A large funding increase for the National Highway Traffic Safety Administration (NHTSA) is looking uncertain.
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The struggles of the electric car are well documented, and it appears that the struggle is not going away anytime soon. According to the latest news, the Federal Government will pull its funding to ease the cost of buying an electric vehicle charger. Up until now, the Fed’s have been discounting these units as an...
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Last year, some American car companies looked to their government for financial help to keep them afloat and use the money to develop new products. Some of them have actually used the money properly and produced some decent new models. Over in the U.K., Lotus is looking at the British government to help out in...
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Last year, the Obama Administration heavily backed Detroit’s automakers with a big helping of government funding. The bail-out money that was partly provided to General Motors and Chrysler, was for these companies to develop and sell hybrids, plug-in hybrids and pure electric vehicles. The end result was the hardly amazing Chevrolet Volt. However, the Obama...
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In BMW’s case, the Munich based company secured $3.62 billion in a line of credit, during a single transaction.
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