Chrysler scraps EV program, forsaking bailout promises
When Chrysler accepted its more than $12.5 billion in government bailout funds to stave off bankruptcy, it promised to produce more fuel efficient vehicles and rush its electric models to market by 2011. Now, almost three years later, the company has launched zero hybrid cars and has canceled plans to develop electric vehicles under the Chrysler brand.
The decision — a major reversal in attitude and strategy — came from Fiat, which received a 20 percent… Continue Reading
Obama turns to California for new emissions standards
President Barack Obama is getting ready to announce new, stringent vehicle-emission standards for the whole U.S. Combining California’s tough policies with Transportation Department recommendations, he will call for a 30 percent increase in car and truck fuel efficiency by 2016 — an announcement that will probably go out tomorrow.
If properly implemented, this measure would establish the standard that all cars and light trucks need to get 35 miles per gallon mileage within the next seven… Continue Reading
Roundup: IT budgets dying on the vine, Chrysler’s electric cars, a cure for the bees, and more
Datamonitor points to IT budget freeze — Major sector analyst Datamonitor says that half of IT organizations around the globe will cap spending levels next year.
Chrysler to roll out electric cars — Car maker Chrysler will unveil a line of electric cars to its dealers next week, according to the Wall Street Journal. The large car company has not previously shown off any electric vehicles.
Bee well — Remember when some researchers were blaming mobile phone signals for colony… Continue Reading