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Azure Dynamics Wins 10 Balance Hybrid Electric Sales to Kentucky Municipalities; Option for 40 Additional Buses

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Azure Dynamics Corporation recently won orders for up to 50 Balance Hybrid Electric Shuttle Buses by Kentucky municipalities. The stimulus funds were provided to members of the Kentucky Public Transit Association. Under a competitive bid process a contract was awarded to National Bus Sales and Leasing, Inc.

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King County, Washington, Purchases 24 Azure Dynamics Balance Hybrid Electric Buses

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Azure Dynamics Corporation announced the sale of 24 Balance Hybrid Electric buses to King County, Washington for its Access Transportation services. StarTrans Bus, a Supreme Corporation company, provided the 22-foot shuttle bus bodies with a capacity of up to 12 seated passengers plus two wheelchair positions.

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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

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Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. GSR Ventures has offices in Beijing and Silicon Valley.

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Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

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Key developments in the transportation sector that they note include: Positive for gasoline demand: Strong Chinese car growth in 2010, particularly in the first half of the year, with vehicle sales up 30% year-on-year (YoY) through the first eleven months of 2010. In the US hybrids fell from about 3% of total sales in 2008-09 to 2.2%

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GE to Open Sodium-Metal Halide Battery Plant in New York

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The announcement coincides with GE’s submission this week for federal stimulus dollars from the US Department of Energy. Immelt said that GE expected to generate about $500 million in sales from its batteries by 2015, building forward to a $1-billion franchise over time. The initial investment in the factory will be $100 million.

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Freightliner Custom Chassis Corporations All-Electric Walk-In Van Chassis Debuts at NTEA Work Truck Show; Enova Drive System, Tesla Battery Pack

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Freightliner Custom Chassis Corporation (FCCC) presented the preproduction plug-in all-electric walk-in van (WIV) chassis at the 2010 National Truck Equipment Association (NTEA) Work Truck Show. FCCC initiated our all-electric project well before stimulus money and federal grants were available for alternative-power transportation projects.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

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According to Marcero, who is part of the firm’s Corporate Advisory and Restructuring Services team based in Southfield, Mich., Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.

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