Global auto sales, 2008: 5.5 million
Market cap: $23.6 billion
The only carmaker of the Big Three to avoid bankruptcy, Ford still lost nearly $15 billion last year. Promising to bring plug-in hybrids to showrooms in 2012, the company has also turned to Magna International to help it build an electric version of its popular Focus.
Company: General Motors
Global auto sales, 2008: 8.4 million
Market cap: N/A
Recently emerged from a bankruptcy reorganization, GM hopes its much-anticipated electric Volt, scheduled to reach customers in 2011, will help rehabilitate its image.
Company: A123 Systems
Market cap: $1.86 billion
Although it lost out to South Korean battery maker LG Chem in its bid to charge up the Chevy Volt, A123 recently struck a deal with Chrysler to provide the batteries for its ENVI line of electric vehicles, the first of which is expected to hit the market next year. A $250 million stimulus grant and a $378 million IPO signaled support from both the federal government and Wall Street.
Global auto sales, 2008: 9.0 million
Market cap: $128.9 billion
The largest automaker in the world recently unveiled the third generation of its Prius hybrid. The company also announced that it plans to bring an all-electric vehicle to market by 2013.
Company: BYD Auto
Global auto sales, 2008: 170,000
Market cap: $19.9 billion
Last year, Warren Buffett bought a stake in this Chinese carmaker, which sprung from a manufacturer of cell-phone batteries. The BYD F3DM, introduced in 2008, was the first mass-produced plug-in hybrid to hit the market.
Company: LG Chem
Market cap: $13.7 billion
With subsidiary Compact Power, this South Korean battery maker won the contract to provide power for the forthcoming Chevy Volt. The company plans to invest more than $800 million in a plant to manufacture batteries for electric vehicles.
Company: Johnson Controls
Market cap: $15.1 billion
Grabbing $300 million of the $2 billion in grants that the stimulus bill set aside for manufacturing advanced batteries, Johnson Controls is building a new facility in Holland, MI, to make lithium-ion batteries for hybrid and all-electric vehicles.
Market cap: $80.9 billion
The German engineering giant designs and builds mass-transit systems around the world. The new Sapsan high-speed train that it developed for Russia will be a competitor for planned U.S. high-speed links.
Global auto sales, 2008: 2.1 million
Market cap: $50.7 billion
Having ended its ill-fated marriage with Chrysler two years ago, Daimler can now focus on its Mercedes-Benz and Smart car lines. The company says it expects to commercialize a hydrogen-powered car by 2015.
Company: General Electric
Market cap: $176.2 billion
GE’s transportation division provides $10 billion in revenues and nearly $1 billion in profits. The company has just unveiled what it claims is the most fuel-efficient rail locomotive, and it recently announced it would build a facility to manufacture batteries for hybrid locomotives.
Become an Insider to get the story behind the story — and before anyone else.
California’s plan to integrate the West Coast grid is a great idea—that could easily backfire
The state leading the clean-energy charge could wind up importing coal power from Wyoming.
An advanced civilization could resist the accelerating expansion of the universe
And Earth-bound astronomers should be able to tell if someone is out there doing it, a physicist says.
We still have no idea how to eliminate more than a quarter of energy emissions
Air travel, shipping, and manufacturing are huge sources of carbon that we lack good options for addressing.