Green Options » 2011 http://greenoptions.com/tag/2011 Posts tagged '2011' Wed, 25 Mar 2009 14:23:00 +0000 http://wordpress.org/?v=2.5.1 en Anything You Can Do…China Takes on US With $2.2 Billion Funding for Electric Cars http://gas2.org/2009/03/25/anything-you-can-dochina-takes-on-us-with-22-billion-funding-for-electric-cars/ http://gas2.org/2009/03/25/anything-you-can-dochina-takes-on-us-with-22-billion-funding-for-electric-cars/#comments Wed, 25 Mar 2009 14:23:00 +0000 Andrew Williams http://gas2.org/2009/03/25/anything-you-can-dochina-takes-on-us-with-22-billion-funding-for-electric-cars/

China has announced plans to take on the US head-to-head in the race to develop low emission vehicles, with a massive $2.2 billion investment in electric cars over the next three years.

The news comes hot on the heels of President Obama’s announcement of a whopping $2.4 billion investment in electric vehicles in the United States.

The Chinese government hopes that the investment will help the country to make 500,000 all-electric and hybrid vehicles a year by 2011 - and encourage organizations like city governments and airport taxi firms to enjoy subsidies of more than $70,000 on fleets of new vehicles.

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]]> http://gas2.org/2009/03/25/anything-you-can-dochina-takes-on-us-with-22-billion-funding-for-electric-cars/feed/ Auto Bailout: The Government Puts GM Through A Stress Test Too http://inspiredeconomist.com/2009/02/18/auto-bailout-the-government-puts-gm-through-a-stress-test-too/ http://inspiredeconomist.com/2009/02/18/auto-bailout-the-government-puts-gm-through-a-stress-test-too/#comments Wed, 18 Feb 2009 00:59:03 +0000 Reenita Malhotra http://inspiredeconomist.com/2009/02/18/auto-bailout-the-government-puts-gm-through-a-stress-test-too/ GM will get its $4 billion loan payment from the government today but the company is nowhere near being off the hook.

Bloomberg reports that GM must also present a progress plan to the U.S. Treasury tomorrow that shows progress in cutting labor, debt and other expenses to prove the automaker can restructure to become viable and repay the loans by the end of 2011. If GM doesn’t show progress, the loan terms allow the government to recall the money or force the automaker into a government-supported bankruptcy.

Now that sounds like a much more reasonable stress test to me than the bank bailout plan. Fair’s fair.  If you can’t survive then it’s reasonable to file for bankruptcy.  But effective nationalization…well that’s neither here nor there!

Image credit: Bloomberg

]]> http://inspiredeconomist.com/2009/02/18/auto-bailout-the-government-puts-gm-through-a-stress-test-too/feed/ Ford Unveils Accelerated Vehicle Electrification Plan, Will Produce Electric Cars by 2010 http://gas2.org/2008/12/02/ford-unveils-accelerated-vehicle-electrification-plan-will-produce-electric-cars-by-2010/ http://gas2.org/2008/12/02/ford-unveils-accelerated-vehicle-electrification-plan-will-produce-electric-cars-by-2010/#comments Tue, 02 Dec 2008 18:11:04 +0000 Andrew Williams http://gas2.org/2008/12/02/ford-unveils-accelerated-vehicle-electrification-plan-will-produce-electric-cars-by-2010/

Ford Motor Company has unveiled radical new plans to start producing electric vehicles from 2010 onwards. The company will deliver an all-electric van for commercial fleet use in 2010, an all-electric sedan in 2011 and a ‘family’ of hybrids, plug-in hybrids and EVs by 2012.

Ford also said in a submission to Congress that full details of its ‘accelerated vehicle electrification plan’ will be announced at next month’s North American International Auto Show in Detroit.

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