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The U.S. Department of Energy is hoping $20 million will help kick start the country’s hydrogen infrastructure.
Demand for aluminum in automotive production is at an all-time high, and the U.S. government is looking to assist.
The U.S. Department of Energy and the EPA have released a new online tool to print your own window sticker showing off your vehicle’s fuel economy figures.
AM General has agreed to purchase VPG Autos the maker of the MV-1. The what? By who? Allow us to explain.
William Santana Li, chairman of Indiana based Carbon Motors Corp; the company that’s been pushing forward plans to develop a next generation police cruiser, was understandably not impressed at the Department of Energy’s decision to not grant the company a loan to develop the vehicle, named E7.
“We are outraged by the actions of the DOE and it is clear that this was a political decision in a highly charged, election-year environment,” Santana Li declared.
According to a statement released by Carbon Motors, the company has been in regular contact with the DOE and didn’t receive any word that its application under the Advanced Technology Manufacturing Program had been withdrawn.
The program, originally instigated under the Bush Administration, provides $25 billion in funding to the auto industry to promote the development of fuel efficient vehicles to lessen the country’s dependence on oil from overseas.
In a statement to Automotive News, a spokesman for the DOE Damien LaVera, said, ”over the last two and a half years, the department has worked with Carbon Motors to try to negotiate a deal that supported their business while protecting the taxpayers,” and went on to say, “while we were not able to come to an agreement on terms that would protect the taxpayers, we continue to believe that Carbon Motors is an innovative company with an interesting project and we wish them luck.”
Carbon Motors says it already has orders for some 500 E7s and in 2010 entered to a deal with BMW to supply some 240,000 3.0-liter engines for the cars. With no money coming from the Feds, the company stated it is now pursuing other options to raise capital for the project.
Source: [Auto News]
Fisker Automotive, the company that beat both General Motors and Toyota to market with a plug-in hybrid, has been awarded a $527 million loan from the U.S. Department of Energy to develop affordable plug-in hybrids.
The majority of the loan will go towards building a new generation of plug-in hybrid electric vehicles (PHEVs) that will cost $39,900 after tax credits. The remainder will go towards final development of the Karma PHEV. The Karma uses a technology similar to the Chevy Volt, but is considerably more powerful, allowing the 403hp luxury car to hit 62 mph in six seconds while getting 67 mpg. It can drive on pure electric power for up to 50 miles, with a total extended range of 300 miles.
The loan is part of the Department of Energy’s $25 billion Advanced Technologies Vehicle Manufacturing Loan Program.
Fisker is calling its new initiative Project NINA, after the ship belonging to Christopher Columbus, symbolizing a move from an old word to a new world.
“This conditional loan represents a significant step in America’s future,” said Henrik Fisker, CEO. “With it Fisker Automotive can rapidly develop affordable clean cars that satisfy our passion for driving and help restore the U.S. as an auto industry leader.”
Fisker says the project will create or save at least 5,000 jobs among U.S. auto suppliers and in manufacturing the hybrids.
Automaker reveals infrastructure plans for electric car recharging stations
Before sales of Nissan’s new electric car go full-tilt in the U.S., the Japanese automaker will start with 5,000 units in five different markets. The targeted areas include the Phoenix-Tucson region of Arizona, Oregon, San Diego, Seattle and Tennessee.
Nissan’s product planning boss Mark Perry says that this is just the first step in a larger plan.“This is not a test to determine whether or not it’s going to work. This is the beginning of mass marketing,” he said.
Full retail sales are planned for 2012, but Perry says they will begin sooner if a market has the infrastructure ready to support the vehicles. Nissan also plans to offer the LEAF for fleet sales in 2010.
An infrastructure network of 12,500 recharging stations will be built throughout the five markets by Phoenix-based Electric Transportation Engineering Corp., which has received a $99.8 million grant from the U.S. Department of Energy. An additional $199.6 million necessary to built the infrastructure will come from the individual cities and states.
Owners of the first 5,000 cars will be able to purchase the at Nissan dealers but will have to sign on to allow Nissan to monitor the car’s performance over the first two years. Nissan says it wants to see how electric vehicle recharging habits play out in the real world. Owners will also be “chosen” by Nissan as the automaker wants to make sure the information it obtains is relevant. “We don’t want these first cars going to somebody who commutes 150 miles a day or who lives a great distance from a recharging station,” he said.
As for the price, Nissan hasn’t release specifics but did say that it would be comparable to a fully-loaded compact car.
[Source: Automotive News]