Volta Truck's Latest Funding Round Brought the Company an Additional $257 Million
24 Feb 2022, 11:17 UTC · By: Cristina Mircea / Volta Trucks raised $257M in its latest funding round, getting them closer to achieving their goal of putting their Volta Zero electric truck on the market
DroneDek Mailbox of the Future Lands Another $50M in Funding, Will Soon Enter Production
26 Nov 2021, 16:01 UTC · By: Cristina Mircea / Deliveries are changing and so are our mailboxes. DroneDek is the ultimate mailbox, a smart receptacle packed with sensors and high-tech features
Tesla Gets $40 Million Helping Hand
21 Nov 2012, 14:06 UTC · By: Dragos Rusu / A friend in need is a friend indeed goes a saying and Tesla finds out for itself just how important friends are in a market economy and during an economic crisis. On paper, the Tesla Roadster was a ...
EU: No State Funds to Save Opel Factories
9 Feb 2010, 09:26 UTC · By: Bogdan Popa / Since General Motors has already confirmed its decision to close the Antwerp plant and rumors are claiming that other facilities might have the same fate, countries hosting Opel plants are willing t...
Investment Funds Sue Porsche over $1 Billion
26 Jan 2010, 10:04 UTC · By: Daniel Patrascu / Although former Porsche executives Wendelin Wiedeking and Holger Haerter have been somewhat cleared of the market manipulation accusations, a group of investment funds decided to pursue legal action...
GM Still Far from German Money
17 Nov 2009, 08:48 UTC · By: Bogdan Popa / General Motors is now struggling to raise the needed money to start restructuring Opel but the company is far from getting support from Germany, whose officials felt outraged with its decision to ke...
Germany Might Reject GM's State Aid Request
12 Nov 2009, 09:29 UTC · By: Bogdan Popa / General Motors, who's now planning to convince the German government and other officials across Europe to support the Opel restructuring process, might face serious problems trying to do this, ...
Germany Approves $4.5Bn Euro Loan for Magna
12 Oct 2009, 09:09 UTC · By: Bogdan Popa / A government panel agreed with the 4.5 billion euro ($6.6 billion) state loan guarantee to be provided to Magna International, with no objections from officials from the chancellery, economy and fin...
Fisker Automotive Gets $528,7M Loan
23 Sep 2009, 07:00 UTC · By: Alina Dumitrache / Building affordable, fuel-efficient plug-in hybrid electric cars AND creating at least 5,000 US jobs... That is what Fisker Automotive is meant to do with the $528,7M conditional loan that it receiv...
Koenigsegg Raises Money for Saab Acquisition
3 Sep 2009, 07:58 UTC · By: Bogdan Popa / Swedish sports carmaker Koenigsegg is raising funds to complete the Saab acquisition from General Motors, a move that is expected to occur as soon as next week. Swedish newspaper Dagens Industri ye...
German Scrappage Out of Funds by September 10
28 Aug 2009, 09:28 UTC · By: Daniel Patrascu / Sad news for the German automotive industry, as the Centre for Automotive Research in Duisburg-Essen reported the 5 billion euro fund keeping the country's scrappage incentive is running ...
GM to Get Remaining $20 Billion Loan This Year
7 Jul 2009, 09:30 UTC · By: Bogdan Popa / As it gets ready for a new start and emerge from bankruptcy as a clean company, General Motors received yet another good news: the company will receive the final $20 billion in US funding this year,...