GM plans half its cars on ethanol by 2012: report
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General Motors Corp  is planning for half its cars in the United States to be running on ethanol by 2012, the Associated Press reported.
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GREENER VEHICLES: The Senate passed a trimmed-back energy bill Thursday that would bring higher-gas mileage cars and SUVs into showrooms in the coming decade and fill their tanks with ethanol.
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The government awarded $385 million in grants last week aimed at jumpstarting ethanol production from nontraditional sources like wood chips, switchgrass and citrus peels. What's surprising is that half of the six projects chosen will use a process first discovered almost a century ago to turn coal into a gas.
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The Energy Department said it would invest up to $385 million in six bio-refinery projects that would produce a type of ethanol made from nonfood crops and agricultural waste.
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General Motors and DaimlerChrysler have announced plans to join forces to develop a new generation of hybrid-powered vehicles, underlining the potential for environmentally friendly cars which use much less fuel.
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Demand for ethanol has been a boon for corn farmers and small production plants, but DuPont wants to bring in a billion bucks from improving ethanol efficiency. Plus: Car buyers still vote  SUVs most popular. In Autopia.
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The U.S. government's top energy  forecaster said on Wednesday that fuel ethanol production in a  decade will fall short of what President George W. Bush says is  needed to help cut America's oil imports.
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General Motors Corp  told analysts on Thursday that it expected to cut annual U.S. labor costs by $5 billion and increase its revenues in all regions during 2008.
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Nissan Motor Co. (7201.T) outlined plans  on Monday to launch its own hybrid, bio-ethanol and other  "green" cars as it seeks to dash its image as an environmental  laggard behind Toyota Motor Corp. (7203.T) and Honda Motor Co.  (7267.T).
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Even as some states are mandating ethanol as part of the fuel mix, new research suggests that some biofuels are less ecofriendly than they seem.
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GM teams with a startup aiming to produce low-cost biofuels.
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General Motors Corp. said on Thursday it expects to significantly improve operating results, including earnings and cash flow, over the next two-to-three years.
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NEW YORK -- America is drunk on ethanol. Farmers in the Midwest are sending billions of bushels of corn to refineries that turn it into billions of gallons of fuel.
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Stung by criticism that it conspired to kill the electric car, General Motors Corp.  is preparing to detail its commitment to new fuel-saving technologies, including new electric vehicles, according to people familiar with the automaker's plans.
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Stung by criticism that it  conspired to kill the electric car, General Motors Corp.   is preparing to detail its commitment to new fuel-saving  technologies, including new electric vehicles, according to  people familiar with the automaker's plans.
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The top executive at General Motors  Corp  said on Sunday that the woes of the U.S. economy  were a concern to the automaker, but predicted that the second  half of 2008 would be better than the first half.
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America is drunk on ethanol. Farmers in the Midwest are sending billions of bushels of corn to refineries that turn it into billions of gallons of fuel. Automakers in Detroit have already built millions of cars, trucks and SUVs that can run on it, and are committed to making millions more. In Washington, politicians have approved generous subsidies for companies that make ethanol.