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    Study: Each Karma 'cost' Fisker $660,000 to produce
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    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 ...

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    Report: Tesla readying fleet of 80 Model S EVs to use as service loaners
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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 ...

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