American Auto Loans hit Record Levels
No, you’re not imagining things. Both new- and used-vehicle prices are on the rise and American motorists are paying more than ever to purchase cars and trucks.
loans
Alternative Vehicle Loan Program Coming Back Online
Despite criticism by Republican lawmakers, the Department of Energy loan program designed to encourage alternative vehicles is ready to resume.
Car Loans 101: What You Need to Know About Financing a Car
Buying a car is a tough financial commitment. It might take some help to get all the money for it, but that’s exactly why car loans exist.
Stricter Loan Policies Spurred by Fisker Fiasco
Fisker is all but wiped from the automotive landscape, and more information about the Energy Departments loan criteria is surfacing in the wake of the failure.
Department of Energy Reclaims $21M from Fisker
The U.S. Department of Energy recovered $21 million from Fisker Automotive, the floundering company behind the Karma plug-in hybrid luxury car.
Chinese Company Wins Auction for A123 Systems
A year riddled with controversy for electric cars is winding down, but not without at least one more flare up — Chinese firm Wanxiang Group won the bidding war for A123 Systems.
American Suzuki Needs Loan to Limp from US Market
American Suzuki ended its North American car selling operation earlier this week, but that left a crowd of unhappy dealers the company is now trying to pay off.
Fisker Seeks Additional $150 M in Investment Funds
Unlike exotic EV maker Tesla’s relative success story, Fisker’s has been one riddled with scandal and financial scrambling, the latest of which sings to the tune of $150 million.
Fisker DOE Loan Questioned by GOP Senators
Government loans to Fisker are under fire by a pair or Republican senators who disagree with tax dollars going to a company that is owned, in part, by a foreign country.
Chrysler To Re-Finance Debt, Pay Loans
Chrysler is preparing to pay back $6.6 billion on government loans, but the company will do so not from its own cash but by re-financing existing debt. Current terms of the government loans have Chrysler paying 12 percent interest per year. While Chrysler would not be out of debt, they would theoretically free themselves from...
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