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Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

Green Car Congress

Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Phil also held leadership positions at Chrysler and Isuzu and most recently was the CEO of Coda Automotive. Phil is also a member of Pinnacle’s Board of Directors.

Financing 291
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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.

Financing 150
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The Six People You Meet In the Car Business

The Truth About Cars

Having worked for car dealerships, manufacturers, an auction house, and an auto finance company, I’m convinced there is no other industry that attracts& such a diverse cast of characters. They may only own a Chrysler franchise but can talk at length about what& is going on at BMW and Toyota.

Dealers 98
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A123Systems Raises $69 Million in New Round of Private Financing; GE Increases Ownership to More than 10%, Director of GE Global Research to Join Board

Green Car Congress

GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. With this financing, we will begin an expansion that we expect to accelerate upon receipt of government funds. Chrysler will be responsible for the vehicle integration piece. Earlier post.)

Financing 150
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New Navigant Leaderboard puts GM and Waymo at the head of the autonomous driving technology pack, Tesla last

Green Car Congress

Fiat Chrysler Automobiles (FCA) has joined the partnership of BMW, Intel, and Mobileye. In this latest report, General Motors (GM) and Waymo are effectively in a dead heat on the technology front; both companies are on the verge of having production ready AVs suitable for mobility services. Bosch and Daimler are working together.

GM 207
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Why communication is key to accelerating electrification

My Energi

After all, according to the latest vehicle registration data from the Society of Motor Manufacturers and Traders (SMMT), [1] more than 23,000 battery electric vehicles (BEVs) and 8,900 plug-in hybrids (PHEVs) were sold across the UK in October 2023 alone – six times the number of diesel cars (5,261). But why is this relevant?

Petrol 52
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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

With a few exceptions, General Motors Company (GM), Ford Motor Company (Ford), and Chrysler Group LLC (Chrysler) have focused mainly on refining existing vehicles in 2012, rather than introducing new models or new versions of existing models. than was seen in 2010 and 2011.

2012 186