Bright Automotive(TM) Tells Congress that 'Auto Bailout' Funds Must Also be Used to Enable Innovation by Entrepreneurial Companies - MarketWatch: "ANDERSON, Ind., Dec 09, 2008 /PRNewswire-USNewswire via COMTEX/ -- Reuben Munger, Co-Founder and Chairman of Bright Automotive(TM), today told Congress that small companies are essential to America's leadership in next-generation, fuel efficient vehicles. Testifying before the House Select Committee on Energy Independence and Global Warming, Munger said that Section 136 funds must be available to these highly innovative businesses.
Indiana-based Bright Automotive ( http://www.brightautomotive.com) has developed a price competitive, 100 mile-per-gallon plug-in hybrid electric vehicle. The vehicle is the first to demonstrate that dramatic fuel efficiency gains can be made even with larger vehicles. Bright Automotive is on target to begin mass production of the vehicle in 2012 at an annual rate of 50,000 units."
No comments:
Post a Comment