CarBuyersNoteBook » Government funding http://www.carbuyersnotebook.com A Car Buyers NoteBook Sat, 20 Mar 2010 03:08:53 +0000 http://wordpress.org/?v=2.8.4 hourly 1 GM Going All Out–Seven to Ten New Models Coming Soon http://www.carbuyersnotebook.com/gm-going-all-out-seven-to-ten-new-models-coming-soon/ http://www.carbuyersnotebook.com/gm-going-all-out-seven-to-ten-new-models-coming-soon/#comments Thu, 15 Oct 2009 17:05:49 +0000 Steve Anderson http://www.carbuyersnotebook.com/?p=12053 Consider that, despite all common sense or simple logic, we Americans actually own a major chunk of GM thanks to the massive bailouts they’ve received courtesy of us.  Thus, it behooves us to keep an eye on our investment, and for some reason, they’re spending like drunken sailors.

No, that’s an insult to the drunken sailors. They’re spending like the government owns them–which, I guess, it DOES.

They’ve recently announced plans, you see, to introduce between seven and ten new models of GM car over the next year.  Sure, this will get them loads of ink in places just like here, and it’ll also get them a lot of word of mouth interest, but it’ll also sink them in the red like nobody’s business.  Introducing even one new model is a pricey endeavor–seven to ten will cost billions.

Like with a “b” billions.

Excuse me if I don’t think this is a horrendous idea–a couple new models, maybe…but that many in that short a time speaks of impatience and desperation.

Tags: Auto Bailout, GM, government, government bailout, Government funding

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]]> http://js-kit.com/rss/www.carbuyersnotebook.com/p=12053 0 The US Government to Offer Electric Car Develpment Loans to Tesla, Nissan and Ford http://www.carbuyersnotebook.com/the-us-government-to-offer-electric-car-develpment-loans-to-tesla-nissan-and-ford/ http://www.carbuyersnotebook.com/the-us-government-to-offer-electric-car-develpment-loans-to-tesla-nissan-and-ford/#comments Wed, 24 Jun 2009 04:40:31 +0000 Chris http://www.carbuyersnotebook.com/?p=9132
The US government has decided to offer some important loans for electric car development. Tesla is going to receive $465 million from the Department of Energy Advanced Technology Vehicle Manufacturing program. Nissan is going to receive even more. $1.6 billion will be offered to Nissan to build batteries and EVs in Tennessee. Ford has received $5.9 billion which is going to go into the development of two new electric cars. We’ll be waiting patiently to see what new electric cars are going to emerge especially from Ford since it has received a large chunk of that available funds.

Tags: electric car, Ford, Government funding, Nissan, Tesla

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]]> http://js-kit.com/rss/www.carbuyersnotebook.com/p=9132 1 Bright Automotive Unveils Plug-in Hybrid Car http://www.carbuyersnotebook.com/bright-automotive-unveils-plug-in-hybrid-car/ http://www.carbuyersnotebook.com/bright-automotive-unveils-plug-in-hybrid-car/#comments Sun, 19 Apr 2009 05:12:05 +0000 Brian http://www.carbuyersnotebook.com/?p=6911 The Idea from Bright Automotive will be officially unveiled in Washington D.C. The vehicle is expected to get 100 miles per gallon and was developed at Bright’s headquarters at the Flagship Enterprise Center.

“We founded the company based on doing the right thing for the transportation sector,” said Bright President and CEO John Waters. “We’ve leveraged some of our expertise of our team’s abilities, which is strongly experienced in advanced automotive technology, electrification of vehicles and sustainability.”

The Bright team hopes to find capital in the capitol city. The company will lobby to receive $55 million in government funding to produce 50,000 vehicles by the end of 2012. On Tuesday morning, the company will hold a briefing before members of the House of Representatives, including Rep. Mike Pence, and perform a vehicle preview on the streets of Washington. Carol Browner, chief energy counselor to President Barack Obama, is expected to attend, along with companies interested in fuel-efficient transportation, including Duke Energy and Frito-Lay North America.

Waters said the vehicle has undergone “stealth tests” on public streets but, for all practical purposes, Tuesday will mark the Idea’s world premiere.

Bright plans to create 550 new jobs through 2010 and more than 5,000 by 2013. That may sound ambitious for 15-month-old startup company, but Bright has the pedigree to pull it off.

(Source) The Herald Bulletin

Tags: advanced automotive technology, Barack Obama, capitol city, duke energy, electrification, enterprise center, Government funding, herald bulletin, miles per gallon, plug in hybrid car, startup company, transportation sector, tuesday morning

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]]> http://js-kit.com/rss/www.carbuyersnotebook.com/p=6911 1 Tesla Motors Hoping for Government Funds http://www.carbuyersnotebook.com/tesla-motors-hoping-for-government-funds/ http://www.carbuyersnotebook.com/tesla-motors-hoping-for-government-funds/#comments Sat, 14 Feb 2009 17:47:04 +0000 Simon http://www.carbuyersnotebook.com/?p=4195 Tesla Motors has applied for a $450 million loan from the U.S. government to produce a $60,000 all-electric sedan currently dubbed the Tesla S car. “I am excited to report that the Department of Energy informed Tesla last week that they expect to disburse funds within four or five months,” Elon Musk, Tesla’s chief executive and chairman, wrote in a newsletter distributed to customers this week. Tesla is hoping to receive the funds as early as this summer, though an Energy Department spokeswoman when contacted about the long-anticipated loan said that the agency “has made no final decisions for specific applications for the auto-loan program.”

The loan, if approved, would come from $25 billion set aside by the federal government to retool the American auto industry to make more fuel-efficient cars and trucks. Tesla said it is looking at locations in California as the most likely sites for the new plant. Of 75 applicants for the federal funds, Tesla is one of only 21 with an application complete enough to be close to an actual award.

Tags: fuel efficient cars, Government funding, Tesla

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