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0Study: Each Karma 'cost' Fisker $660,000 to produce 1366403220
Looks like the $100,000 or so Leo and Bieber plunked down for their Fisker Karma extended-range plug-in vehicles may have been a bargain. The California-based automaker, which appears to be headed for bankruptcy, spent an estimated $660,000 for every one of fewer than 2,500 vehicles it made ... -
Report: Tesla readying fleet of 80 Model S EVs to use as service loaners 1366230420
Fear not, Tesla drivers. When you take your Model S into the shop and need a loaner car, you'll get... another Model S. Tesla chief Elon Musk tells USA Today that the all-electric vehicle maker will set aside about 80 Model S vehicles specifically for customers who need to take their cars in for ...
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Report: Musk vows to repay Tesla's federal loans in five years, not ten 1361993460
Tesla Chief Elon Musk says his company will repay its US Department of Energy loans within five years, Automotive News reports. That's way, way ahead of the 10-year deadline the electric-vehicle maker was originally given to pay back the $465-million loan it got from the feds. Musk says ...
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Report: Fisker may owe Delaware money if factory plans fall through 1356555660
Fisker Automotive has had a tough year, making the news for everything from recalls to presidential politics – Mitt Romney called the company a "loser" during the debates – to a car catching on fire to Justin Bieber chroming his Karma plug-in hybrid (PHEV) and then getting paparazzi ...
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Report: A123 wants to access $50 million from Wanxiang 1351626540
Think of it as a refi going to the highest bidder. Bankrupt lithium-ion battery maker A123 Systems is looking to access a $50 million loan from China-based auto-component maker Wanxiang, which is offering terms at an interest rate that's three percentage points lower than competing bidder ...
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Official: Tesla will have to pay back DOE loan early, says it's ready to do so 1349265720
The 0-60 mile per hour acceleration time of the top-of-the-line Tesla Model S is 4.4 seconds. Now, the federal government is looking for Tesla Motors to similarly pick up the pace. The electric vehicle maker, which received a $465 million credit line from the U.S. Department of Energy, is being ...
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Official: Better Place gets $50 million loan from European Investment Bank 1346281560
Things just got a little better for Better Place. The electric-vehicle battery-swapping company said Tuesday that it received a 40-million euro (U.S. $50 million) loan from the European Investment Bank, marking the company's first credit line after raising all of its existing funding in the form ...
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Report: Coda shelves plans for Ohio battery plant because of DOE inaction 1333051680
In this case, the federal government sneezes, and central Ohio catches a cold. That's the take from the Columbus Dispatch on the decision by electric-vehicle maker Coda Automotive to shelve plans to build a Columbus, OH, battery factory. Coda said about two years ago that it would build the ...
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Report: GM "loans" Volts in Southern California to spur sales 1332518040
Think of it as an extended test drive. General Motors is looking to spur sales of its Chevrolet Volt extended-range plug-in hybrid in California by loaning hundreds of Southern California drivers Volts for as long as a week, Green Car Reports said, citing GM representative Shad Balch. Under ...
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Official: Carbon Motors' $310 million DOE loan for police-car production rejected 1331218620
Carbon Motors, maker of the purpose-built E7 police car, won't receive the $310 million in U.S. Department of Energy (DOE) loans under the Advanced Technology Vehicle Manufacturing (ATVM) program that it applied for almost three years ago, and said that it's a victim of politics. "We are ...

