Mexican Media Brands
Obama Proposes Advanced-Vehicle Fund
In last night's State of the Union speech, President Barack Obama proposed an Energy Security Trust to support R&D for vehicles that run on biofuels, electricity or natural gas.
#labor
Share
In last night's State of the Union speech, President Barack Obama proposed an Energy Security Trust to support R&D for vehicles that run on biofuels, electricity or natural gas.
He provided few details but said revenue from oil and gas drilling would fund the trust. He said one project might be to study materials that could boost the power of batteries used in electric vehicles and hybrids.
It isn't clear if the proposed program would replace the one financed by the Dept. of Energy, which has been criticized for bankrolling startup companies that later failed.
RELATED CONTENT
-
GM, PSA Execs Rush to Build Support for Opel Sale
Top executives from General Motors Co. and PSA Group are scrambling to build support among alarmed European government and labor leaders for a plan to integrate GM’s Opel unit with PSA.
-
GM Offers Buyouts to 18,000 Salaried Workers
General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.
-
Marchionne Cancels Trip to Paris Auto Show
Fiat Chrysler Automobiles CEO Sergio Marchionne has cancelled a planned appearance at the Paris auto show on Thursday.