A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

Green Car Congress

GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. In addition to the private capital, A123 is seeking funds under federal and state stimulus and other programs to ramp up its production capabilities in Michigan. With this financing, we will begin an expansion that we expect to accelerate upon receipt of government funds.

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California Startup Aurica Motors Trying to Keep NUMMI Plant Open for Manufacturing Electric Cars, Battery Swap System

Green Car Congress

Startup electric car company Aurica Motors announced a plan to keep the NUMMI plant, which employs 4,700 people, from shutting down when Toyota leaves on 31 March. Under the proposed plan, the NUMMI plant in Fremont, California would be converted into the manufacturing facility for the Aurica Motors E-Car, an all-electric vehicle, as well as Aurica’s proposed PEP (Power Exchange Package) battery swap system.

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Trending Sources

Ford Starts EV Test Drives

Revenge of the Electric Car

“Ford Motor Co. 28 (Bloomberg) — Ford Motor Co. Local utility RheinEnergie AG will supply vehicle-charging stations for the test, which is being financed by the German government’s economic-stimulus package, Dudenhoeffer said. Ford is starting EV trials in Germany. For more details, follow the link … Ford Plans to Start Electric-Car Tests in Germany Next Month.

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Can Electric Vehicles Speed Up As The Economy Slows Down?


In Germany, statistics from the Federal Motor Transport Authority reveal that total car registrations in March fell by 38% while fully electric cars actually grew by 56% and hybrids by 208%.

Tesla + Toyota

Revenge of the Electric Car

“This is like Christmas in May,&# said Saki Kavouniaris, whose steakhouse and cocktail lounge on Warm Springs Boulevard had seen business slump 30 percent since the New United Motor Manufacturing Inc. That project, according to the White House, employs more than 1,000 workers, making it one of the most successful stimulus investments in terms of spurring job creation.

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California Goes To Hell In A Handbasket But Greenius Says AB 811 is Our Route To Green Heaven

Creative Greenius

As my beloved state of California’s driftless and leaderless economy was being driven deeper and deeper into the toilet by the least impressive occupants of Sacramento in modern history, I hopped in my del Sol Greeniusmobile and motored to downtown Los Angeles last month headed for the palatial headquarters of the Metropolitan Transportation Authority, the MTA. Since it provides easy financing for solar PV and energy efficiency, AB 811 fits into all this like a hand-in-glove.

2009 163

Honda May Develop Plug-In as Obama Alters U.S. Policy (Update2) - Bloomberg.com

Tony Karrer Delicious EVdriven

Policy (Update2) Share | Email | Print | A A A By Alan Ohnsman April 27 (Bloomberg) -- Honda Motor Co. , General Motors Corp., Toyota Motor Corp. and startups Tesla Motors Inc. Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimulus package approved in February for buyers of plug-incars. While GM, Toyota and Hyundai Motor Co.

2009 44

Chrysler unveils new electric minivan for the US Postal Service

Tony Karrer Delicious EVdriven

However, the electric drive portion of the vehicles, including the motor, electronics and A123 System lithium ion battery pack is identical. Department of Energys Transportation Electrification stimulus program for a federal grant that would enable a nationwide demonstration fleet with the United States Postal Service (USPS) * Potential partnership with USPS to include infrastructure support from ConEd, Duke Energy, DTE Energy and Electric Power Research Institute (EPRI) Washington, D.C.,

Cleantech Blog: Smart Grids and Electric Vehicles

Tony Karrer Delicious EVdriven

People-Oriented Development Current Status of REDD Financing the Fifth Fuel Peak Phosphorus - Commence Urine Recyling on Space. The Three Prongs of the “Green&# Energy Stimulus Pa. 1) XEL (1) XPV Capital (1) YGE (1) YHOO (1) ZENN Motor Company (1) ZNN.V (1) Cleantech Blog Cleantechblog.com, the premier cleantech site for commentary on news and technology relating to clean tech, greentech, energy, climate change and carbon, and the environment.

2009 28

Why Warren Buffett is investing in electric car company BYD - Apr. 13, 2009

Tony Karrer Delicious EVdriven

News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Warren Buffett takes charge Warren Buffett hasnt just seen the car of the future, hes sitting in the drivers seat. Thats less than Ford ( F , Fortune 500 ) ($7 billion at the beginning of April), but more than General Motors ( GM , Fortune 500 ) ($1.3 More Will the Motor City shakeup work?

2009 51

Rapid Charging Electric Cars: How Fast, How Soon?

Tony Karrer Delicious EVdriven

Written by Josie Garthwaite 9 Comments Posted March 31st, 2009 at 5:00 am in Automotive Before unveiling the concept version of its Model S sedan, an $57,400 electric car that Tesla Motors wants to build using loans from the Department of Energy, the startup said the Model S battery would be designed to handle rapid charging. Which scheme wins may depend (in addition to financing hurdles) as much on our driving habits and patience as on advances in technology.

2009 28