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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and auto industries. Companies and universities in Michigan are receiving more than $1 billion of the grants.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.

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US Treasury To Provide Up To $5B in Financing For Auto Supplier Support

Green Car Congress

While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.

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US Utilities Pledge to Ramp Up Efforts To Make Electricity a Crucial Transportation Fuel

Green Car Congress

Vehicle and Infrastructure Incentives : Utilities pledge to work with federal, state and local stakeholders to help develop purchase and ownership incentives (monetary/non-monetary) supporting both vehicles and infrastructure deployment. We, as an industry, are eager to collaborate with the auto industry and others to bring PEVs to market.

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One way or another, Fisker Automotive may soon be off the market

Green Car Congress

The purchase funds for Fisker would in theory go directly to the DOE since the government agency loaned the auto company a large sum of money before it stopped production more than a year ago. However, the stipulation is an issue that’s caused other buyers to pull out of purchasing the company. Earlier post.)

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Ener1 Outlines Automotive Programs Underway for Li-ion Packs

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Ener1 said that customer interest in its lithium-ion batteries from all segments remained strong in spite of distress the auto industry and current recessionary economic conditions. Ener1 purchased $21.3 Net loss in 2008 was $43 million, compared to a loss of $51.7 million in 2007. million of equipment during 2008, of which $7.2

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Ford Exec Cites US Energy Policies As Critical Factor in Shaping Future Vehicle Fleet, Calls for Cap-and-Trade Program

Green Car Congress

Cischke cited the recent agreement on one national standard for fuel economy and greenhouse gas emissions regulations as an example of how the government, the auto industry and the environmental community can work together toward common goals. Earlier post.) mpg in 2016. —Sue Cischke. Ford received a $62.7 Earlier post.).

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