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GM to buy back 200M shares held by US Treasury for $5.5B

Green Car Congress

Government ownership of GM stock was the result of the auto industry rescue that began under President George W. Bush in 2008 and which was expanded by President Barack Obama in 2009.

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Nissan Leaf – Taking Reservations

Revenge of the Electric Car

The four-door Nissan Leaf will go on sale later this year at a cost of about $20,000 after a federal tax credit and state rebate, a price low enough that auto industry analysts say it will attract consumers who have never considered driving electric vehicles before. Tags: EV Economics Obama Energy Production News Nissan Leaf.

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When Will EVs Hit Primetime?

Revenge of the Electric Car

Similarly, in China, the sheer size of the auto industry and the country’s ambitious clean-energy goals suggest a potentially huge market for electric cars. China overtook the US last year as the largest auto market in the world. The third phase will be released around 2015. “That’s going to be tough.&#.

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The Race to Plug-In Hybrids Is On

Green Cars News

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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Will green cars put industry on road to profit?

Green Cars News

It believes that many of the domestic industry’s problems stem from an underestimation of US consumer demand for green cars. Or should Americans be allowed to buy the vehicles they want irrespective of environmental damage or a lack of resources? Does something need to be done to push petrol prices up?

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Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

Clearly the goal of the cash for clunkers scheme was to revitalise US auto sales – but the underlying target, according to the Obama administration, was also to encourage US drivers towards more fuel efficient vehicles that would ultimately reduce the country’s dependence on foreign oil. So is this scheme green at all?

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Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Electric car supporters are rising to defend General Motors’ development of the Chevy Volt after the Obama Administration’s automotive task force proclaimed that the car was probably too expensive to be commercially successful in the near future. Supporters of the car say that’s shortsighted. and Chrysler. Whatever B.C.G.’s

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