Posts Tagged ‘michigan’
EcoMotors gets $23.5M push from Bill Gates, Khosla Ventures
A 2-year-old Michigan startup, EcoMotors International, has obtained a financial vote of confidence from two high-profile investors for a fuel-efficient engine that it’s developing.
More:
Detroit Diesel example of magic formula’
A new cylinder-head assembly line was officially welcomed Friday to Redford and Michigan as a $194 million investment that will save 1,900 jobs and set a pattern for industry-union-government partnerships that Gov. Jennifer Granholm said could begin the re-industrialization of the United States.
Excerpt from:
(AFX UK Focus) 2010-06-18 16:18 Daimler to invest $194 mln in U.S. engine plant
FRANKFURT, June 18 (Reuters) – Daimler said it will invest $194 million to expand production capacity at its U.S. plant in Redford, Michigan in response to rising demand for fuel-efficient diesel engines. That figure includes $56.8 million of incentives from the Michigan Economic Growth Authority, the German carmaker said on Friday. Daimler said it will spend a large part of the investment on …
See more here:
Altavilla poised to take top Fiat post (Detroit Free Press)
Fiat’s Alfredo Altavilla spends at least as much time in Michigan as in Italy these days, darting off to a factory outside Detroit to oversee progress in building the engine that’s vital to making the Chrysler partnership run.
Read more:
Sen. Gilbert sponsors diesel tax hike (The County Press)
BY EMILY LAWLER CAPITAL NEWS SERVICE LANSING — Michigan may levy a higher tax on trucks because they’re the biggest things on the road. The Senate Transportation Committee has voted to raise the diesel fuel tax by 26 percent, from 15 to 19 cents per gallon. read more
Link: