Solyndra begins building second solar plant using $535M federal loanSeptember 4th, 2009 Solyndra begins building second solar plantFREMONT, Calif. — Solyndra Inc.
Energy Dept. to give loan guarantee to Calif. solar company in city hit by auto plant closingSeptember 3rd, 2009 California solar company to get federal backingWASHINGTON — A California company that makes solar panels will receive a $535 million federal loan guarantee, allowing it to complete the first phase of a new manufacturing plant in Fremont. The expansion is expected to create up to 3,000 construction jobs and 1,000 long-term jobs.
Government agrees to delay final review of loan guarantee application for Ohio uranium plantAugust 5th, 2009 More time given to developer of Ohio uranium plantPIKETON, Ohio — A week after saying it wouldn't guarantee a loan for the project, the Obama administration is now offering more time to a company planning a uranium enrichment plant in southern Ohio. The Department of Energy said Tuesday it will hold off a final review of the application from Bethesda, Md.-based USEC (YOO'-sehk) Inc.
USEC suspends work on Ohio uranium plant after the Dept. of Energy denies loan guaranteeJuly 28th, 2009 USEC denied loan guarantee to finish uranium plantBETHESDA, Md. — USEC says the Department of Energy has denied its application for a $2 billion loan guarantee to complete the construction of an Ohio uranium enrichment plant.
US govt. denies loan guarantee for Ohio uranium plant, says cleanup will create new jobsJuly 28th, 2009 DOE denies loan guarantee for Ohio uranium plantCINCINNATI — Department of Energy officials will not guarantee a loan to a company that had been developing a uranium enrichment plant project in southern Ohio, saying Tuesday that the facility has promise but they don't believe it's ready to move forward. Energy Department officials said in a conference call it asked USEC Inc.
Company says it suspends work on Ohio uranium plant because US govt. denied loan guaranteeJuly 28th, 2009 Company suspends work on Ohio uranium plantCOLUMBUS, Ohio — A company said Tuesday it is suspending construction on a uranium enrichment plant in southern Ohio because the federal government would not grant a $2 billion loan guarantee. In a statement, USEC Inc.
Truck maker Volvo posts $718 million loss in second quarter, says markets stabilizingJuly 21st, 2009 Volvo posts $718 million loss on falling salesSTOCKHOLM — Swedish truck maker AB Volvo on Tuesday reported its third consecutive quarterly loss as sales plunged by one-third amid weak demand in the April-June period. Volvo posted a net loss of 5.56 billion kronor ($718 million) in the second quarter, compared with a profit of 5.1 billion kronor in the same period last year.
Carmaker Volvo to expand footprint across IndiaJuly 21st, 2009 HYDERABAD - Volvo Car India, the Indian arm of Swedish car major Volvo Car Corp, is upbeat about the Indian luxury car market and is gearing up to expand its footprint across the country. Volvo, which entered the Indian market in 2007, is planning to introduce new models in India from its global line-up, but is looking for right partners in big cities.
Mass. company gets $43 million loan guarantee from US for flywheel energy storage in NYJuly 3rd, 2009 Mass. firm gets loan for NY energy storage systemTYNGSBORO, Mass. — A Massachusetts company says the federal government has approved a $43 million loan guarantee to help finance a 20-megawatt energy storage system for New York's electrical grid.
Norwegian fertilizers group Yara halts Belgian plant after explosion injures 2June 29th, 2009 Norway's Yara shuts down Belgian plantOSLO — Fertilizers group Yara International ASA announced Monday that it was shutting down its plant in Belgium after an explosion injured two employees and caused serious damage to the facility. Yara spokesman Asle Skredderberget said the plant suffered "substantial" damage in the blast, which occurred Saturday, and that the company has sent a team to investigate.
China to loan regional group including Russia, Central Asia $10 billion to help economiesJune 16th, 2009 Hu: China to loan regional group $10 billionYEKATERINBURG, Russia — Chinese leader Hu Jintao says China will extend a $10 billion loan to a regional group that also includes Russia and four Central Asian states. The move adds muscle to China's role in the Shanghai Cooperation Organization, which it dominates along with Russia.
AP source: Chinese auto company considering bid for Ford's Volvo unitJune 11th, 2009 AP source: Chinese auto company looking at VolvoDETROIT — A person briefed on the matter said Wednesday that a Chinese automaker is considering buying Ford Motor Co.'s Volvo unit. The person said Beijing Automotive Industry Holding Co.
EU regulators approve loan guarantees for VolvoJune 5th, 2009 EU approves loans to VolvoBRUSSELS — The European Union has approved loan guarantees to Ford Motor Co.'s Volvo unit to help it build cleaner cars. The European Commission says Volvo is planning to use euro500 million ($708 million) from the European Investment Bank for its euro1.9 billion ($2.7 billion) project to develop more fuel-efficient low-emissions vehicles.
TATA's Jaguar Land-Rover to get 270 m pound European bank loanApril 6th, 2009 LONDON - The TATA-owned struggling motor group Jaguar Land-Rover looks to set to receive a European bailout package of 270 million pounds to safeguard as many as 14,500 jobs in the UK. JLR has been one of the victims of a 22 per cent drop in UK car sales over the last year.
Volvo India takes up rigorous cost cutting measuresMarch 12th, 2009 BANGALORE - As growth slows down, Volvo India, the Indian arm of Sweden-based heavy bus and coach manufacturer, has resorted to rigorous cost cutting measures. "Recession has affected everyone and Volvo buses is no different.
Loading ...