Tesla Motors (TSLA), bolstered by sales of battery packs for electric vehicles, said quarterly revenue more than doubled.
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General Motors is making waves in the green vehicle industry. The company recently announced that they will invest $246 million in producing electric motors and components right here in the United States. General Motors will introduce a Buick crossover sport utility vehicle powered by a plug-in rechargeable system in 2011, a top GM production executive said Thursday. Tesla Motors has confirmed that a powertrain manufacturing facility will be built in the Bay Area, although the exact location is not yet being revealed, said Rachel Konrad, spokeswoman for the San Carlos company. General Motors’ Volt electric car may be too expensive to buy and operate to displace Toyota Motor’s Prius hybrid as the industry benchmark for cutting fuel use and cutting carbon exhaust. |
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