GM, Chrysler Insist They Are Proceeding With Green Plans Despite Product Delays

By Scott Doggett and John O'Dell
During weeks leading up to today's bailout decision, Detroit's automakers insisted that short of a complete collapse they were continuing with their major green initiatives because they finally understand that increased fuel efficiency, clean emissions and sustainability are critical to their long-term survival.
However, General Motors and Chrysler — both of [...]

Bush signs $17.4 billion auto industry bailout package

The on-again, off-again saga of the auto industry rescue package has finally come to a (temporary) end: President Bush this morning signed an agreement securing $17.4 billion in loans for General Motors and Chrysler LLC. The funds will tap an unused portion of the Troubled Asset Relief Program (TARP) funds used to bailout Wall Street.
Speaking [...]

GM Delays Construction of Chevy Volt Engine Plant, Says Hybrid Still on Schedule

Financially strapped General Motors Corp. has quietly deferred construction of the Flint engine plant it announced with great fanfare earlier this year as the home of the new four-cylinder engines it would be using in the upcoming Chevrolet Volt plug-in hybrid.
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GM's new 1.4-liter engine is displayed at vacant lot slated to [...]

GM delays construction of Volt, Cruze engine plant

As Washington waffles on the auto industry bailout, General Motors has decided to put construction work on hold at the Flint, Michigan engine plant where the 1.4L turbocharged and naturally aspirated engines that will power the Chevrolet Cruze and extend the range of the Volt plug-in hybrid will be built. If the company gets the [...]

Investors in Ener1 Run the Risk of a Shock With Their Electric-Vehicle Dreams

Just look at Ener1, the Manhattan-based developer of lithium-ion batteries, wrote David Reilly in today's Wall Street Journal (subscription required).
The company isn't yet profitable and sales this year have yet to break the million mark. Yet Ener1 sports a roughly 0 million market value and is among only a [...]

EV Startup Think, Denied Bailout by Norwegian Gov’t, Says It Likely Won’t Survive

The Norwegian government today denied electric-car startup Think financial aid it had requested, possibly dooming the Norwegian EV company that once belonged to Ford Motor Co.
The denial was reported by dagbladet.no and translated to English for our edification by translation-guide.com.
Oddly, the news comes only [...]

Bush says $15 billion TARP alternative not ready yet

In a stunning development, the Bush administration released a statement late Friday stating that it was strongly considering using some of the money set aside for the 0 billion financial system bailout to help prop up America’s ailing automotive industry. Despite working through the weekend, however, President Bush this morning revealed that the plan wasn’t [...]

Senate rejects auto industry bailout plan

The U.S. Senate rejected an emergency bill to provide billions of dollars of aid to the Detroit 3 carmakers late on Thursday, dashing the hopes of General Motors and Chrysler, both of which may run out of cash by the end of the year.
“We have not been able to get this over the finish line,” [...]

Bush administration considering $15 billion in TARP funds for auto industry

In a stunning development, the Bush administration released a statement late Friday stating that it was strongly considering using some of the money set aside for the 0 billion financial system bailout to help prop up America’s ailing automotive industry.
Following the rejection of the auto industry bailout bill by the Senate, the onus has once [...]

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