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Global auto industry receives $44 billion for greener cars

Green Cars News

The global automotive industry is receiving close to US$44 billion from governments around the world to develop alternative fuel technologies, analysts at Deloitte reveal. The market for alternative fuel vehicles is being strongly supported economic stimulus packages and other government programs in at least 13 markets.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

Since the onset of the global economic crisis most of us have been cutting back to save cash wherever we can. Part of the swing in culture has been a downturn in new car sales. It seems a spark is needed to get us back to the showrooms – so are the leading manufacturers right to put their faith in green cars?

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). The US is in a race for global dominance in the new energy economy with China. by Bill Cooke. Billion vs. $28.3

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Will Obama’s billions jumpstart the electric car? The Green Piece

Green Cars News

If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I

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Volvo unveils medium heavy engine

Green Cars News

Johansson outlined that after substantial growth in recent years thanks to both organic growth and through acquisitions, the company is now ready to become globally competitive. He also noted a slight upturn in certain countries including China, Japan and India, thanks to Government stimulus packages.

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Nissan reports significant net loss

Green Cars News

The struggles came despite the fact that Nissan sold eight all-new models globally: Teana, Infiniti FX, Maxima, Qashqai+2, NP200, KIX mini SUV, Cube and Z. . The global sales forecast for fiscal 2009 is 3.08 Despite the obvious frustrations, Nissan President and CEO Carlos Ghosn remained optimistic. million units.

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When Will EVs Hit Primetime?

Revenge of the Electric Car

In March, BYD chief executive officer Wang Chuanfu announced that in the first half of 2010 the company will sell only 100 e6 cars, to a taxi company in Shenzhen. Chinese green-car subsidies on hold. The uncertainty surrounding Chinese demand for electric cars is tied to subsidies, Mr. Yang says.

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