Despite $700 Million Loan, Rare Plant Hinders Progress of Lithium Facility in Nevada
14 Jan 2023, 11:07 UTC · By: Tim McKenzie / Australian-based ioneer has been granted a conditional loan by the U.S. to fund lithium operations in Nevada if it can protect an endangered plant in the proces
Almost All the Reasons Why the Viral Big Boy Edition Car Payment Video Is Wrong
4 Sep 2022, 20:58 UTC · By: Sebastian Toma / Millions of people have seen the "Big Boy Edition" car payment video. It shows us exactly what is wrong with this world today, and we explain why
Lucid Financial Services Are Here to Allow you to Lease your Air
7 Jun 2022, 18:38 UTC · By: Gustavo Henrique Ruffo / In the future, you will also be able to lease your Gravity thanks to the partnership Lucid has with the Bank of America for financial services
Lack of Money for EV Startups Means Legacy Automakers Are Occupying EV Space
31 May 2022, 13:33 UTC · By: Gustavo Henrique Ruffo / The opportunity window for new electric car companies to emerge is either closing or already shut down. The already established ones will have a hard time.
Things to Consider Before Getting a Car Loan Today, Tomorrow, or Anytime
27 Mar 2022, 20:00 UTC · By: Sebastian Toma / A vehicle is the most expensive thing that many people manage to own in their lives. Do not make it more expensive with a poor loan, so read this first
Renault Survived the Crisis in 2020 Only Thanks to a State Loan
10 Feb 2022, 08:32 UTC · By: Florin Amariei / A severe cash crisis left Renault hanging in the balance. A state loan dubbed previously as a backup plan was actually a lifeline
McLaren "Has Urgent Need to Raise New Money by July 17th"
24 Jun 2020, 11:59 UTC · By: Mircea Panait / If new capital isn't rained by July 17th, McLaren may be forced to file for bankruptcy. This would put a huge dent in Bruce McLaren's and Ron Dennis' legacies
Harley-Davidson Seeking $150 Million Loan, Calls It "Additional Liquidity"
15 Jun 2020, 19:47 UTC · By: Mircea Panait / You know business isn't going great at Harley-Davidson when the company is seeking $150 million in "additional liquidity"
Jaguar Land Rover Is Seeking the British Government's Help to Stay Afloat
25 May 2020, 18:02 UTC · By: Mircea Panait / When trouble hits, Jaguar Land Rover isn't shying away from asking more than a million pounds from the Department for Business, Energy, and Industrial Strategy
DOE May Open Its Funding Program to Auto Suppliers
30 Jan 2014, 14:38 UTC · By: Ciprian Florea / The Obama administration is considering reviving the $25 billion auto loan program by opening funding to auto suppliers, Energy Secretary Ernest Moniz said earlier this week, The Detroit News report...
DOE to Auction Off Fisker’s Loan Obligation
20 Sep 2013, 10:32 UTC · By: Ciprian Florea / The US Department of Energy has announced plans to auction off the remainder of Fisker’s loan debt of $168 million after the EV manufacturer has failed to attract a buyer since halting automob...
Carbon Motors Files for Bankruptcy
20 Jun 2013, 11:12 UTC · By: Ciprian Florea / High-tech Police car manufacturer Carbon Motors is officially belly-up after filing for Chapter 7 liquidation in the US Bankruptcy Court in Indianapolis. With assets of just $18,976 and liabiliti...
Fiat Hunting $10 Billion Loan to Buy Chrysler
31 May 2013, 08:01 UTC · By: Ciprian Florea / Italian giant Fiat is reportedly looking to borrow up to $10 billion to buy the remaining stake of the Chrysler Ground and refinance the debt of both companies. According to The Detroit News, Fia...
GM Delighted with Auto Industry Loan
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Following the White House administration’s announcement issued on Friday that US automakers will receive a $17.4 billion low-interest loan, General Motors Corporation is absolutely delighted w...
Ford Applauses White House Loan Agreement
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though it hasn’t received any money, American carmaker Ford welcomes the White House loan agreement and, just like General Motors, it explains that such a decision does nothing more than ...
UK Officials: Jaguar Must Get Government Money
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Even though Tata Motors has already agreed to inject millions of dollars into its British brand Jaguar Land Rover, the UK-based company continues its race for government aid, with officials very clo...
GM, Chrysler Get First $4 Billion
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / General Motors and Chrysler received the first $4 billion in emergency loans from the United States government from a total of $17.4 billion the Bush administration approved before Christmas. The go...
Pininfarina to Build Electric Cars After Current Contracts Expire
21 Nov 2012, 14:06 UTC · By: Madalina Iancu / The last of the mohicans could carry forward the fame of the breed but what is he going to do when its life is threatened?! If once the answer was fight until death but don't give up your di...
Chery May "Help" Chrysler Go Bankrupt
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Chrysler's race for survival may bite the dust due to an unexpected obstacle: Chery Automobile, the Chinese partner of the American company, may “convince” the United States Senate ...
Bets on Volkswagen AG Killed Broke Billionaire Adolf Merckle
21 Nov 2012, 14:06 UTC · By: Madalina Iancu / Because his business empire was buried in debts, German billionaire Adolf Merckle decided to put an end to all the troubles by killing himself. Although he had an estimated fortune of $9.2 billio...