No, you’re not imagining things. Both new- and used-vehicle prices are on the rise and American motorists are paying more than ever to purchase cars and trucks. Continue Reading...
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Despite criticism by Republican lawmakers, the Department of Energy loan program designed to encourage alternative vehicles is ready to resume. Continue Reading...
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. Continue Reading...
The U.S. Department of Energy recovered $21 million from Fisker Automotive, the floundering company behind the Karma plug-in hybrid luxury car. Continue Reading...
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. Continue Reading...
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. Continue Reading...
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. Continue Reading...
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. Continue Reading...
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… Continue Reading...