The California Energy Commission has approved three awards that "leverage $15.4 million in state funding with $49.6 million in federal stimulus money and $49.3 million in private funds" to kick start the infrastructure to support electric cars in urban areas across the state.
Not just electric, but also ethanol. The third grant from the commission, worth $4 million, will go toward building 75 filling stations.
Meanwhile, the markets are abuzz in anticipation of Tesla's IPO. It would be the first initial public offering by a U.S. automaker in a half-century.
In "traditional" car news, Chrysler plans to lay off 108 workers in Fontana in late July as it pulls out of a joint parts-distribution operation there with Mercedes-Benz. The joint venture dates back to the 1998 merger. The quiet divorce that followed in 2007 has taken awhile to implement.
Mercedes will outsource its parts distribution operations in Fontana to Ceva Logistics, run by Apollo Management, a private equity firm outta New York City. Chrysler plans to consolidate its parts distribution work in Ontario. Contact us with your recommendations for authentic Mexican food in Ontario! Or Fontana...