Proton Seeks GBP480 Million Lotus Funding
22 Jan 2011, 16:04 UTC · By: Mihnea Radu / Proton Holdings is in talks with CIMB and several other domestic banks to secure a substantial loan totaling the equivalent of £480 million ($768 million) for the five-year transformation plan...
White House Supports Green Cars Financing
29 Jul 2010, 06:25 UTC · By: Daniel Patrascu / The $4.4 billion funding aimed at supporting the adoption of natural gas-powered and electric vehicles adoption in the US has received the backing of the White House this week, opening the doors for...
Green Cars Become Politic Weapons
20 Jul 2010, 08:13 UTC · By: Daniel Patrascu / It was only a matter of time until green vehicles moved from the automotive world to the realm of politics and that first step was taken in Australia, a country who prepares for federal elections on...
Nissan Sunderland Plant Rolls Out All-New MR Engine
23 Jun 2010, 12:48 UTC · By: Alina Dumitrache / Following a £1.94 million grant from regional development agency One North East, Nissan’s Sunderland Plant has started production of an all-new engine, namely a 2.0 litre petrol unit. D...
Ford Vehicle to Demonstrate New Supercharger Tech
17 May 2010, 10:25 UTC · By: Alina Dumitrache / Automotive supplier Ricardo together with American car manufacturer Ford and CleanTech development company Lontra have set up a partnership to develop a new supercharger technology. Dubbed Blade Sup...
Self-Heating Solar Roadway Prototype Unveiled
22 Mar 2010, 10:02 UTC · By: Alina Dumitrache / The team at Solar Roadways have finally completed their first prototype in February and decided to unveil the revolutionary energy-generating road surface earlier this month. The unveiling came so l...
EU Funds Volvo Competence Enhancement
26 Feb 2010, 17:24 UTC · By: Daniel Patrascu / The European Social Fund (ESF) announced today it has approved 18 million kronor ($2.5 million) to be used by Industrikompetens i vast, a competence center specializing in industrial jobs and involv...
German Government Wants More Opel Money from GM
3 Feb 2010, 09:46 UTC · By: Bogdan Popa / While General Motors goes further with its restructuring plan for Opel, the German government demands the US-based manufacturer to contribute with more money before receiving state loans to fund the...
GM Grants 650M Euros to Fund Opel
18 Jan 2010, 09:29 UTC · By: Bogdan Popa / After announcing its new management team that is supposed to help save Opel, Nick Reilly also confirmed that General Motors will give the German brand 650 million Euros until the company manages to ...
DTNA Gets $40 Million from US DoE
18 Jan 2010, 09:16 UTC · By: Daniel Patrascu / Daimler Trucks North America announced last week it has received a $40 million funding from the US Department of Energy (DoE), through the 21st Century Truck Technology Partnership, to be used for c...
More Funding for Fisker
17 Jan 2010, 14:19 UTC · By: Alina Dumitrache / American carmaker Fisker Automotive recently secured an additional $115.3 million in private equity funding to develop plug-in hybrid cars. This funding is necessary to access a $528.7 million U.S. ...
GMAC to Focus on Auto Business
19 Nov 2009, 15:12 UTC · By: Daniel Patrascu / As soon as Michael A. Carpenter was appointed new chief financial officer for GMAC Financial, the new CEO steeped into the spotlight and said that the company he now leads will keep the automotive b...
Aptera Runs Out of Money, Founders Jump Ship
19 Nov 2009, 11:19 UTC · By: Daniel Patrascu / The over enthusiastic plans American manufacturer Aptera had for its 2e three-wheeled vehicle proved to be just that, as it seems the company has ran out of money and is now forced to scale back ope...
GMAC Wants More US Funding
28 Oct 2009, 13:20 UTC · By: Daniel Patrascu / For the third time in the last year, GMAC Financial Services is looking to secure US funding in an effort to raise its capital. The talks between GMAC and the US Treasury were confirmed by a White H...
Button's Future Depends on Brawn-Mercedes Deal
26 Oct 2009, 11:51 UTC · By: Ovidiu Panzariu / Jenson Button's future at Brackley seems strongly connected with Mercedes' desire to buy into the Brawn GP team in the upcoming couple of years. According to media reports in the UK, the r...
Three-Wheeled Vehicles, Green Light for Funding
17 Oct 2009, 20:59 UTC · By: Daniel Patrascu / The US Congress has passed a new piece of legislation allowing for manufacturers of three-wheeled vehicles to get funding for their projects. The bill is now waiting President’s Obama approval...
What Saturn Needs to Survive
6 Oct 2009, 10:12 UTC · By: Daniel Patrascu / The soon-to-be dead American brand Saturn is not in such a big deep "something" some would like to believe. According to Todd Ingersoll, Saturn Retailer Council member, all the brand would...
Magna, UK Govt to Start Vauxhall Funding Talks
5 Oct 2009, 13:14 UTC · By: Bogdan Popa / The British government representatives will meet with Magna officials this week to discuss the require funding to support Vauxhall. Business Secretary Peter Mandelson said today in Tokyo that the Un...
Aptera 2e May Get US Funding
2 Oct 2009, 15:00 UTC · By: Daniel Patrascu / After the final, production-ready Aptera 2e was previewed thanks to a few leaked photos earlier this week, the three-wheeled fuel-efficient contraption has all the chances of becoming a reality than...
UK Extends Scrappage Scheme
29 Sep 2009, 06:58 UTC · By: Daniel Patrascu / The British governement decided yesterday afternoon to extend the country's scrappage scheme by providing an additional 100 million pounds in funding for the program. According to the estimatio...