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American Suzuki Motor receives bankruptcy court approval of up to $100M in Debtor-In-Possession (DIP) financing

Green Car Congress

American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As previously announced, ASMC is continuing to market and sell its remaining US automobile inventory through its national network of automotive dealers. Earlier post.)

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How To Finance a Used Car in the UK

Clean Fleet Report

Used-car buyers can now find nearly as many offers and choices as those looking for a new one, thanks to the huge popularity of car financing. Just remember to run a car history check before financing the vehicle to ensure it’s worth the money. Car dealerships may have the best financing deals. Dealer Finance for Used Cars.

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Porsche and electric hypercar maker Rimac to set up JV incorporating Bugatti

Green Car Congress

Bugatti is contributing a tradition-rich brand, iconic products, a loyal customer base and a global dealer organisation to the joint venture. Bugatti Automobiles S.A.S. —Lutz Meschke, Member of the Executive Board for Finance. In addition to technology, Rimac is providing new development and organisational approaches.

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Toyota invests $600M in Didi Chuxing, JV vehicle-related services for ride-hailing drivers

Green Car Congress

Toyota and DiDi announced collaboration on e-Palette in January 2018 ( earlier post ), and launched vehicle-related services, including a vehicle leasing service and various services for DiDi ride-hailing drivers at a Toyota dealer in May 2018.

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Chinese Government Probes Automakers Over Fake Used Cars

The Truth About Cars

Apparently, there have been a sizable number of zero-mile vehicles appearing on used lots, suggesting companies may have been handing brand-new vehicles to dealers at a large discount to help pad monthly sales figures. On the surface, this seems like business as usual.

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8-state alliance releases action plan to put 3.3M ZEVs on their roads by 2025

Green Car Congress

This will include working with the automobile manufacturers and dealers to ensure that all plug-in electric vehicle models are available for sale and aggressively marketed in all MOU states. Assessment of creative vehicle financing innovations.

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Didi Chuxing sets up JV with China EV maker BAIC-BJEV; next-gen connected car systems; Transportation Brain

Green Car Congress

Xiaoju Automobile Solutions?XAS?was was soon created to build out a collaborative driver/car-owner service platform through integrated auto-finance, leasing, trading, charging and refueling, and maintenance operations. With the support of policymakers, China is accelerating its systemic transition to new energy vehicles.