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Tesla replays DOE loan nine years early

Green Car Congress

Elon Musk, Tesla’s Chief Executive Officer and cofounder, purchased $100 million of common equity, the least secure portion of the offering. More than 90% of loan loss reserve Congress established remains intact, while losses to date represent about 2 percent of the overall $34-billion portfolio.

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US DOE Issues Request for Information on Hydrogen and Fuel Cell Market Development; Reports to Congress on Program

Green Car Congress

At the end of January, DOE also issued the Hydrogen and Fuel Cell Activities, Progress, and Plans Report to Congress as required by the Energy Policy Act of 2005 (EPACT). DOE is seeking to facilitate the market penetration of hydrogen and fuel cell products through higher volume purchases (e.g., Report to Congress.

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Ford and Corning introduce lightweight Gorilla Glass hybrid windshield technology on Ford GT

Green Car Congress

A small, dedicated group comprising purchasing and engineering employees from Ford and Corning fast-tracked the technology toward rapid introduction. Originally introduced in America by Henry Ford, the technology has been used in the auto industry for nearly a century. Within four months, they were seeking program approval.

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GM and Chrysler Submit Updated Restructuring Plans; Up to $18.6B More Needed; Outlines for Product Plans

Green Car Congress

As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. The plans, updated in the context of a worsening sales outlook for the entire auto industry, outline a need for up to an additional $16.6

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the auto industry. With all of the costs and capacity being wrung out of the system, the auto industry may become spectacularly profitable as demand climbs back toward trend levels. Laura Marcero

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Using the PHEV (Plug-In Hybrid Electric Vehicle) to Transition Society Seamlessly and Profitably From Fossil Fuel to 100% Renewable Energy

Green Car Congress

It offers the solution to several significant transitions we need: moving society from burning fossil fuels to substituting renewable resource fuels such as solar, wind and biofuels; and from using fossil materials as fuel to using them for other recyclable uses. Distributed Solar and Wind with the PHEV. It is much more than that.

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GM: Putting 1M Plug-ins on the Road Will Require a Plug-In Ecosystem

Green Car Congress

Those wishing to participate will be able to tie into the multi-site webchat from Green Car Congress tomorrow, as well as directly on GM’s FastLane Blog , the EV World site, or the GM-Volt site. Most new capacity is now combined cycle natural gas or renewable (almost entirely wind). The charging pyramid. Source: EPRI. Click to enlarge.

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