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Opposed-piston engine company Achates Power raises $35.2M in Series C Financing; new industry advisory board

Green Car Congress

million in Series C financing. The Series C financing follows a $19-million Series B round in 2009 and brings the total raised by Achates Power to nearly $90 million since its 2004 founding. director of engine research at Southwest Research Institute and 2002 SAE president. Achates Power, Inc., Diesel Engines'

Financing 236
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Brasov orders 25 Solaris Trollino 18 articulated trolleybuses

Green Car Congress

The main purpose of the project co-financed by the EU is to reduce pollutant emissions in the centre of the city. Since 2002, the manufacturer has supplied nearly 300 vehicles to Romanian carriers, including more than 100 Trollino vehicles and 41 Urbino 12 electric battery buses.

Romania 262
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Ford and Sollers form new JV in Russia; letter of intent for $1.4B in long term financing

Green Car Congress

Ford and Sollers also signed a Letter of Intent with Vnesheconombank (VEB), the Russian development bank, for long-term financing for Ford Sollers of 39 billion Russian roubles, or approximately $1.4 In 2002, Ford became the first foreign automaker to manufacture cars in Russia.

Russia 199
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Junkyard Find: 1986 Dodge Lancer ES Turbo

The Truth About Cars

For the 2002 model year, Mitsubishi Lancers finally arrived on this side of the Pacific. percent financing or $500 cash back! Mitsubishi began using the Lancer name in 1973, and Lancers with Dodge Colt badges appeared in the United States for the 1977 model year. Prior to that, the Colt had been Galant-based.

Dodge 99
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ARRA funding raises R&D expenditures within federally funded R&D centers 11% to $16.8B in FY 2010

Green Car Congress

increase is the largest one-year increase since 2002, when expenditures increased 14.5% Between FY 2002 and 2009, FFRDC expenditures increased an average of 5% each year, with the exception of a brief stall in FY 2006.

2010 218
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Hyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market

Baua Electric

Hyundai and BAIC’s relationship dates back to 2002 when they established a joint venture to build a car plant in China. Although reports claimed Hyundai would produce EVs under the Chinese automaker’s Arcfox brand in October, those plans have since fallen through over financing.

Hyundai 52
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Russian entrepreneur Boris Zingarevich buys EV maker Think

Green Car Congress

Zingarevich, who has been the principal investor since 2002 in lithium-ion battery manufacturer Ener1, Inc., Ener1 and Valmet were the senior secured creditors of Think when the company filed for bankruptcy after failing to raise adequate capital to continue financing operations. Russian entrepreneur Boris G. Earlier post.).

Buy 199