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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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Li-ion battery maker Boston-Power announces $125M in new financing; focus on and support from China

Green Car Congress

Additionally, through its stimulus programs and local industrial policies, the Chinese government is providing a range of grants, low-interest loans and related financial and tax incentives. As part of its plans, Boston-Power is establishing an R&D and EV battery engineering facility in China. Purcell, Jr.,

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Grant Thornton LLP Warns of Potential Collapse of Automotive Supply Chain

Green Car Congress

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. Grant Thornton LLP is the US member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations.

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Ener1 Outlines Automotive Programs Underway for Li-ion Packs

Green Car Congress

As part of its report on fourth quarter and year-end 2008 results, Ener1 outlined its EnerDel unit’s customer programs underway for its lithium-ion battery technology in applications spanning hybrids, plug-in hybrids (PHEVs) and full electric vehicles. million was financed through capital leases. million in 2007.

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On the Shoulder of Giants: How the Tesla Cybertruck’s ambitious camper is willing itself into being

Teslarati

Granted, the transforming pop-up camper was priced at a premium at about $50,000 per unit, but for some Cybertruck reservation holders, the expense was worth it. Part of this is due to the Cybertruck’s aggressive timeframe , which suggests that the first vehicles could roll off Gigafactory Texas by the end of the year.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

The full $7,500 tax credit is split into two parts, each worth $3,750. These additional requirements are meant to encourage the auto industry to rely less on foreign countries like China and more on domestic sources for these components, promoting local manufacturing and supply chain security. or a trade partner.

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

Green Car Congress

billion in loans to auto manufacturers large and small—part of a much larger portfolio of clean energy loans and loan guarantees—Davidson added that not every investment and every company can succeed in such a competitive environment. Noting that DOE has issued $8.4 Earlier post.)

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