Renewable Energy

Tesla chief expects electric car company profit in 2020

DETROIT (AP) — The head of electric car maker Tesla Motors says the company should turn a profit in five years after it brings a lower-cost car to market.

CEO Elon Musk, speaking Tuesday at an automotive conference, said Tesla needs to show a profit, and will when it's selling 500,000 cars per year. He predicted that sales milestone will be reached in 2020, when its lower-cost car — the Model 3 — is in full production.

Official unveiling for Honda FCV in Detroit

Source: 
Los Angeles Times

As expected, Honda has unveiled its FCV concept car at the auto show in Detroit, pledging to start selling the hydrogen fuel cell-powered vehicle in the U.S. next year, the Los Angeles Times reports.

Chapter 11 filing for U.S. unit of China’s Suntech

Source: 
Bloomberg

Suntech America Inc., the U.S. unit of Chinese solar panel maker Suntech Power, followed its parent in seeking bankruptcy protection Monday, listing more than $100 million in assets and in debts in Chapter 11 filings in court in Delaware, Bloomberg reports.

Local Motors brings a 3-D printed car to Detroit auto show

DETROIT (AP) — A 3-D printed car could be in your driveway sooner than you think.

Phoenix-based Local Motors plans to sell a 3-D printed car called the Strati later this year. It's a two-seat neighborhood car that can go up to 25 miles per hour.

Prospect of Chinese cars in US still remain years away

DETROIT (AP) — Another Chinese automaker is showing vehicles this year at the auto show in Detroit, raising the perennial question about when these companies might sell in the United States.

The answer: Years from now, according to carmakers and industry observers alike.

GM's new electric could upstage Tesla _ and its own Volt

DETROIT (AP) — With the introduction of an affordable electric car that can go 200 miles on a single charge, General Motors sets up a showdown with Tesla to sell an electric vehicle to the masses. It may also upstage a car of its own.

GM on Monday unveiled the Chevrolet Bolt, a $30,000 concept car that will probably go on sale in about two years. The range will make it attractive to many buyers who would not consider a fully electric car for fear of running out of juice. The rollout of the orange compact hatchback eclipsed GM's unveiling of a revamped Chevy Volt at the Detroit auto show.

Big solar panel factory in India to be built by SunEdison, Adani

Source: 
The Wall Street Journal

SunEdison plans to join forces with Adani Group to build India’s biggest solar panel factory at a cost of $4 billion, the companies announced Sunday, The Wall Street Journal reports.

No deviation expected from Tesla’s Musk

Source: 
The Wall Street Journal

Elon Musk – due to speak at the auto show in Detroit this week for the first time in two years -- does not anticipate changing his plans for Tesla Motors despite increased competition from other players in the industry, The Wall Street Journal reports.

GM plans affordable 200-mile electric car in 2017

DETROIT (AP) — General Motors plans to start selling an affordable electric car in 2017 that will be able to go 200 miles on a single charge.

A person briefed on the matter told The Associated Press that GM plans to start selling a $30,000 battery powered family car called the Chevrolet Bolt sometime in 2017.

More spent on clean energy in 2014

Source: 
Bloomberg

Investment in clean energy increased 16 percent to $310 billion in 2014, rising for the first time in three years, in part because of Chinese commitment, more plans for offshore wind and more money put into electric vehicles, Bloomberg reports, citing statistics from Bloomberg New Energy Finance.

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