By Andrew Williams •
July 29, 2009
Santa Monica, California-based EV start-up Coda Automotive has raised a cool $24 Million to support the development and 2010 California market entry of its all-electric sedan and funding of its battery manufacturing joint venture.
The funds came after a successful bid under the Series B Investment Round, backed by a team including former U.S. Treasury Secretary Henry M. Paulson, Jr. & Farallon Capital Founder Thomas F. Steyer.
In a press release Kevin Czinger, president and CEO, Coda Automotive said, “Coda’s ability to raise capital under challenging market conditions and the caliber of our investors attest to the strength of our business model (video) and the opportunity that exists in the electric car and battery sectors.”
By Lisa Wojnovich •
June 24, 2009
Three more car companies received sizeable loans from the federal government yesterday, but don’t worry; it’s not another bailout. In fact, the$8 billion is just the start of a larger $25 billion project called the Advanced Technology Vehicles Manufacturing Loan Program (ATVM for short) that was thought up back in 2007 and funded by Congress in late 2008 during the Bush administration. The project, overseen by the Department of Energy, is a federal grant and loan initiative bent on providing [...]
By Alex Felsinger •
March 26, 2009
California Governor Arnold Schwarzenegger has owned a Tesla Roadster for almost a year now, and while he has publicly praised the electric car manufacturer’s work, he’s not a fan of the car itself and has been looking to get his money back.
The news, disclosed by the tech gossip blog Gawker, seems to have been kept under wraps by both the governor and Tesla Motors. However, it’s unclear what exactly is delaying the transaction from happening.
By Jo Borras •
February 13, 2009
During press interviews on Wednesday, Tesla spokeswoman Rachel Conrad repeated that the Model S was NOT vaporware, and hinted that a teaser shot might be on the way.
So, keeping good to her word, the official teaser pic is here - and while it doesn’t give away much, I have more than enough for some wild speculation. Thoughts and comments after the jump.
2009 Jetta TDI Clean Diesel Sedan
VW announced the pricing of the 2009 Jetta and SportWagen yesterday, along with a new fuel economy certification from the third-party certifier AMCI. It seems that VW wasn’t particularly impressed with the EPA’s 29 mpg city / 40 mpg hwy estimation, and wanted a second opinion.
There has been some general confusion circulating about fuel economy estimates for the new Jetta (which will be available in August) ever since VW’s Director of Powertrain Development announced the car could get up to 60 mpg.
