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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.
 |  Aug 28 2013, 11:32 AM

tesla-manufacturing

Despite criticism by Republican lawmakers, the Department of Energy loan program designed to encourage alternative vehicles is ready to resume.

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 |  May 01 2013, 6:05 PM

fisker-emblem

Fisker is all but wiped from the automotive landscape, and more information about the Energy Departments loan criteria is surfacing in the wake of the failure. 

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 |  Apr 23 2013, 2:20 PM

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The U.S. Department of Energy recovered $21 million from Fisker Automotive, the floundering company behind the Karma plug-in hybrid luxury car.

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 |  Dec 10 2012, 12:31 PM

A year riddled with controversy for electric cars is winding down, but not without at least one more flare up — Chinese firm Wanxiang Group won the bidding war for A123 Systems.

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 |  Nov 08 2012, 6:08 PM

American Suzuki ended its North American car selling operation earlier this week, but that left a crowd of unhappy dealers the company is now trying to pay off.

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 |  Aug 16 2012, 11:47 AM

Unlike exotic EV maker Tesla’s relative success story, Fisker’s has been one riddled with scandal and financial scrambling, the latest of which sings to the tune of $150 million.

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 |  Jun 27 2012, 4:02 PM

Government loans to Fisker are under fire by a pair or Republican senators who disagree with tax dollars going to a company that is owned, in part, by a foreign country.

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 |  Apr 27 2011, 5:33 PM

Chrysler is preparing to pay back $6.6 billion on government loans, but the company will do so not from its own cash but by re-financing existing debt.

Current terms of the government loans have Chrysler paying 12 percent interest per year. While Chrysler would not be out of debt, they would theoretically free themselves from the high interest rates and no longer owe money to both the Canadian and U.S. governments. An official announcement regarding the re-financing is expected later today.

[Source: USA Today]