Fisker Automotive has hit a rough patch (a rock quarry may be a better way to characterize it, actually). The company has seen excitement about the product crumble recently thanks to the recent, incredibly public failure of the $102,000 Fisker Karma while being prepped for testing by Consumer Reports. This was immediately followed-up with the all-but
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Sec
SEC Loosening of Rule Let Natural Gas Firms Recalculate Reserves, Potential Profits
written by Walter Wang
Natural gas has been widely promoted across the political spectrum as a key to solving U.S. energy problems. “The potential for natural gas is enormous,” President Obama said recently, referencing an estimate that the United States has enough gas to supply the country for more than a century.
Elite electric car manufacturer Tesla Motors has revealed in a revised S1 filing with the SEC that it will cooperate with Toyota on the development of Tesla’s Model S sedan. To grease the deal, Tesla will pay Toyota $42 million for the New United Motor Manufacturing Inc.( NUMMI) auto plant in Fremont, California where the vehicles will likely be produced.
The NUMMI facility, which had been the site of a joint venture between Toyota and General Motors, had closed its doors earlier this year as part of GM’s financial liquidation. Indications are that several thousand laid-off auto workers from the area could be rehired as a result of the agreement.
Clean tech companies hoping to capitalize on the 30% Advanced Energy Manufacturing Tax Credit (48C) for re-quipping, expanding, or establishing a manufacturing facility must submit a preliminary application for Department of Energy (DOE) recommendation by September 16, 2009. The federal government has allocated $2.3 billion for this credit. If the limitation is reached during the first allocation round (2009-2010), then no further credit will be permitted.