Alternative Energy

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Bosch will sell or close its money-losing solar energy unit

March 25, 2013 12:54 CET
Bosch said it will sell or shut down its money-losing solar energy operations. The supplier has lost 2.4 billion euros ($3.10 billion) since it created the solar energy unit in 2008.... Read More »

 

Obama taps insider as EPA chief; MIT professor to lead Energy Dept.

10:21 am U.S. ET | March 4, 2013
President Barack Obama today announced his nominees to lead a new federal push to tackle climate change, choosing an air quality expert to run the Environmental Protection Agency and a nuclear physicist to head the Department of Energy. Obama selected EPA veteran Gina McCarthy, 57, to replace Lisa Jackson as EPA administrator and MIT scientist Ernest Moniz, 68, to take over for Steven Chu as Energy secretary.... Read More »

 

BMW taps wind power to guard profits

Feb. 19, 2013 09:04 CET
BMW will harness winds whipping across eastern Germany to secure power -- and defend profits -- as costs rise due to Germany's 550 billion-euro ($740 billion) shift away from nuclear energy. A clean-energy surcharge could add 254 million euros to the combined power bills of auto manufacturers and parts suppliers in Germany.... Read More »

 

DuPont opens automotive Innovation Center near Detroit

2:49 pm U.S. ET | Oct. 19, 2012
Supplier DuPont has opened an r&d operation in suburban Detroit aimed at boosting collaboration between its automotive customers and its 9,500 researchers around the world.... Read More »

 

Auto bailout, energy hot topics in presidential debate

11:32 pm U.S. ET | Oct. 16, 2012
President Barack Obama and Republican challenger Mitt Romney for several months have been separately discussing the benefits and liabilities of the auto bailout, but on Tuesday night they got to argue about it face-to-face.... Read More »

 

Tesla creating 100-station EV fast-charging network in U.S.

6:26 am U.S. ET | Sept. 25, 2012
Tesla Motors is creating a network of 100 solar-powered fast-charging stations for its electric vehicles nationwide by the end of 2015. The chargers will be able to deliver three hours of highway driving range with a 30-minute charge.... Read More »

 

Troubled U.S. battery makers recharge with overseas investors

12:55 pm U.S. ET | Aug. 10, 2012
The U.S. car battery industry, a once-high flying sector buttressed by generous federal grants but struggling with a green car market that has fallen far short of expectations, is turning to overseas saviors.... Read More »

 

Energy Department grants to promote green vehicles made despite conflicts, report says

1:04 pm U.S. ET | July 26, 2012
A U.S. Energy Department program designed to promote use of alternative fuels for vehicles gave out about $5 million in grants to individuals with conflicts of interest, the agency's inspector general said.... Read More »

 

Chinese-led consortium completes deal to buy Saab, reports say

June 7, 2012 13:06 CET
A Chinese-controlled consortium has completed a deal to buy the assets of bankrupt Swedish carmaker Saab, media reports said. National Electric Vehicle Sweden will pay 1.5 billion to 1.8 billion kronor ($210 million to $250 million) for Saab, excluding spare parts company Saab Automobile Parts, according to reports in Sweden.... Read More »