Cars
Everyone wants a piece of the (bailout) pie; even tiny Tesla Motors. The Associate Press reported that the Silicon Valley-based electric car joined Detroit's Big Three automakers in their bid to get a $25 billion government aid. Tesla was said to have applied for about $400 million in no to low-interest loans to fund two projects, details of which weren't revealed. But unfortunately for Tesla, GM, Ford and Chrysler LLC failed spectacularly to make a convincing case for the $25 billion bailout with the Congress telling them to return in December with a viable turnaround plan - click here for more details.
- "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...
- New Study Says That Every Gm Vehicle Sold In The States Costs Taxpayers $12,200 - In Theory...
It's 'bailout talk' time again as a new study that was conducted by Thomas D. Hopkins, a Professor of Economics at Rochester Institute of Technology, for the 362,000-member strong National Taxpayers Union (NTU), finds that the American taxpayer...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- Bush Administration Grants $17.4 Billion Loans To Gm And Chrysler
Detroit's Big-Three automakers may have failed to convince the Congress last week to provide $14 billion in loans, but when there's a will, there's a way. In an unprecedented move, the Bush Administration granted GM and Chrysler LLC $13.4...
- Big Three Bailout: Congress To Give U.s. Automakers $15 Billion In Federal Loans
Faced with the fear that the collapse of one or more of Detroit's Big Three automakers could lead to a domino effect deepening the U.S. economic recession in which half a million people (533,000 to be exact) have already lost their jobs in November,...
Cars
Tesla Wants $400 Million Bailout Loan - Anyone Else?
Everyone wants a piece of the (bailout) pie; even tiny Tesla Motors. The Associate Press reported that the Silicon Valley-based electric car joined Detroit's Big Three automakers in their bid to get a $25 billion government aid. Tesla was said to have applied for about $400 million in no to low-interest loans to fund two projects, details of which weren't revealed. But unfortunately for Tesla, GM, Ford and Chrysler LLC failed spectacularly to make a convincing case for the $25 billion bailout with the Congress telling them to return in December with a viable turnaround plan - click here for more details.And while one could somewhat justify bailing out the Big Three to preserve jobs and help the U.S. economy from falling into a deeper recession, what's the big deal if Tesla goes bankrupt? We're talking about a small company that builds one limited production sportscar -the Roadster- and which might make another one in a few years time - the 4-door sedan Model-S. So what?
Via: TTAC , Source: Mlive / Associated Press
- "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...
- New Study Says That Every Gm Vehicle Sold In The States Costs Taxpayers $12,200 - In Theory...
It's 'bailout talk' time again as a new study that was conducted by Thomas D. Hopkins, a Professor of Economics at Rochester Institute of Technology, for the 362,000-member strong National Taxpayers Union (NTU), finds that the American taxpayer...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- Bush Administration Grants $17.4 Billion Loans To Gm And Chrysler
Detroit's Big-Three automakers may have failed to convince the Congress last week to provide $14 billion in loans, but when there's a will, there's a way. In an unprecedented move, the Bush Administration granted GM and Chrysler LLC $13.4...
- Big Three Bailout: Congress To Give U.s. Automakers $15 Billion In Federal Loans
Faced with the fear that the collapse of one or more of Detroit's Big Three automakers could lead to a domino effect deepening the U.S. economic recession in which half a million people (533,000 to be exact) have already lost their jobs in November,...