Ener1, Owner Of Lithium Cell Firm, To Emerge From Bankruptcy

Green Car Reports 1,204 Views
Ener1, the company that owns lithium-ion cell maker EnerDel, will emerge from Chapter 11 bankruptcy in the next two weeks, according to a recent statement by the company. The firm had sought bankruptcy protection in January, but said it would not go out of business. Its recovery comes after an internal restructuring o...Read more

Bright's Future Extinguished As Green Startup Shuts Its Doors

Car Newser 235 Views
Bright Automotive, one of several electric vehicle startups to emerge in the US over the past few years, announced it will shut down operations after just four years of activity.  The cause of the impending closure was blamed on its inability to secure a $314,000,000 federal loan considered essential to maintain o...Read more

GM to Halt Volt Production

Car Newser 183 Views
The Detroit Free Press reports that General Motors will temporarily halt production of the Chevrolet Volt at the company's Detroit assembly plant.   The halt will last from March 19th through April 23rd and is intended, in the words of company spokesman Chris Lee, to "align production with demand." The Chevrolet ...Read more

Lamborghini SUV in Development?

Car Newser 64 Views
An Audi senior manager suggests that Lamborghini will build a sport-utility vehicle as its third model line, Automotive News reports. Lamborghini, a fellow VW subsidiary to Audi, is supposed to show a concept later this year.  No word on the design theme has emerged. This won't be Lamborghini's first SUV. The fir...Read more

Future Dodge Dart SRT4 Pegged at 300 Horsepower

Car Newser 166 Views
The Dodge Dart SRT4 sedan is scheduled to be released for 2014—or so says Motor Trend.  The '14 SRT4 would pick up where the earlier Neon and Caliber editions left off in the 2000s and compete head-to-head with the likes of Ford's upcoming Focus ST and Chevrolet's expected Cruze SS.  MT's article is m...Read more