May 2011

Fisker raises another $100 million as production begins

(May 15, 2011) LOS ANGELES — Fisker Automotive, a maker of luxury plug-in hybrid sports cars, is raising an additional $100 million as the startup company prepares to deliver its first production vehicles to retail customers.

Fisker disclosed the additional funds last week in a filing with the U.S. Securities and Exchange Commission, without identifying the investors. The company, based in Irvine, Calif., completed a $190 million financing round in March.

Prius V is still on track for fall delivery in U.S.

(May 15, 2011) TORRANCE, Calif. — Following Toyota’s announcement in Japanon  Friday that delivery of the Prius alpha will be delayed, Toyota Motor Sales, U.S.A. announced that the Prius V is still on track for delivery to U.S. customers this fall.

Delay of the Japan-market Prius alpha is due to the ongoing effects of the March 11 earthquake and tsunami.

Continental Tire announces $224 million investment, addition of 444 jobs

(May 14, 2011) MOUNT VERNON, Ill. (PRNewswire) — Increasing demand for Continental and General brand passenger and light truck tires in North and South America is the driving force behind a $224 million investment announced this week by Continental Tire the Americas. 

Ford employees volunteer services for variety of projects

(May 14, 2011) DEARBORN, Mich. — More than 650 Ford volunteers have fanned out into local communities this weekend for a Ford Accelerated Action Day dedicated to creating a better world.

MODEL Teams of Ford employee and retiree volunteers are on the job in parks, nature preserves and community centers. The Ford volunteers are building rain runoff and collection systems, improving shorelines, planting trees and flowers, and digging vegetable gardens.

Hyundai commits $10 million for children's cancer research

(May 14, 2011) FOUNTAIN VALLEY, Calif. — Hyundai Motor America and its nonprofit organization, Hyundai Hope on Wheels, this past week announced a $10 million gift — the largest corporate gift in Children's Hospital of Orange County (CHOC) history.

GM named automotive innovation leader

(May 14, 2011) DETROIT – The U.S. Patent Board has ranked General Motors as the No. 1 innovator of 182 companies in its quarterly automotive and transportation industry scorecard.

The organization analyzes intellectual property performance across 17 industries and determines the leader in each sector based on measurements that include the number of patents, impact on the industry, and technology and science strength.

Modified Lexus CT 200h hybrid set to take on the Nürburgring

(May 13, 2011) The legendary Nürburgring will host the racing debut of Lexus’s full hybrid CT on Saturday when the luxury hatchback lines up on the starting grid for a grueling endurance race.

Primed by Gazoo Racing, the motorsport specialists responsible for the racing Lexus LFA, the CT is competing in the Adenauer ADAC Rundstrecken-Trophy, contested over six hours on one of racing’s most daunting circuits. Almost 200 cars are expected to line up for the start.

Ford, Georgia Tech partner on 'Green Eco School Bus'

(May 13, 2011) ATLANTA — The Ford Motor Company Fund and Georgia Tech are partnering on the nation’s first conversion of a traditional school bus to a hydraulic hybrid vehicle that runs on recycled biofuel. Atlanta Public Schools donated the bus for the project.

Singer Lenny Kravitz featured in Jeep ads

(May 13, 2011) The Jeep brand today announced that four-time Grammy award winning singer-song writer Lenny Kravitz, will be featured in a national broadcast advertising campaign for the 2011 Jeep Wrangler which will include a new track, "Rock Star City Life," from his ninth studio album, "Black and White America."

Volkswagen breaks ground on $25 million lab in Oxnard

(May 13, 2011) Volkswagen Group of America has broken ground on a $25 million, 63,000 square-foot laboratory in Oxnard, Calif., that will house auto emissions testing and powertrain development for Volkswagen, Audi, Lamborghini, Bentley and Bugatti cars, replacing the automaker's existing facility in Westlake Village.