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US Treasury To Provide Up To $5B in Financing For Auto Supplier Support

Green Car Congress

While the President’s Task Force on the Auto Industry continues to review restructuring plans submitted by General Motors and Chrysler, the US Department of the Treasury announced an Auto Supplier Support Program that will provide up to $5 billion in financing to US-based suppliers.

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

The economic impact of a General Motors or Chrysler bankruptcy is being debated across the country. But the most immediate and pervasive risk to the economy is a wholesale collapse of the automotive supply base, Grant Thornton LLP partner Laura Marcero told the Automotive Press Association in Detroit. Laura Marcero.

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Battery metal price plunge is closing mines and stalling deals – ET Auto

Baua Electric

last year put itself up for sale after a slump in the cobalt price left it struggling to finish key projects in the Democratic Republic of Congo, and London-based Horizonte Minerals Plc scaled back work on its Brazilian nickel mine as it searches for funds to complete construction, and announced an emergency USD 20 million financing late last year.

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One way or another, Fisker Automotive may soon be off the market

Green Car Congress

The program backs automotive companies that offer both green energy initiatives, such as increased fuel efficiency, and new auto industry jobs in the United States. VPG stopped production of the vans when its finances dipped below the minimum required as a condition of the DOE loan. Earlier post.)

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2022 Rivian R1T: a real pickup truck makes an impressive debut

Charged EVs

It was a stunt, granted, but definitely a first for most of us. Finance coverage at the end of October suggested a valuation of $50 billion or more—higher than Kia or Nissan, both of which are decades old and make millions of cars a year. Opening at $80 billion-plus, Rivian blew past all that—making it worth more than General Motors.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

" In other words, General Motors is going to lose its shirt until the Volt establishes itself in the marketplace. General Motors has sought $10.3 Why grant them the privledge to spend our money in the first place? Wired Home Subscribe Sections Cars 2.0 "The Volt is a case study.

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