another production line for its lithium iron phosphate batteries in China. Tags: Brief. BYD had showcased the e6 at the North American International Auto Show (NAIAS) in Detroit in January. Earlier post.). Click to enlarge.

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E6 BYD Detroit Financing 225

Green Car Congress

MAY 5, 2010

Axial Vector Energy Corporation (AVEC) has developed a new hybrid electric drive train comprising a small axial-type, multi-fuel AVEC engine ( earlier post ), an AVEC generator/motor and an all new electric clutch. The design of the power train allows both the engine and generator/motor to operate at peak efficiency, regardless of speed.

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Corporation Engine Hybrid Energy 236

Green Car Congress

JULY 16, 2010

The European Investment Bank and PSA Peugeot Citroën signed a €200-million (US$259-million) loan agreement to finance the carmaker’s program to develop plug-in hybrid vehicles. The loan was granted under the European Clean Transport Facility (ECTF) financing program, one of the EIB’s measures for stimulating the European economy.

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Plug-in Plug Hybrid Financing 170

Green Car Congress

AUGUST 19, 2010

in match funding to the first three "plugged-in places", financing the rollout of recharging points in London, Milton Keynes and the North East. Tags: Brief. ” The Department for Transport has this year awarded £8.8m

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Charging London Financing Plug-in 199

Green Car Congress

AUGUST 18, 2009

Tesla Motors will develop and manufacture electric vehicle components in a renovated building in the Stanford Research Park in Palo Alto. The facility will supply all-electric powertrain solutions to Tesla Motors vehicles and other automakers. Financing will come in part from loans from the US Department of Energy.

Tesla 186

Tesla Tesla Motors Financing Affordable 186

Green Car Congress

DECEMBER 23, 2009

Ford Motor Company confirmed that all substantive commercial terms relating to the potential sale of Volvo Car Corporation have been settled between Ford and Zhejiang Geely Holding Group Company Limited. Tags: Brief. More details will be made available once the expected definitive sale agreement is signed in the first quarter of 2010.

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2010 Volvo Ford Sale 186

Green Car Congress

MAY 27, 2009

Spirit Avert AG is seeking to raise CHF166 million (US$152 million) in financing to serve as the capital for mindset AG and its planned production of the E-Motion extended range electric vehicle for the European market. The E-Motion is driven by a 70 kW, 220 N·m electric motor powered by a lithium-ion battery pack and a 17.5

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Extended Range Range Bentley Financing 150

Green Car Congress

JUNE 2, 2009

General Motors Corp. Citi acted as financial advisor to General Motors Corporation. billion bridge financing agreement with the German government. Magna International and General Motors Europe had signed a Memorandum of Understanding to continue work on finalizing a partnership agreement for Opel/Vauxhall. Earlier post.)

Hummer 150

Hummer GM General Motors Financing 150

Green Car Congress

AUGUST 10, 2009

Consumers will be able to browse California dealer online showrooms, ask questions, negotiate prices, and arrange financing and payment to purchase a new 2008, 2009 or select 2010 car, crossover or truck online. Tags: Brief.

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Cash For Clunkers GM Sale Dealers 150

Green Car Congress

DECEMBER 4, 2009

Shanghai Automotive Industry Corporation Group (SAIC) and General Motors Company are expanding their cooperation in Asia with the formation of a new 50-50 joint venture investment company, General Motors SAIC Investment Limited. Tags: China India Vehicle Manufacturers. Source: GM. Click to enlarge.

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India Asia GM Commercial 170

Green Car Congress

AUGUST 10, 2009

Enova’s Pre-Transmission Parallel Hybrid System locates the electric motor between the engine and transmission. Enova’s Pre-Transmission system locates the electric motor between the engine and the transmission. Both the electric motor and the existing vehicle’s engine operate simultaneously to drive the wheels during acceleration.

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Hybrid Auto Auto Industry MPG 150

Green Car Congress

MAY 4, 2009

million (14 lakh) people walked in to Tata Motors’ Showrooms, Croma and Westside stores across the country to view the car. Seventy percent of the 203,000 bookings were financed, while 30% of the applicants booked in cash by paying fully. Tags: Brief.

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2009 Auto Industry Financing India 150

Green Car Congress

APRIL 26, 2010

The comprehensive investments in new models and additional capacities in China are to be financed from the cash flow of the Shanghai Volkswagen and FAW-Volkswagen joint ventures and have been confirmed by the Supervisory Board of Volkswagen Aktiengesellschaft. Tags: Brief. percent) to customers in China and Hong Kong.

China 186

China Audi Chinese Automobile 186

Green Car Congress

JUNE 21, 2009

The Surface Transportation Authorization Act: Doubles the investment in highway and motor carrier safety to $12.6 Establishing a new program to finance planning, design, and construction of high-speed rail. The Fund is replenished by revenue collected from motor fuel taxes. billion; Provides $337.4 Highway account balance.

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Transportation Gas 2009 Congress 186

Green Car Congress

APRIL 7, 2009

The financing is expected to be completed this month and will be the fourth and largest investment round since the company’s inception in August 2007. liter gasoline engine runs a generator that can power the car’s electric motors for another 250 miles before refueling. Tags: Brief. After 50 miles, a 2.0

Karma 150

Karma Fisker Plug-in Plug 150

Green Car Congress

MARCH 31, 2009

General Motors announced the most comprehensive customer protection in the industry with “GM Total Confidence”. Once a buyer is halfway through a finance contract, he or she qualifies for “Vehicle Value Protection.” Tags: Brief. Further details are available on the www.gmconfidence.com website.

GM 150

GM General Motors Financing Dealers 150

Green Car Congress

SEPTEMBER 27, 2009

The two-seat Hydrogenius is operated by an integrated fuel cell propulsion system consisting of an air/hydrogen fuel cell as well as a 70 kW electric motor as propulsion. Tags: Brief. Hydrogenius. Click to enlarge. The aircraft carries 4.36 kg of hydrogen compressed at 350 bar. Hydrogenius fuel cell system. Source: IFB.

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San Francisco Universal Fuel Li-ion 199

Green Car Congress

SEPTEMBER 10, 2009

Ending what had extended into a longer-than-expected process of deliberation and negotiations, the Board of General Motors announced its support for a bid from the consortium of Magna International Inc. Tags: Market Background Vehicle Manufacturers. and Sberbank to buy a majority stake in its European Opel/Vauxhall operations.

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GM International Global Parts 170

Green Car Congress

JUNE 5, 2009

General Motors Corp. Tags: Brief. and Penske Automotive Group confirmed details of a proposed transaction under which Penske would acquire the Saturn brand. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and would preserve the Saturn brand. Earlier post.)

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Saturn Puerto Rico Buy VUE 150

Green Car Congress

MAY 28, 2009

Ford Motor Company has executed a commitment letter to support debtor-in-possession financing for Visteon’s restructuring efforts and to ensure long-term continuity of supply. Tags: Brief. Visteon expects to fund its operations with its US cash balance, cash flows from operations and a debtor-in-possession facility.

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United States Delaware Legal Financing 150

Green Car Congress

JULY 7, 2010

million (US$25 million) financed by company contributions as well as European and national funding from Norway and Denmark. liter gasoline car due to its 100 kW/136 hp electric motor, which develops torque of 290 Nm (214 lb-ft). Tags: Europe Fuel Cells Hydrogen. The project has a budget of €19.5 Earlier post.). Earlier post.).

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Norway Hydrogen 2011 Fuel 199

Green Car Congress

JULY 2, 2010

Those engines were based on the Hyundai Motor Company’s 2.0-liter million is being financed through a combination of proceeds from cash generated from the recent warrant exercise and general operating funds. Tags: Engines Natural Gas. In 2009, Juniper Engines introduced its new 2.0-liter liter and 2.4-liter liter and 2.4-liter

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Alternative Fuels Italy Engine Light 207

Green Car Congress

JUNE 27, 2009

General Motors selected its assembly plant in Orion Township, Mich. Troy Clarke, president of General Motors North America. A selection team comprising leaders from several of GM’s functional areas, including manufacturing, labor relations and finance, made the final decision based on a specific set of criteria.

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GM Michigan Future Cars 150

Green Car Congress

JUNE 1, 2009

The development of the cars is being carried out and financed jointly by the two companies. These will combine a front-wheel drive diesel engine with a rear-wheel drive electric motor, powered by an 11.3 Tags: Diesel Hybrids Plug-ins. Earlier post.) They are now extending that cooperation.

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Volvo Plug-in PHEV Diesel 150

Green Car Congress

FEBRUARY 2, 2010

However, because the such a model is currently not envisaged in the Business Plan, additional financing to develop this model could be required. With this financing in place, the business plan does not envisage any future funding being required, neither from Spyker or elsewhere, for Saab to return to profitability.

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Future GM Financing 2010 186

Green Car Congress

SEPTEMBER 19, 2009

billion to Ford Motor Company to transform factories across Illinois, Kentucky, Michigan, Missouri, and Ohio to produce more fuel efficient models. The loan for Ford Motor Company is the first to be finalized since the program was appropriated in the fall of 2008. Tags: Brief. Earlier post.). The program was appropriated $7.5

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Ford Companies Motor Motors 210

Revenge of the Electric Car

NOVEMBER 19, 2009

All stressed that plug-in technology already exists and just needs a push on the financial front from Congress.&#. All stressed that plug-in technology already exists and just needs a push on the financial front from Congress. Tags: EV Economics cash for volts electrification coalition. November 16, 2009: 06:01 PM ET.

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Volt Tax Credit Cash For Clunkers Tax 100

Green Car Congress

JUNE 1, 2009

General Motors Corp. billion of bridge financing from the German government and a Memorandum of Understanding to partner with Magna International Inc. Tags: Market Background Policy Vehicle Manufacturers. GM announced separately that GM Europe has an agreement for €1.5 Earlier post.)

GM 150

GM Canada 2009 2010 150

Green Car Congress

NOVEMBER 16, 2009

” The roadmap report examines the challenges facing electrification, including battery technology and cost, infrastructure financing, regulatory requirements, electric power sector interface, and consumer acceptance issues. Carlos Ghosn, President & CEO, Nissan Motor Company, Ltd. Tags: Electric (Battery) Policy.

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Tax Credit Light Miles Tax 231

Green Car Congress

APRIL 3, 2010

Taxes on motor vehicle fuels should be increased by $0.10 The report recommends that the revenue generated be returned to consumers through reductions in income or payroll taxes and through financing improvements in transportation infrastructure. Tags: Climate Change Emissions Fuel Efficiency Policy. Heywood et al.

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MIT Emissions Light Climate Change 199

Green Car Congress

MARCH 25, 2009

Green Car Congress had the opportunity recently to have a discussion with Mark Donaghy, the Global Marketing Manager for Valence Technology, Inc., In February of 2009 Smith Electric announced an agreement with Ford Motor Company to provide an electric version of the Ford Transit Connect Van for the North American Market.

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Li-ion Batteries Battery 2008 150