Magna Provides Clarification Regarding Potential Battery Investments
May 26, 2010
AURORA, Canada, May 26, 2010 -- Magna International Inc. (TSX: MG.A, NYSE: MGA) today issued certain points of clarification in response to recent media reports regarding Magna's potential future investment in battery plants. Siegfried Wolf, Magna's Co-Chief Executive Officer stated: "We believe that the market for hyb ... Continue reading
India's Mahindra Enters High Growth Electric Car Segment; Acquires Majority Stake in REVA
May 26, 2010
BANGALORE, India, May 26, 2010 -- - Mahindra to Have 55.2% Equity in REVA Electric Car Company (REVA). - Company to be Renamed Mahindra REVA Electric Vehicle Company (Mahindra REVA) - Mahindra REVA to Leverage Mahindra's Vehicle Development Expertise - Mahindra REVA Electric Technology to be Deployed in Mahindra Vehicl ... Continue reading
May 26, 2010
BOSTON--2009 was a dark year for the automotive industry, with light vehicle output falling by 12% and demand for automotive electronic systems dropping even faster to 15% when demand shifted to smaller, lower-cost vehicles with fewer electronic features. The Strategy Analytics Automotive Electronics Service (AES) repo ... Continue reading
Nissan Says Leaf Electric Car Is Sold Out for This Year
May 26, 2010
Nissan's chief executive, Carlos Ghosn, said Tuesday that the company had already received 19,000 orders in the United States and Japan for the electric car that it would start selling at year-end. The New York Times reports that more than six months before the car, the Nissan Leaf, arrives at dealerships, the preorder ... Continue reading
Toyota and Daimler To Co-operate On Fuel Cell Realization
May 26, 2010
TOKYO (May 25, 2010Reuters) - Japan's Toyota Motor Corp (Tokyo:7203.T - News) and Germany's Daimler AG (XETRA:DAIGN.DE - News) plan extensive cooperation in the field of fuel cells for electric cars, the Financial Times Deutschland reported, citing unidentified sources. The partnership could take the form of a joint ve ... Continue reading
May 26, 2010
SYDNEY, Australia--Coulomb Technologies today announced their partner distributor ChargePoint Australia unveiled Sydney's first public ChargePoint Networked Charging Station for electric vehicles in Derby Place, Glebe Australia. The station was installed by Visionstream and is managed by ChargePoint AU. The charging st ... Continue reading
Mitsubishi to Loan Two i-MiEVs to the State of California for Evaluation
May 25, 2010
SACRAMENTO, CA - May 25, 2010: Mitsubishi Motors North America, Inc., (MMNA) announced it will loan two of its zero-emission, new-generation, i-MiEVs to the State of California for evaluation in their test fleet. The move comes as the Governor's office and the Department of General Services both expressed interest in t ... Continue reading
May 25, 2010
BOULDER, Colo.--The automotive industry will reach a turning point during 2010, as it begins the gradual transition away from the internal combustion engine and towards electrification. According to a new report from Pike Research, this evolution will require the ongoing buildout of electric vehicle (EV) charging infra ... Continue reading
May 25, 2010
LONDON, May 25 -- The Electric Vehicles market is irrefutably changing the landscape of the automotive world and its related industries. To successfully grasp these changes as well as the manifold opportunities and implications they bring, it is critical to understand the new business models and infrastructure trends i ... Continue reading
Industry Likes Long-Term MPG Plan - DUH! and Why Shouldn't They?
May 25, 2010
According to Automotive News, President Barack Obama won praise from the auto industry last week when he outlined plans to come up with fuel economy standards for 2017-25 model cars and light trucks plus 2014-18 model medium and heavy-duty trucks and buses. Automakers have pushed for a long-range program and said the p ... Continue reading
CODA to Site Electric Car Battery Manufacturing Facility in Ohio Pending DOE Loan
May 25, 2010
SANTA MONICA, Calif., May 25 -- CODA, a California-based electric car and battery company, announced today its plans to build an automotive-grade lithium ion battery system manufacturing facility in Ohio. CODA is considering several sites within Ohio for the facility, which could employ more than 1,000 skilled manufact ... Continue reading
First U.S.-China Summit on Hybrid and Electric Vehicles Set for Indianapolis
May 24, 2010
INDIANAPOLIS--Executives from Energy Systems Network joined Governor Mitch Daniels and officials from the Consulate-General of the Peoples Republic of China (Chicago) to announce that Indianapolis will host the first U.S.-China Advanced Technology Vehicle Summit Thursday and Friday (May 27-28). "This is the largest del ... Continue reading
Toyota to Reopen NUMMI Plant in Fremont: Religious Leaders & Workers Celebrate & Pray for More Jobs
May 24, 2010
FREMONT, Calif., May 24 /PRNewswire-USNewswire/ -- On Monday, May 24, Bay Area religious, political and community leaders will join to celebrate Toyota's recent decision to partner with Tesla and reopen the NUMMI plant in Fremont - the last automobile production facility in California. At a time when our State is grapp ... Continue reading
Ford to Engineer, Assemble Hybrid Battery Packs and Transaxles In Michigan, Adding 220 New Jobs
May 24, 2010
YPSILANTI, Mich., May 24 -- -- Ford is investing $135 million to design, engineer and produce key components for its next-generation hybrid-electric vehicles that go into production in 2012 in North America -- Ford is adding green technology jobs in Michigan as the state becomes its center of excellence for vehicle ele ... Continue reading
May 22, 2010
What qualifies as gluttonous profits? How about 8,000%! * By Marc J. Rauch Exec. Vice President/Co-Publisher The Auto Channel Late yesterday, Friday afternoon, I received a curious email from someone purporting to be with a website called EnergyTribune.com; an online entity that Iâve always felt was nothing more t ... Continue reading
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