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Green car subsidies boost vehicle sales

Green Cars News

The subsidies, which are due to expire at the end of September, helped sales of new vehicles in the country climb by 12.9 The Toyota Motor Corporation saw its sales shoot up by 19.1 [.]. per cent during July to 486,606 units.

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Geely and Kandi to form EV joint venture in China

Green Car Congress

Geely Holdings and Kandi Technology Corporation have created a framework of cooperation which will see the two companies work together in a new joint venture company involved in the research and development, production, investment, and marketing of electric vehicles. —Li Shufu, Geely chairman.

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General Motors asset sale receives approval

Green Cars News

The sale of substantially all of General Motors Corporation’s assets to NGMCO Inc, an entity funded by the US Department of the Treasury, has been approved by US Bankruptcy Court. Now, NGMCO Inc will change its name to General Motors Company and continue to operate under the company’s historic brands.

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Ford completes Volvo sale to Geely

Green Cars News

It has been coming for months and now the Ford Motor Company has completed the sale of Volvo Car Corporation and its related assets to Zhejiang Geely Holding Group Company Limited. The China-based company has bought Volvo and its assets for $1.8billion, which includes a $200million note and balance in cash.

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Details on Ford’s Volvo sale

Green Cars News

You’ve probably already heard about Ford’s decision to sell the Volvo Car Corporation and its related assets to Zhejiang Geely Holding Group Company Limited – and now we can bring you the details of the deal. The sale is expected to close in the third quarter of this year with the purchase price of Volvo Cars [.].

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Chamber makes smart move to green cars

Green Cars News

A fleet of eight diesel smart cars is destined to prove ‘the business’ for Sheffield Chamber of Commerce, which has just taken delivery of one of the UK’s first corporate orders for the new fortwo cdi model. As the world’s most efficient fossil-fuelled production car, the model returns a staggering 85.6

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Toyota hybrid sales top two million

Green Cars News

Hybrid cars are gradually developing from a niche alternative to a mainstream solution and now their impact has been reaffirmed with the news that the Toyota Motor Corporation has cumulatively sold more than two million hybrid vehicles since the 1997 launch of the Coaster Hybrid EV and the Prius. per cent of the total.

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