Posted on May 23rd, 2011 • by Bill Cawthon
Pickups.com is reporting that Chrysler and the U.S. Department of Energy will begin testing the first of 140 Ram 1500 plug-in hybrid electric pickup trucks in the heat of a Yuma, Arizona summer where July high temperatures average more than 107 degrees. The trucks are part of a $100 million joint research project funded by [...]
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Ram PHEV.
Posted on May 17th, 2011 • by Bill Cawthon
Reuters is reporting that Energy Secretary Steven Chu has said he is “hopeful” that Chrysler will be able to qualify for $3.5 billion in government-backed technology loans. The loans would come from a program enacted during the Bush Administration are are intended to promote development and production of more fuel-efficient vehicles. While the secretary was [...]
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Posted on February 15th, 2011 • by Bill Cawthon
U.S. Energy Secretary Steven Chu says Chrysler Group’s application for federal loans to retool plants and build more energy-efficient vehicles is “moving ahead” and will not be affected too much by proposed cuts in the budget proposed by the Obama Administration. A DOE spokeswoman said the Chrysler loan application is still in the due diligence [...]
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Posted on March 22nd, 2010 • by Bill Cawthon
Chrysler Group has been selected for a U.S. Department of Energy (DOE) grant of up to $48 million as part of a $2.4 billion American Recovery and Reinvestment Act DOE Vehicle Electrification program. Chrysler Group is planning to build a total of 140 Ram Plug-in Hybrid Electric Vehicles (PHEVs) for a three-year demonstration project that [...]
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Posted on January 28th, 2010 • by Bill Cawthon
While Chrysler, GM and Ford got millions for low-emission vehicle development, Nissan North America just got a $1.4 billion loan from the U.S. Department of Energy to modify its Smyrna, Tennessee plant to produce its five-passenger LEAF electric vehicle and the batteries to power it. Secretary of Energy Steven Chu announced the loan today. The [...]
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Posted on October 1st, 2008 • by Bill Cawthon
President Bush signed a $630 billion government spending bill on the last day of September. Included in the legislation is the funding for the $25 billion in low-interest loans for the auto industry. The loan program, to be administered by the Department of Energy, is intended to help car companies retool plants to produce a new generation [...]
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