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$465 million loan supercharges Tesla Motors

Jun. 23, 2009
Tesla Motors, the Bay Area's luxury electric carmaker, won $465 million in federal loans today to build two plants in California, as the Obama administration started doling out funds for fuel-efficient vehicles. Tesla joined Ford Motor Co. and Nissan North...
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Automakers given $8B in DOE loans

Automakers given $8B in DOE loans

WASHINGTON, June 23 (UPI) -- The U.S. Department of Energy said Tuesday it had awarded three automakers $8 billion in loans to develop fuel-efficient vehicles.

Government fleet to buy 17,600 U.S. cars

WASHINGTON, April 10 (UPI) -- The Obama administration announced plans to buy 17,600 U.S.-made, fuel-efficient cars for the government fleet, steering help to the ailing auto industry.

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DETROIT, April 3 (UPI) -- Struggling General Motors Corp. is asking the government for a $2.6 billion loan to develop three new alternative vehicles, sources told the Detroit Free Press.

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LONDON, Dec. 25 (UPI) -- The manufacturer of the Tesla electric car says the vehicle did not run out of a charge during a race on the British TV series, "Top Gear."

Tesla Motors to build plant in California

SAN JOSE, Calif., Sept. 17 (UPI) -- Green-tech car company Tesla Motors Inc. said Wednesday it would construct a $250 million plant in San Jose, Calif., to build zero-emission luxury sedans.

Conductor found for super supermagnet

EVANSTON, Ill., Feb. 12 (UPI) -- A U.S. research team says it has made a discovery that might allow creation of the most powerful superconducting magnet in the world.

GM to focus on plug-in hybrid vehicles

LOS ANGELES, Nov. 29 (UPI) -- General Motors Corp. intends to make a plug-in hybrid that will have double the fuel efficiency of any current U.S. sports utility vehicle.

World-record magnet tested in Florida

TALLAHASSEE, Fla., Dec. 14 (UPI) -- The Tallahassee, Fla.-based National High Magnetic Field Laboratory is ending the year by completing development and testing of a world-record magnet.

Mitsubishi Motors gets another aid package

TOKYO, Jan. 28 (UPI) -- Japanese carmaker Mitsubishi Motors said Friday it will get $5.2 billion in loans and investments from affiliates to get back on its feet. It will be the ailing company's second bailout plan in nine months.

General Motors extends no-interest deals

DETROIT, Nov. 13 (UPI) --
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Memorial Day Ceremonies on the Intrepid Sea Air & Space Museum in New York
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American Military Service members and Veterans hold a 100 foot wide U.S. Flag for Memorial Day ceremonies at the Intrepid Sea Air & Space Museum in New York City on May 28, 2012. UPI/John Angelillo