Latest Industry Victim, Azure Dynamics, a Ford Partner, Looks for a Buyer By MIKE RAMSEY
The Wall Street Journal
http://online.wsj.com/article/SB10001424052702303816504577307672196301122.html
Big 3 Are Winners In $175 Million DOE Grants
By Danny King August 15, 2011General Motors, Chrysler and Ford were among the three-dozen entities that received a combined $175 million in U.S. Department of Energy (DOE) grants to be used to further develop technology aimed at boosting light-duty vehicle fuel economy by more than 75 percent over the next 14 years. Electric-motor maker UQM technologies, electric-drive powertrain maker Azure Dynamics, lithium-ion battery maker A123 Systems and tire makers Cooper and Goodyear also received DOE funding, which, combined with private sources will pay for more than $300 million in projects. The largest single grant - $26.4 million - was awarded to Phoenix-based Electric Transportation Engineering Corp. (eTec), for a test of early production light- and heavy-duty vehicles using a variety of propulsion systems and fuels. The company is owned by electric-vehicle charging infrastructure developer ECOtality. In 2009, ECOtality was awarded a $99.8 million DOE grant for its ongoing EV Project that involves deploying about 14,000 EV chargers across 18 metropolitan areas.
No comments:
Post a Comment