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Bill Gates, venture capitalist invest $23.5 million in EcoMotors
Mon, 12 Jul 2010EcoMotors International has received $23.5 million from Microsoft Corp. Chairman Bill Gates and investor Vinod Khosla for engineering and testing of its trademarked Opoc engine technology. EcoMotors said in a statement Monday that the investment marks a key advance in commercializing its opposed piston-opposed cylinder engine.
Mini Inspired by Goodwood gets the Rolls-Royce touch for Shanghai auto show
Wed, 13 Apr 2011We scratched our head when Aston Martin took the tiny Toyota iQ and turned it into the Cygnet. Now, Mini has called on its business cousin, Rolls-Royce, to create the Mini Inspired by Goodwood. The car will debut next week at the Shanghai motor show.
Fisker Automotive begins hiring blitz
Wed, 22 Jun 2011Fisker Automotive will hire 120 workers in the coming months to staff the former General Motors factory in Wilmington, Del., that will build Fisker's next plug-in hybrid sedan, due in 2013. Code-named Project Nina, the future car will join the plug-in Karma sedan in Fisker's lineup as the company expands its portfolio of premium hybrid cars. The Karma is launching this year, and production of the future sedan--expected to be priced at about $39,000 after government incentives--would begin late next year.