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DOE Announces $528.7M Conditional Loan for Fisker Automotive for PHEVs

Green Car Congress

million conditional loan to Fisker Automotive for the development of two lines of plug-in hybrids—the Karma and the new Project Nina vehicle—by 2016. This is the fourth conditional loan commitment the Department of Energy has entered into under the Advanced Technology Vehicles Manufacturing (ATVM) Loan program. Earlier post.).

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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

These projects, selected through a highly competitive process by the Department of Energy (DOE), are intended to accelerate the development of US manufacturing capacity for batteries and electric drive components as well as the deployment of electric drive vehicles. Industry officials expect that this $2.4 A123 Systems, Inc.

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GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days

Green Car Congress

Columbus, Ohio Close: 31 Dec 2009. GM also reaffirmed its commitment to improve the fuel efficiency of its vehicle fleet, meet or exceed new federal fuel economy and emissions regulations, and push ahead with advanced propulsion technology. Closed: May 2009*. Boston, Mass. Close: 31 Dec 2009. Jacksonville, Fla. Close: 31 Dec 2009.

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