The saga of Wiesmann dates back to the late 1980s when a pair of German brothers set out to make retro sports cars. The first model was built in 1993 and a steady stream of new coupes and convertibles powered by a variety of BMW engines trickled out of the factory ever since until the company ran into trouble a little over a year ago. Since then Wiesmann has meandered in and out of bankruptcy, but now the founding siblings are reportedly on the verge of securing new funding to get their company
We're feeling warm and fuzzy about the Nutmeg State after Connecticut leaders said it would earmark $200,000 for the purpose of getting more businesses to install electric-vehicle charging stations. The Connecticut Departments of Energy and Environmental Protection are behind the initiative, which is part of Governor Dannel Malloy's broader energy strategy. State leaders and the Department of Energy's eGallon rating say that recharging an EV in the state costs the equivalent of paying about $1.7
General Motors has no issues with the idea of better roads for Michigan, but when it comes to a special plug-in vehicle tax enacted to help pay for those repairs, the automaker is crying foul, Automotive News says.
China-based GSR Ventures led a $125-million investment round for Massachusetts firm Boston-Power, a startup that designs and manufacturers application-specific lithium-ion batteries, mainly for automotive applications. To date, Boston-Power has raised some $320 million since its founding in 2005. Boston-Power says it now plans to shift its focus to activities in China and will use the money to build a manufacturing facility there by the end of 2012.
Republican leaders in the House of Representatives reportedly want to cut in half the balance of a U.S. government fund, the Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) Loan Program, that was set aside to help the automotive industry develop more fuel efficient vehicles.
Few platforms have served as well as Aston Martin's VH architecture. The flexible platform has underpinned everything the automaker has produced (save the bespoke One-77) since 2003, but it's growing a little long in the tooth. Little wonder, then, that Aston is pursuing a new platform, and the company has now confirmed it has obtained the funding to get there.
On Tuesday, the House Appropriations Committee approved the FY12 Homeland Security Appropriations bill (pdf). As part of this bill, the Committee pushed through an amendment that adds $1 billion in funding for the Federal Emergency Management Agency's (FEMA) disaster relief fund.
SoCalTech is reporting that Aptera Motors has filed information regarding new funding coming in to the company. According to the report, Aptera has raised an additional $9.8 million to help produce its lightweight Aptera 2e vehicle. Six investors have reportedly chosen to put their funds behind Aptera in the latest round of financial support for the company. The company has not released an official announcement regarding the new funding and the names of the investors have not been disclosed at t