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DOE not proceeding with ATVM loan for Carbon Motors; company exploring strategic and financing alternatives

Green Car Congress

The Advanced Technology Vehicles Manufacturing Loan Program, first appropriated in the fall of 2008, was to provide about $25 billion in loans to companies making cars and components in US factories that increase fuel economy at least 25% above 2005 fuel economy levels.

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XL Hybrids to display retrofitted hybrid Chevrolet 2500 Cargo Van at MIT Energy Conference

Green Car Congress

The company says that its hybrid powertrain increases the EPA city fuel economy by 25%, which can provide a three year payback without government incentives, or immediate savings when combined with vehicle financing. XL Hybrids was started by MIT alumni who collectively have founded four alternative energy companies.

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Shanghai GM Aims to Reduce Fuel Consumption 15%, Improve Performance 14% by 2015; New Engines, Prototype New Sail Electric Vehicle

Green Car Congress

Shanghai GM has outlined the next phase of its “Drive to Green” product strategy—launched in 2008 ( earlier post )—for 2011-2015. The joint venture between GM and SAIC intends to reduce fuel consumption and CO 2 emissions by 15% while improving performance 14% by 2015. Several targets announced in 2008 have already been achieved.

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DOE Finalizes $5.9 Billion Loan for Ford Motor Company

Green Car Congress

The loan for Ford Motor Company is the first to be finalized since the program was appropriated in the fall of 2008. billion by Congress to support up to $25 billion in loans to companies making cars and components in US factories that increase fuel economy at least 25 percent above 2005 fuel economy levels.

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First Three Conditional Loan Commitments Under DOEs ATVM Program go to Ford Motor Company, Nissan Motors and Tesla Motors

Green Car Congress

The Advanced Technology Vehicles Manufacturing Loan Program, first appropriated in the fall of 2008, will provide about $25 billion in loans to companies making cars and components in US factories that increase fuel economy at least 25% above 2005 fuel economy levels. Ford Motor Company will receive $5.9

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GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days

Green Car Congress

Reduce GM’s total number of assembly, powertrain and stamping facilities in the US from 47 in 2008 to 34 by the end of 2010 and 33 by 2012. GM will launch the Chevrolet Volt extended range electric vehicle in 2010, expects to have 14 hybrid models in production by 2012, and will have 65% of vehicles alternative-fuel capable by 2014.

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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

Achieving the required improvements in fuel economy and tailpipe emissions will necessitate. Fitch expects industry R&D spending to continue rising over the. next several years as regulatory requirements tighten and more advanced technological features are offered on an increasing number of vehicles. weight savings.

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