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Filed under: Hybrids/Alternative , Government/Legal , Green , Chrysler , Ford , GM , Earnings/Financials Click above for more shots of the Ford Escape PHEV In what seems like a convenient answer to Mark Fields' request just yesterday for government assistance for the development of plug-in hybrids, the Department of Energy has just announced that it will be granting up to $30 million for just this type of vehicle. Not that thirty-mill is a small sum or anything, but that amount of money will be spread rather thin, being divided across three separate projects from three different manufacturers. Ford is one of them, while General Motors will receive funding for battery development and Chrysler, in partnership with General Electric, will also get some love. The end-goal of this funding is a plug-in hybrid vehicle that is capable of traveling 40 miles on electric power alone. The DOE hopes that these specifications can be cost-effective by the year 2014 with vehicles on the road around...
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Filed under: Green , Chrysler , Earnings/Financials Detroit's sharp intake of breath over the very real possibility of increased federal fuel economy standards apparently doesn't include Chrysler's voice. CEO Robert Nardelli has told The Car Connection that rather than waste lots of time and energy opposing the likely increase to a 35 mpg fleet average, Chrysler will put its head down and get it done. Attaining the goal will not be without pain, however. Cuts will be made, and the books are still in the red. There is hope, though, if Chrysler and parent Cerberus Capital can stick it out. A new contract with the UAW eases some of the automaker's financial burden, allowing that money to be plowed into development of more fuel efficient vehicles. There's a new two-mode hybrid system, co-developed with Daimler, GM, and BMW, which should help lift the fleet average without Chrysler abandoning their bread and butter moneymakers. With a lineup heavy in less-frugal vehicles...
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