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Startup electric car company Aurica Motors announced a plan to keep the NUMMI plant, which employs 4,700 people, from shutting down when Toyota leaves on 31 March. Aurica is trying to obtain Federal economic stimulus funding to convert NUMMI to electric car manufacturing, but is also open to private financing.
is considering building a battery plant in the US or Europe and will look into the possibility of funding from the economic stimuluspackage proposed by President Barack Obama. On Monday, Tanfield announced a deal with Ford Motor Co. On Monday, Tanfield announced a deal with Ford Motor Co. Earlier post.]. Earlier post.].
Two factors are driving the recovery, notably low automotive inventory that will result in new car growth next year, combined with stimuluspackages designed to benefit the ailing car sector while favoring the switch to electric and hybrid cars, which are typically more expensive than equivalent internal combustion-driven models.
“Ford Motor Co. 28 (Bloomberg) — Ford Motor Co. Local utility RheinEnergie AG will supply vehicle-charging stations for the test, which is being financed by the German government’s economic-stimuluspackage, Dudenhoeffer said. Ford is starting EV trials in Germany. 4 as the U.S. By Chris Reiter. 4 as the U.S.
The treasure chest was cleverly disguised in the form of Federal stimulus money from the ARRA, the American Recovery and Reinvestment Act. But snatching victory from the jaws of defeat – like a last second Derek Fisher three pointer at the buzzer – as I discovered from Brian Gitt, is the infusion of ARRA stimulus money.
Around the same time, General Motors will introduce the Chevrolet Volt, a vehicle able to go 40 miles on electricity before its small gasoline engine kicks in. Tesla Motors, a Silicon Valley company that makes electric cars, says it has already sold 150 of its $109,000 Roadsters in the Bay Area. Sperling said.
Email « Daily Sprout GE Looking to Tap $2 Trillion of Stimulus Spending » Leave a reply Name (required) Email (required, will not be published) Website Notify me of follow-up comments via email. Earth2Tech] Omniture Launches Viral Video Measurement [NewTeeVee] Can New York Save Broadband?
Policy (Update2) Share | Email | Print | A A A By Alan Ohnsman April 27 (Bloomberg) -- Honda Motor Co. , General Motors Corp., Toyota Motor Corp. and startups Tesla Motors Inc. Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimuluspackage approved in February for buyers of plug-incars.
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