Cars
U.S. President Barack Obama had the chance to get behind the wheel -but not on the road- of the new Chevy Volt during a visit today at the Compact Power battery plant in Holland, Michigan. The new plant, which is being built by a U.S. unit of South Korea's LG Chem with help from a $151.4-million federal grant, will manufacture batteries for the Volt, which goes on sale late this year, as well as for the new electric Ford Focus. The company estimates that it will hire more than 300 full-time Michigan workers when at scale.
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- Ford To Launch C-max Full-hybrid And Plug-in Electric In Europe In 2013
Ford said today that it plans to launch full-hybrid and a plug-in electric derivatives of its new C-MAX five-seat minivan in Europe in 2013. The Detroit automaker said that both hybrid variants of the C-MAX will be built at the company's Valencia...
- Gm To Invest $336 Million In Detroit-area Plant To Build Chevrolet Volt
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Cars
Obama Speaks at New Battery Plant, Tries Out Chevy Volt Driver's Seat
U.S. President Barack Obama had the chance to get behind the wheel -but not on the road- of the new Chevy Volt during a visit today at the Compact Power battery plant in Holland, Michigan. The new plant, which is being built by a U.S. unit of South Korea's LG Chem with help from a $151.4-million federal grant, will manufacture batteries for the Volt, which goes on sale late this year, as well as for the new electric Ford Focus. The company estimates that it will hire more than 300 full-time Michigan workers when at scale.
Speaking at the groundbreaking ceremony, Obama said he expects that manufacturing advances will drive down costs of fully-eclectic and hybrid vehicles over the next few years.
"Because of advances in the manufacture of these batteries, their costs are expected to come down by nearly 70 percent in the next few years," the President said. "That's going to make electric and hybrid cars and trucks more affordable for more Americans. And that not only means more jobs but it also means we're going to be less dependent on foreign oil." Follow the jump for the full transcript of Obama's speech at the battery plant.
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- Obama Proposes Higher Incentives For Alternative Fuel Car And Truck Buyers
The current U.S. administration is committed to reducing car and truck fuel consumption and emissions. It has already managed to make major manufacturers agree on its 54.5 mpg Corporate Average Fuel Economy (CAFE) 2025 target. Yet President Barack Obama...
- Obama Campaign Airs 'made In America' Ad Touting Auto Bailout
If you have been following the news in the U.S. these past few weeks, you will have no doubt noticed that all Republican presidential candidates have attacked the Obama administration for the way it handled the auto industry bailout. Now it's time...
- President Obama's Ideal Car For His Oldest Daughter Includes A Boy Ejector
Seems like increasing the average mpg and reducing CO2 emissions for car manufacturers isn’t the only thing US President Barack Obama is occupied with when it comes to automobiles. The president is also worried about the car that his oldest daughter,...
- Ford To Launch C-max Full-hybrid And Plug-in Electric In Europe In 2013
Ford said today that it plans to launch full-hybrid and a plug-in electric derivatives of its new C-MAX five-seat minivan in Europe in 2013. The Detroit automaker said that both hybrid variants of the C-MAX will be built at the company's Valencia...
- Gm To Invest $336 Million In Detroit-area Plant To Build Chevrolet Volt
General Motors is planning to invest $336 million in its Detroit-Hamtramck factory to produce the new Chevrolet Volt electric car next year, bringing the combined Volt-related investments in eight different facilities in Michigan to a total of $700 million....