Better Place gets $200 million investment, now valued at $2.25 billion

Filed under: EV/Plug-in, Europe/EU, Better Place

Better Place continues to play the investment alphabet game, with the company’s Series C funding round netting $200 million of new financing from the likes of General Electric Co (not a surprise at all) and UBS. Even though many in the automotive industry are still skeptical of Better Place’s battery [...]

GM investing $325 million at MI plant for electric vehicle component production

Filed under: EV/Plug-in, Hybrid, Manufacturing/Plants, GM

General Motors has announced that it will invest $325 million to support new electric vehicle component production at its plant in Warren, Michigan. Currently, the plant’s 679 employees build transmissions for the Lambda family of crossovers – the Chevrolet Traverse, Buick Enclave and GMC Acadia – as well as the [...]

More than 1 million fuel cell vehicles will be sold by 2020

Filed under: Hydrogen

The fuel cell boom is coming.
According to Pike Research, sales of fuel cell vehicles (FCVs) will break the one-million-unit mark by 2020, with a cumulative 1.2 million vehicles sold globally by the end of that year. All those road-worthy FCVs will generate $16.9 billion in annual revenue by 2020. Yep, that’s billion, with [...]

Bentley’s solid gold sunglasses will cost, make you look like a million bucks

Filed under: Bentley, Design/Style

While you might find some buyers who’ve stretched their finances from the S-Class or Jaguar they were going to buy to afford a Bentley, something tells us most Bentley drivers have got cash to burn. Burn on stuff like dinners at private clubs, plush leather smartphone cases, custom tailored suits and solid [...]

Birdman can’t pay for his new $8 million Maybach Exelero

Filed under: Concept Cars, Coupe, Performance, Maybach, Earnings/Financials, Celebrities

What kind of person would order an $8 million Maybach? The same sort who’d take another Maybach and hack it up with a saw and blowtorch. That’s right, a hip-hop mega star.
Long before Jay-Z and Kanye West shot the music video for “Otis”, Bryan “Birdman” Williams had [...]

Ford recalling 1.1 million F-Series pickups over gas tank straps

Filed under: Truck, Government/Legal, Recalls, Safety, Ford, Lincoln

Back in May of 2011, the National Highway Traffic Safety Administration announced that it was expanding its investigation of 2.7 million Ford F-150 models for corroding gas tank straps. Less than three months later, the recall is on like Donkey Kong, though Bloomberg reports that Ford has announced [...]

Bryan “Birdman” Williams buys Maybach Exelero for $8 million

Filed under: Concept Cars, Coupe, Performance, Maybach, Celebrities

Maybach Exelero – Click above for high-res image gallery

Back in 2008, we reported that the Maybach Exelero was available for custom order for chump change just under $8 million. The original prototype was developed by Daimler’s ultra-high-end division as a high-speed test vehicle for Fulda Tires, and [...]

3 Colorado companies fined $2.5 million for distribution of illegal gas

Filed under: Legislation and Policy, USA

Last week, the Environmental Protection Agency (EPA) and the U.S. Justice Department announced a settlement to resolve claims that Rocky Mountain Pipeline System, LLC, Western Convenience Stores, Inc. and Offen Petroleum, Inc. illegally mixed and distributed more than one million gallons of gasoline. The trio of companies will be required [...]

Toyota recalls 2.17 million more vehicles over possible pedal entrapment

Filed under: Recalls, Lexus, Toyota

Toyota has announced that it’s voluntarily recalling approximately 2.17 million vehicles due to possible pedal entrapment issues. In case you’ve forgotten about Toyota’s massive recall from last year, this new issue affects 2.17 million more vehicles where the driver’s side floor mat can become a potential hazard. Uh oh.
In October of [...]

One million plug-in vehicles by 2015: How reasonable is Obama’s goal?

Filed under: EV/Plug-in, Legislation and Policy, USA

We heard it on the campaign trail and we heard it at President Obama’s recent State of the Union address. The President’s goal is to make the United States to “the first country to have a million electric vehicles on the road by 2015.” The big question, of [...]

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