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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

Green Car Congress

Echo Automotive, Inc., a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. —Dan Kennedy, Echo’s CEO.

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GM looking to combination of internal R&D and external investments for new technology; focus on five key areas; the importance of generational change

Green Car Congress

GM is focusing on five key areas, Lauckner said: “Now more than ever we are working with non-automotive companies in terms of sourcing the technology.” —John Lauckner. Today it is not unusual to find 75 seperate control modules and upwards of 100 millions lines of code. Manufacturing technology. An area that will always be core.

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