The US-Israeli company Better Place, which intends to establish a comprehensive network of stations to replace the batteries of electric attracted $ 350 million venture capital as part of the second phase of funding of its major infrastructure projects. A Better Place concept is in its stations to carry out replacement of already empty battery electric car with a new one within minutes. So cars will be no further need to have a second additional engine to operate on fossil fuels, said yesterday. Better Place will probably need more money to finance its large-scale project, but today’s investment is an important vote of confidence based on the company in 2007. Its management plans to begin work at the end of next year. Then the main trading partner of Better Place in the face of Renault plans to offer the market its first electric car with a removable battery. Nine investors have financed the project Better Place, including HSBC, Morgan Stanley Investment Management and Lazard Asset Management. Under the leadership of that Better Place is one of the largest investment in green technology, made so far. The company, which is estimated of 1,25 billion dollars, is currently building out the first network to replace the batteries of electric cars in Israel.
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Once the pilot of British Airways staff was not allowed by the court to strike during the Christmas-New Year today, it was clear that the danger of rebellion was not away with, says BBC. Unite trade unions which belong almost most of the flight personnel the air-company said it is expected that scheduling a new date to be a ballot on whether to initiate a strike or not. This happens after the airline and the unions failed to resolve the problems raised by the cuts and working conditions. From British Airways said that disappointed by the decision of the union, but not surprised, as they are ready to continue talks. Last year the company has accumulated losses of $ 400 million because of the decline in travel due to the recession gripped the global economy.
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