Cars
Tesla Motors has announced that it has repaid the loan provided by the U.S. Energy Department in full, following today’s wire of $451.8 million. The company had also made payments in 2012 and the first quarter of 2013. In a press statement, the EV manufacturer said it is the first and only American car company to date, to have fully repaid the U.S. government.
- Elon Musk Replies To Chrysler: You’re Not American, You Still Owe $1.3 Billion
Tesla Motors CEO Elon Musk is not one to back down from a public dispute. The latest one started with Tesla’s announcement that it had repaid in full its government loan, with the release adding that it is the first American carmaker to do so....
- Tesla Asked Customers To Pay For Cars Early To Help Report Its First-ever Quarterly Profit
Tesla Motors recently announced that it recorded its first-ever quarterly profit, a very important step for the company that took government loans to develop an relatively affordable electric saloon. Whether the Model S is a truly affordable EV is another...
- Fisker Whistleblower Claims Karma Was Rushed Into The Market To Meet Doe Loan Deadlines
It's a time-honored adage: "there's no such thing as bad publicity". However, Henrik Fisker may beg to differ as his company's Karma sedan has been making the headlines for a variety of problems ever since its delayed launch. Now,...
- China's Youngman And Pang Da Say Saab Deal Is Still On
Earlier this week, Saab announced that it was terminating the deal with Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., since their bridge loan that would help the Swedish automaker survive in the short term...
- Chrysler Llc Begins Spending Government Loan With 'thank You America' Print Ad...
American taxpayers will be glad to know that the folks over at cash-strapped Chrysler LLC thank them for the approved government loan of $4 billion that they received to help bridge the current economic crunch. In fact, Chrysler is so thankful that it...
Cars
"Loser" Tesla Repays Government Loan in Full, Nine Years Ahead of Schedule
Tesla Motors has announced that it has repaid the loan provided by the U.S. Energy Department in full, following today’s wire of $451.8 million. The company had also made payments in 2012 and the first quarter of 2013. In a press statement, the EV manufacturer said it is the first and only American car company to date, to have fully repaid the U.S. government.
Tesla added that it repaid the loan nine years ahead of schedule, saving taxpayers at least $12 million on the $465 million lent.
Read more »- Elon Musk Replies To Chrysler: You’re Not American, You Still Owe $1.3 Billion
Tesla Motors CEO Elon Musk is not one to back down from a public dispute. The latest one started with Tesla’s announcement that it had repaid in full its government loan, with the release adding that it is the first American carmaker to do so....
- Tesla Asked Customers To Pay For Cars Early To Help Report Its First-ever Quarterly Profit
Tesla Motors recently announced that it recorded its first-ever quarterly profit, a very important step for the company that took government loans to develop an relatively affordable electric saloon. Whether the Model S is a truly affordable EV is another...
- Fisker Whistleblower Claims Karma Was Rushed Into The Market To Meet Doe Loan Deadlines
It's a time-honored adage: "there's no such thing as bad publicity". However, Henrik Fisker may beg to differ as his company's Karma sedan has been making the headlines for a variety of problems ever since its delayed launch. Now,...
- China's Youngman And Pang Da Say Saab Deal Is Still On
Earlier this week, Saab announced that it was terminating the deal with Chinese companies Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co., since their bridge loan that would help the Swedish automaker survive in the short term...
- Chrysler Llc Begins Spending Government Loan With 'thank You America' Print Ad...
American taxpayers will be glad to know that the folks over at cash-strapped Chrysler LLC thank them for the approved government loan of $4 billion that they received to help bridge the current economic crunch. In fact, Chrysler is so thankful that it...