Entries from May 2009

Tuesday, May 26th, 2009

Chrylser seeks money from DOE for EV development

News was released today that Chrysler has submitted up to three proposals for two Department of Energy initiatives, The Transportation Electrification Initiative and Electric Drive Vehicle Battery and Component Manufacturing Initiative, the total proposed would be $448 million.  The proposal is a 50/50 cost sharing that would mean Chrysler will fork over $224 million and [...]

Tuesday, May 19th, 2009

Daimler shocks with its Tesla investment!

The German automaker Daimler, which once owned Chrysler as recently as 2007, has bought into American electric car company Tesla.  Diamler purchased 10% of Tesla on Tuesday.  The investment is said to be in the area of “double-digit million dollar sum” says one report.   I should have seen this coming, because Tesla was showing [...]