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In the span of about a month, four start-up car-building companies in the US have encountered serious problems. Fisker laid off 75 percent of its employees, Coda filed for bankruptcy, Carbon Motors pulled out of its Indiana assembly plant and now VPG Autos has ceased its operations. VPG has not ...
Automotive News reports A123 Systems, an electric vehicle battery manufacturer, received a disbursement check from the federal government on the same day the company filed for bankruptcy. On Oct. 16, A123 received $946,830 as the latest portion of a clean energy grant from the US Department of ...
According to the DOE's Energy Information Administration (EIA), crude oil prices are expected to steadily increase over the next two years, hitting $99 per barrel by the end of 2012. Tightening of world oil markets, along with a growth in consumption, will continue to drive oil prices up from the ...