Posted by Mark J. Miller on August 1, 2011 11:00 AM
The solar-powered car is getting closer to reality, but that’s not why General Motors just parceled out $7.5 million to a solar-panel company.
The Detroit Free Press reports that GM Ventures, the venture capital arm of GM, passed along the money to California’s Sunlogics, a manufacturer of solar panels and solar-power generation systems. As a result, Sunlogics will move to Michigan and hire 200 employees.
"Today's commitment by Sunlogics ... fits in perfectly with the overall approach we've taken to try to bring in high-tech companies ... to give us good-quality high-paying jobs," commented Oakland County Executive L. Brooks Patterson to the Free Press.
What GM will get out of the deal are the design and installation of solar-charging canopies that will provide power at Chevy dealerships and GM plants, along with good karma (carma?) for further its green efforts.Continue reading...
Posted by Shirley Brady on July 26, 2011 06:30 PM
Amazon results beat Wall Street estimates as ad-supported Kindle tops e-reader sales.
American Apparel partners with eBay.
Comcast and NBC launch TV's "holy grail" — dynamic VOD advertising.
Dunkin' Brands prices IPO at $19/share for $2.4 billion valuation; but can it grow coffee biz?
Facebook launches new portal to help brands better target their marketing.
FOX narrows window on free streaming of network programming, with Dish Network first to sign on.
Google targets small business ad market, while interest in Hulu raises speculation.
Kraft begins global pitch for Trident.Continue reading...