Daimler Gets Funding for Hybrid Buses
25 Aug 2009, 14:29 UTC · By: Daniel Patrascu / German manufacturer Daimler announced today it was included in the Electric Mobility Model Regions development program set up by the German Ministry of Transport, Building and Urban Affairs (BMVBS)....
SsangYong to Sell 32,000 Vehicles in 2009
20 Aug 2009, 14:49 UTC · By: Daniel Patrascu / Troubled Korean manufacturer SsangYong hasn't given up plans to continue production and sales of its vehicles, despite the bankruptcy it is going through and the recent civil war it had to face...
South Korean Government Aids Ssangyong in Finding Investors
11 Aug 2009, 15:08 UTC · By: Alexandru Radu Chis / After the recent strike that spanned 77 days, the South Korean car maker resumed production today. Ssangyong is still in a difficult financial situation and tries to find investors as soon as possib...
Tata Managed to Secure Private Funding for JLR
11 Aug 2009, 10:01 UTC · By: Alexandru Radu Chis / To the "delight" of the British government, Indian car maker Tata Motors announced it has managed to gather private sector funding for the Jaguar Land Rover (JLR). This private funding is ...
Toyota Says No to US Government Funds
10 Aug 2009, 18:00 UTC · By: Bogdan Popa / Japanese manufacturer Toyota says it doesn't need support from the United States government to build electric vehicles or batteries in the country. The reason? The company doesn't intend t...
NADA Pleased with CARS Refuel
7 Aug 2009, 07:50 UTC · By: Daniel Patrascu / The National Automobile Dealers Association (NADA) is pleased with the passing of the additional $2 billion in funding for the Car Allowance Rebate System (CARS). The new funding, estimated to keep ...
Saved: CARS Lives On
7 Aug 2009, 06:39 UTC · By: Daniel Patrascu / After a very uneasy week, the US Senate approved the $2 billion extension for the Car Allowance Rebate System (CARS), until now in danger of being discontinued due to the lack of funds. The new fund...
CARS Additional Funding Support Grows
4 Aug 2009, 08:08 UTC · By: Daniel Patrascu / Despite the wave of criticism these past few days, the support for the $2 billion boost for the Car Allowance Rebate System appears to be growing. Yesterday, the White House stepped up the pressure ...
US to Support CARS Until Senate Acts
3 Aug 2009, 07:24 UTC · By: Daniel Patrascu / The fears dealers have raised regarding the lack of funds for the Car Allowance Rebate System (CARS) to run successfully have been addressed on Sunday by US Transportation Secretary Ray LaHood, who ...
Former GM CEO Wagoner Departs with $8.6 Million
15 Jul 2009, 08:51 UTC · By: Alexandru Radu Chis / Before being removed from the position of CEO by the new White House GM restructuring plan (a move which we can't accept he didn't 'foresee') Rick Wagoner appointed Bob Lutz as V...
Toyota to Receive UK Funding
24 Jun 2009, 09:32 UTC · By: Daniel Patrascu / Japanese manufacturer Toyota joins the ranks of manufacturers to receive R&D money to be used in the development or implementation of alternative fueled vehicles. UK's Technology Strategy B...
Nissan Confirms First US Electric Car by 2010
24 Jun 2009, 09:18 UTC · By: Bogdan Popa / Following the $1.6 billion loan received from the United States Department of Energy, Nissan once again confirmed its plans to launch electric cars in the country, emphasizing that the funding packa...
£25m Electric Car Scheme Launched in the UK
23 Jun 2009, 07:42 UTC · By: Bogdan Popa / Governments across the world are still keen on helping local automakers to concentrate their efforts on electric and hybrid cars, so new incentives, tax breaks or new schemes tend to become a common...
Fisker Automotive Gets $85M for Financing Karma
7 Apr 2009, 08:45 UTC · By: Daniel Patrascu / Fisker Automotive, a Fisker Coachbuild and Quantum Technologies joint venture established in 2007, announced yesterday it has reached agreements to receive an additional $85 million funding for the ...
Kia Gets $305 Million Loan, Sales Are Going Up
3 Apr 2009, 13:31 UTC · By: Bogdan Popa / Kia Motors America today announced that it received a $305 million funding package from a group of banking institutions. Wells Fargo Foothill, part of Wells Fargo & Company, is the leading lende...
France Willing to Give Heuliez 10mn Euros in State Funds
24 Mar 2009, 15:05 UTC · By: Bogdan Popa / France continues its plan to push domestic automakers towards green cars and, after approving a 3 billion euro funding package for local companies, it is now willing to direct an additional 10 milli...
GM Daewoo Demands Money from the Korean Government
20 Feb 2009, 13:15 UTC · By: Bogdan Popa / GM Daewoo is again calling for financial aid from the state authorities but this time it may really get the money, according to the company's vice president Jay Cooney. According to Autonews, a...
Spain to Provide 4 Billion Euros to Struggling Automakers
13 Feb 2009, 17:07 UTC · By: Bogdan Popa / Similar to various countries around the world, the Spanish government today agreed to provide 4 billion euros ($5.1 billion) to local automakers that may require financial aid following the massive ...