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Dates: during 2000-2009
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Tesla says it will use the loans to support two specific projects, including the U.S.-based production, engineering and assembly of the Model S, an all-electric family sedan. The Model S assembly plant will employ about 1,000 workers in Southern California. "We're already engineering the Model S, a seven-seater family sedan that will have a base price of $49,900 after a federal tax credit that will [over the longer term] cost the equivalent of a car that retails for $35,000, given the relatively expensive cost of gasoline vs. electricity," says Diarmuid O'Connell, Tesla...

Author: /time Magazine | Title: The U.S. Bets a Billion on New High-Tech Automakers | 10/7/2009 | See Source »

Fisker plans to use $169.3 million from the Advanced Technology Vehicles Manufacturing Loan Program for engineering-integration costs as it works with suppliers to complete the Karma. However, the second stage includes a $359.36 million loan tied to developing and manufacturing a less expensive Fisker hybrid in the U.S., which has been dubbed Project Nina. His new company expects to build between 75,000 to 100,000 of these highly efficient vehicles starting in late 2012; the second-generation Fisker will be a relative bargain, with a price tag around $40,000. (See the 50 worst cars of all time...

Author: /time Magazine | Title: The U.S. Bets a Billion on New High-Tech Automakers | 10/7/2009 | See Source »

...vaccine produced a strong antibody response in 38% of the 55 people who received all five doses. When antibody levels were highest - during weeks 9 through 16 of the trial - these participants used significantly less cocaine (as measured by urine samples taken three times a week) than either the placebo group or those who did not produce sufficient antibodies. Overall, cocaine use was reduced by at least half in 53% of the people who produced a strong antibody response, compared with 23% of those who had a weaker antibody response. That's far from abstinence, although reduction in drug use...

Author: /time Magazine | Title: Cautious Hopes for a Cocaine Vaccine | 10/7/2009 | See Source »

...decision to build this thing cannot be called corrupt in any regular sense," says Sergei Malkov, a city councilor and one of the three members of the St. Petersburg land-use committee to vote against the plan. (Eleven voted in favor and one abstained.) "Gazprom is not the kind of organization that bribes or corrupts people from the bottom. It pushes through its initiatives from the very top," Malkov tells TIME. (Read "Russia-Europe Gas Spat Ends...

Author: /time Magazine | Title: The Battle over a New Skyscraper for St. Petersburg | 10/6/2009 | See Source »

...Alexander Karpov, director of the EKOM Center, says there is no economic reason for Gazprom to mar the cityscape. It could easily house its offices, he says, in a building that follows the city's rules for architectural preservation. The land-use committee's vote last week, which city councilor Malkov calls a "farce," granted the Okhta Center a unique exemption to these rules, approving a design four times taller than is normally permitted. (See pictures of Russia celebrating Victory...

Author: /time Magazine | Title: The Battle over a New Skyscraper for St. Petersburg | 10/6/2009 | See Source »

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