investment

What's even slicker than a Fisker Karma? Fraudsters. Patient purchasers are finally taking delivery of the first Karmas to roll off the line, but not everyone is receiving everything they expected. A group of Florida investors put up $4.5 million for a stake in the plug-in hybrid company, and ...

When electric vehicle maker Think filed for bankruptcy last spring, it owed millions of dollars to EnerDel subsidiary Ener1. Ener1 was also a major investor in Think and a lot of the company's worth was tied up with the Norwegian EV maker. Any way you slice it, Think's failure put Ener1 in a ...

Volkswagen AG says it will invest €62 billion ($85.5 billion U.S. at the current exchange rate) in innovation and technology projects, primarily in Germany, within five years as it eyes becoming the world's leading automaker. The German automaker announced on Friday that much of its ...

Renault-Nissan chief executive officer Carlos Ghosn says his companies have invested a combined four billion euros ($5.6 billion U.S. at the current exchange rate) into electric vehicle technology – with even more electric tech spending to come. As Ghosn told Dow Jones Newswires on the ...

General Motors says it will invest €20 million ($28.4 million U.S. at the current exchange rate) at its Powertrain Engineering Center in Torino, Italy. This investment comes on top of the €30 million ($42.6 million U.S.) that GM spent to establish the center back in 2005. Why is this ...

Coda Holdings, the company behind the battery-powered Coda Sedan, is still seeking an additional $50 million to "finish the car," according to Christopher Rose, the firm's senior vice president for corporate development. Back in January, regulatory filings indicated that Coda had raised $76 ...

Compared to gas and diesel vehicles, electric cars are incredibly efficient. It's a good thing too, since their batteries hold only a small fraction of the energy in a typical gas tank. As with most any technology, though, there is always room to boost efficiency. This is where start-up ...

As Coda Automotive moves toward the first deliveries of its battery-powered sedan later this year, it will continue to need cash to fund development and production. A new cash infusion this week will help keep things moving along. Coda ...

Korean automaker Hyundai knows how it can meet South Korea's upcoming new emissions and fuel efficiency legislation: by spending $3.3 billion between now and 2013. About $1.8 billion of that figure will be dedicated to the development of ...

The credit crunch is not only playing havoc with plans at Tesla and other green (or not) car companies. Indeed, the effects of the financial crises are global and so it comes as little surprise that Optimal Energy, the South African company that recently showed off it's all-electric Joule at the ...