Detroit News: Battery funds may be in mix

by David Shepardson for the Detroit News Congressional Dems, Obama consider using stimulus bill to finance advanced car research. Congressional Democrats and President-elect Barack Obama are considering allocating money for new advanced vehicles and advanced battery research from an $800 billion stimulus bill expected to pass Congress by next month. Sen. Tom Carper, D-Del., said lawmakers are making a big push for battery research and production in... [Read More...]

Red Herring: Wheego Applying for $15M Loan

by Michael Lee for Red Herring Electric car manufacturer Wheego Electric Cars on Tuesday announced that it has applied for $15 million in low-interest federal loan funds for its electric vehicle, the Wheego Whip. The funds would go toward the construction of two assembly plants and a testing facility. The testing facility is important to development of the Whip. While the Whip can travel up to 60 mph, the vehicle does not yet meet the U.S. Department... [Read More...]