article thumbnail

Bright Automotive Applies for $35M in Stimulus Package Grants to Accelerate Production of PHEV

Green Car Congress

In addition to these grants, Bright Automotive has applied for $450 million in government loans under the Energy Independence and Security Act of 2007 Advanced Technology Vehicles Manufacturing Loan Program. The company continues to work with the Department of Energy in support of its application.

article thumbnail

MECA: 31,283 Diesel Retrofits in US in 2008

Green Car Congress

Worldwide, compared to the results of MECA’s 2007 survey, the overall 2008 sales figures remained about the same (43,118 diesel retrofit devices were sold by MECA member companies worldwide in 2008 vs. 44,625 in 2007). In California, 5,606 diesel retrofit devices were sold, of which 96% were diesel particulate filters.

2008 186
article thumbnail

Ener1 Outlines Automotive Programs Underway for Li-ion Packs

Green Car Congress

million compared to $280,000 in 2007. Operating expenses were $36 million in 2008 compared to $21 million in 2007 as Ener1 increased research and development expenditures for customer and government projects, with R&D accounting for $23 million. million in 2007. Overall, Ener1 reported 2008 revenues of $6.8

Li-ion 150
article thumbnail

Chrysler Disbands ENVI Electric Vehicle Group; Function Absorbed into Traditional Line Organization

Green Car Congress

Reuters reports that Chrysler has disbanded its ENVI team, formed in 2007 to bring electric-drive vehicles and related advanced-propulsion technologies to market. Earlier post.) Earlier post.). In April 2009, Chrysler unveiled four all-electric Chrysler Town & Country minivan concepts to the US Postal Service (USPS) in Washington, DC.

Chrysler 210
article thumbnail

Yardney and Coda Automotive Form JV for US Automotive Li-ion Systems Production; Lishen Expected to Participate

Green Car Congress

Coda Battery Systems LLC submitted a proposal under the stimulus grant program to the Department of Energy on 19 May for funding to build manufacturing at a facility in Enfield, CT. In 2007, Yardney received two federal awards totaling $200,000 for developing lithium-ion batteries for use in hybrid electric vehicles. Earlier post.).

Li-ion 150
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). chance of default. Five months ago.

Financing 150
article thumbnail

Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

Green Car Congress

The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Without the CAFE standard and stimulus monies to promote green vehicle tech, the industry would not be headed toward a greener horizon.

Renewable 220