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Ricardo responds to electric drive stimulus package

Green Cars News

Ricardo, one of the leaders in the development of electric and hybrid vehicles, has welcomed President Obama’s announcement of $2.4billion in grants to accelerate the manufacturing and deployment of the next generation of US batteries and electric vehicles.

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Global auto industry receives $44 billion for greener cars

Green Cars News

The market for alternative fuel vehicles is being strongly supported economic stimulus packages and other government programs in at least 13 markets. Consumer demand for greener vehicles as well as new regulations [.]. Tags: Electric cars alternative fuel automotive Deloitte global market.

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The Race to Plug-In Hybrids Is On

Green Cars News

A powerful roster of key industry players in the rapidly evolving electric vehicle arena will come together at Infocast’s Opportunities in Grid-Connected Mobility in San Francisco, California. A key goal of the Obama administration is to have one million ‘PHEVs’ or a fully electric vehicle on the road by 2015.

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Nissan reports significant net loss

Green Cars News

During the year, Nissan sold a total of 3,411,000 vehicles worldwide which is down 9.5%. Nissan has followed Honda and several other Japanese carmakers by announcing significant losses in its financial results for the fiscal year ending in 2008. Its net revenues of $83.78billion were accompanied by a net loss of $2.32billion.

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