WASHINGTON (September 16, 2010) – The X PRIZE Foundation, an educational nonprofit prize organization, and Progressive Insurance, the country’s fourth largest auto insurance group, today, at the Historical Society of Washington, D.C., awarded $10 million to three teams who successfully completed the rigorous Progressive Insurance Automotive X PRIZE. The winning teams—Edison2 of Lynchburg, Virginia; X-Tracer of Winterthur,...

LIVONIA, Mich., Sept. 13, 2010 (GLOBE NEWSWIRE) – A123 Systems (Nasdaq:AONE), a developer and manufacturer of advanced Nanophosphate™lithium ion batteries and systems, today announced the grand opening of the largest lithium ion automotive battery production facility in North America, based on available data. The new plant in Livonia, Mich. is expected to expand A123′s manufacturing capabilities by up to 600MW hours per year...

PALO ALTO, Calif. — Tesla Motors has purchased the former NUMMI factory in Fremont, California, where it will build the Model S sedan and future Tesla vehicles. As recently as April of 2010, the NUMMI factory was used by Toyota to produce the Corolla and Tacoma vehicles using the industry-leading Toyota production system. It is one of the largest, most advanced and cleanest automotive production plants in the world. It is capable of...

PALO ALTO, CA. – Tesla Motors, Inc. today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its common stock. Tesla Motors designs, manufactures and sells high-performance fully electric vehicles and advanced electric vehicle powertrain components. The number of shares to be offered and the price range for the offering have not yet been...

ECOstrive – Green is more than just a color, today it has come to represent environmentally friendly technology. With so much talk of reducing emissions and lowering our dependence on foreign oil, it is hard to figure out which new automotive technology is the best. There are alternatives available now that can help us reduce our pollution and dependence on oil. This article will attempt to review the available technologies and help...