Coulomb Technologies on Wednesday unveiled its first three electric and plug-in hybrid vehicle charging stations in San Francisco, beating rival electric car charging startup Better Place to the punch in a second Bay Area city.
Coulomb’s three charging stations will be used in a two-year pilot project to charge San Francisco city vehicles and vehicles of car share organizations ZipCar and City CarShare, Mayor Gavin Newsom said at a press event in front of City Hall.
Coulomb raised $3.75 million last month to support its plan to install up to 40 charging devices around major California highways in the first quarter of 2009 (see Coulomb Bags $3.75M for Electric-Car Charging). It...
Can you spare another $21.6 billion?
General Motors and Chrysler collectively requested that amount in federal aid Tuesday as they filed their progress reports to Congress. Congress has provided $17.4 billion in loans to both companies since last December, along with a list of requirements to ensure that money would be well spent on rescuing the two firms. Lawmakers gave the companies until March 31 to show they can turn around their operations and make money, or else they would lose the loans.
Both companies said Tuesday that the car market isn’t getting better, and they are likely to need more loans to survive.
GM, which has received $13.4 billion in loans so far, said it...