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Here is the latest Green Car news for Tuesday, May 25th:
- Fuel Cell Vehicle JV Under Debate Between Daimler and Toyota: FT Deutschland have reported that Daimler and Toyota are discussing a joint development of fuel cells for electric vehicles. ‘There is strong interest in sharing development costs’ via a joint venture, a source close to Daimler told the Financial Times Deutschland. It would be the first major cooperative project for the two groups, the newspaper added. Daimler has already invested more than one billion euros (S$1.75 billion) in fuel cell technology since 1994, two years after Toyota began exploring it.
- Fuel cell developer Trenergi Corp. has raised more than half of a seed round of $1 million in debt, according to a regulatory filing and the company’s president. The Hopkinton-based company, now about a year old, is aiming to develop fuel cells that would generate electricity for residences while producing heat and hot water as a free byproduct. The technology is intended to save an average of approximately 28 percent of energy cost, said company president Charles Myers.
- The Chevy Volt is being spotted on the streets of Metro-Detroit gearing up for its official launch.
- Ford is investing $135 million to bring battery pack and hybrid vehicle transmission production to metro Detroit. The work is currently done in Mexico and Japan.
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