Cars
In 2007, the federal government created the Advanced Technology Vehicle Manufacturing initiative to help automakers and suppliers develop alternative technologies.
- Chrysler Group Repays Us And Canadian Government Loans In Full
The Chrysler Group announced the repay of U.S. and Canadian government loans totaling $7.6 billion (€5.39 billion), more than six years ahead of schedule. More specifically, the Detroit automaker made a payment of $5.9 billion to the U.S. Treasury...
- Ford Gets $5.9 Billion Gov. Tech Loans, Says Electric Focus Will Arrive In 2011, Plug-in Hybrid By 2012
The U.S. Department of Energy announced today that Ford has been approved for a $5.9 billion government loan to develop fuel-saving technologies that will reduce the nation's dependency on foreign oil. Ford, which is the only American automaker not...
- Chrysler Reveals Electric Minivan For Postal Service, Asks Gov. Money To Create Demo Fleet...
Those 'jolly old' folks down at Chrysler never cease to amuse us with their government loan tactics. Today, Chrysler LLC showed off four all-electric Town & Country minivan concepts to the U.S. Postal Service (USPS) as part of the USPS Earth...
- 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,...
- Gm Pulls The Plug Early On Used-car Incentive Program
A GM spokesman confirmed earlier rumors today that the company will indeed scrap a financing incentive used-car program earlier than planned because of "a lack of credit funding" - that means no money in plain English. The General had informed its dealers...
Cars
U.S. Senators Criticize DOE of Mishandling “Green†Federal Loans
In 2007, the federal government created the Advanced Technology Vehicle Manufacturing initiative to help automakers and suppliers develop alternative technologies.
According to DetNews, on Tuesday, March 13, during an Energy and Natural Resources Committee hearing, many senators accused the Department of Energy (DOE) of mishandling the US$25 billion program.
They said that the DOE had not offered a new retooling program in a year and no new major loans in the past two years. Republican Senator Lisa Murkowski said that the department had made the program “virtually dormantâ€, while others, like Senator Rand Paul, went as far as saying that “we need to get out of this business†as the program makes no sense at all.
Read more »- Chrysler Group Repays Us And Canadian Government Loans In Full
The Chrysler Group announced the repay of U.S. and Canadian government loans totaling $7.6 billion (€5.39 billion), more than six years ahead of schedule. More specifically, the Detroit automaker made a payment of $5.9 billion to the U.S. Treasury...
- Ford Gets $5.9 Billion Gov. Tech Loans, Says Electric Focus Will Arrive In 2011, Plug-in Hybrid By 2012
The U.S. Department of Energy announced today that Ford has been approved for a $5.9 billion government loan to develop fuel-saving technologies that will reduce the nation's dependency on foreign oil. Ford, which is the only American automaker not...
- Chrysler Reveals Electric Minivan For Postal Service, Asks Gov. Money To Create Demo Fleet...
Those 'jolly old' folks down at Chrysler never cease to amuse us with their government loan tactics. Today, Chrysler LLC showed off four all-electric Town & Country minivan concepts to the U.S. Postal Service (USPS) as part of the USPS Earth...
- 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,...
- Gm Pulls The Plug Early On Used-car Incentive Program
A GM spokesman confirmed earlier rumors today that the company will indeed scrap a financing incentive used-car program earlier than planned because of "a lack of credit funding" - that means no money in plain English. The General had informed its dealers...