General Motors
Despite selling a record number of Chevy Volts in August, General Motors is losing money on its plug-in electric hybrid, and a lot of money at that.
General Motors (NYSE: GM), the world’s second largest auto-manufacturer has made a $6 million investment in Proterra, a company that makes electric buses.
Students from Virginia Tech University are the overall winners of the 2011 EcoCAR: The NeXt Challenge. Sponsored by General Motors and the U.S Department of Energy, students from North America competed in E
General Motors (NYSE:GM) announced that construction has begun on a new electric motor plant located in Baltimore, Maryland.
The U.S. Department of Energy (DOE) is working on making fuel for vehicles from water, wind, and sun. This idea isn’t as pie-in-the-sky as it first sounds.
Government agencies, universities and private companies have joined the effort to make hydrogen fueled vehicles a reality in Hawaii by 2015.
In the continuing electric vehicle race, car rental giant Hertz Corporation (NYSE:HTZ) has set itself up to be the first United States rental company to offer EVs as part of its rental program.
Mercedes-Benz (ETR: DAI) recently announced that they will deploy 70 fuel cell vehicles onto California roads by 2012. The B-class Mercedes-Benz vehicles are designed to have a 270-mile driving range on one tank of hydrogen and take less than five minutes to refuel.
General Motors continues to change its corporate image so it better represents the future of the auto industry: sustainability, efficiency, and environmental consciousness.
