The Obama administration is announcing this morning that it’s providing billions to Ford, Nissan and Tesla Motors for the development of hybrid and electric vehicles. Ford will receive the bulk of the $8 billion allotted, which is the first chunk of loan commitments provided as part of the DOE’s Advanced Technology Vehicles Manufacturing program to further the advancement of fuel efficient vehicles in the US. Ford will use the cash to transform factories in Illinois, … Read the rest
Tag Archives: hybrid cars
Advanced Battery (ABAT) Providing Financial Guidance for Wuxi Autocycle
Advanced Battery Technologies (ABAT), which recently acquired Wuxi Autocycle to break into the electric bike biz is providing some financial guidance for Wuxi with 3 year projections. ..
Wuxi currently has 4 production lines in operation with production capability of 100 vehicles per day per line but is currently operating at lower than 20% of total capacity.
For the period of May through December of 2009, the company believes Wuxi will contribute revenue of $35.0 … Read the rest
Popular Mechanics Uses UQM Technologies’ (UQM) Electric Propulsion System To Modify Dodge Challenger
Popular Mechanics selected UQM Technologies ‘ 125 electric propulsion system to power their Eco+Muscle hybrid Dodge Challenger R/T car. The project involved modifying a normal Dodge Challenger to include 2 separate powertrains: a combustion engine for highway use and an electric propulsion system for in-town use.
So, how did UQM’s electric motor perform? According to this story on Alternative Energy News, the mechanics that worked on the project were pleasantly surprised:
… Read the restThe Popular Mechanics article
Johnson Controls (NYSE: JCI) Showcases Re3 Concept Car At 2009 North American International Auto Show, Will Team Up With Ford On Battery
Johnson Controls is showcasing its Re3 concept car at the 2009 North American International Auto Show today. The Re3 is a small car, designed to be both fuel efficient and appealing to consumers. From the company’s press release, here are some of the features of the Re3:
… Read the rest— A plug-in hybrid battery system that allows generous seating for five adults in the vehicle;
— New, class-leading storage capacity in the instrument panel, enabled by the
Borg Warner (BWA) Powers 2009 Green Car Finalists
Borg Warner (BWA) is a key auto parts supplier for hybrid and electric cars and its technologies power all five vehicles in the Green Car Journals top 5 finalists for 2009 Green Car of the Year. Its regulated 2 stage and variable turbine geometry turochargers, pressure sensor glow plugs, Instant Start Systems, DualTronic clutch and control modules and traditional transmission components are a few of the technologies featured in the BMW 335d, Ford Fusion Hybrid, … Read the rest
UQM Technologies (UQM) Reports Wider Loss On Higher Revenues
UQM Technologies (UQM), the developer of parts for electric cars announced results after the bell today posting a loss of .06/share, widening the loss from the year ago quarter by .02. Revenues increased to 2.78 million in the quarter from revenue of 2 million in the year ago quarter, but the company was hurt this quarter on rising expenses.
Said the CFO, “Production engineering expense for the quarter rose 20 percent to $485,369, reflecting a … Read the rest
Borg Warner (BWA) Expects to Benefit Big From Fuel Efficiency Revolution
Borg Warner (BWA) is announcing this morning that they expect $2.1 billion in new business (80% coming from Asia and Europe) over the next 3 years despite a horrendous global auto industry. The company is a key player in the auto fuel efficiency revolution with its gas/diesel turbochargers and dual transmission technology driving the company’s growth.
“While the current economic crisis is expected to slow near-term, global auto sales, climate change and fuel economy remain … Read the rest
Toyota Motors (TM) Gets Sell Rating, Time to Buy?
Toyota Motors (TM) has taken a beating along with the rest of the market over concerns of a crumbling global economy, but with the move to hybrid and electric cars well underway and expected to continue (despite a temporary decline in fuel prices) Toyota will continue to benefit big as a leader in the fuel efficiency revolution.
Is it time to take a look at Toyota as an investment? The stock is now trading about … Read the rest
Toyota (TOYOF) And EDF Energy Test Plug-In Hybrid Vehicles In The UK
Toyota Motor Corp has teamed up with European energy company EDF Energy to begin testing plug-in hybrids on UK public roads. EDF will assist with the tests by building charging ports where drivers can plug in their cars and top off their batteries. Toyota has run several other tests of plug-in hybrids in other countries. Although most tests have involved vehicles using nickel-metal hydride batteries, they are also trying to develop hybrid cars that use … Read the rest
Quantum Fuel Systems (QTWW) Misses On Earnings
Quantum Fuel Systems (QTWW), a leader in the development and production of advanced propulsions systems, energy storage technologies and alternative fuel vehicles reported earnings this morning much lower than what analysts had been expecting.
According to StreetInsider.com, the company reported a loss of .08/share from continuing operations, vs the analyst estimate of a .05/share loss while revenues came in at about half of the expectations at 3.7 million (est. of 7.5 million) vs the … Read the rest