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A123 Systems receives interim court approval of $50M DIP financing from Wanxiang; responds to objections from Wanxiang, Fisker and others on asset sales process

Green Car Congress

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). The financing supplements the pre-petition $22.5 Li-ion maker A123 Systems, Inc.

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Why nighttime EV charging is incentivized while daytime is cleaner

Green Car Reports

When it comes to overall carbon emissions, EVs are cleaner than internal-combustion cars, but how much cleaner can depend on when they're charged, according to a recent Bloomberg New Energy Finance blog post. A grid more reliant on renewable energy will shrink the carbon footprint of EVs charging from it.

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Senate Finance Committee Approves $12,500 EV Tax Credit Bill

The Truth About Cars

On Wednesday, the Senate Finance Committee advanced the Clean Energy for America Act making a few tweaks from earlier proposals. The post Senate Finance Committee Approves $12,500 EV Tax Credit Bill appeared first on The Truth About Cars. It’s good news for General Motors, which recently begged the government for just […].

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LIVE BLOG: Tesla (TSLA) Q2 2021 earnings call summary

Teslarati

Anyway, thanks for staying with us for our Live Blog once more. Tesla Chief Finance Officer Zachary Kirkhorn takes the floor, noting that the company’s financials even without credits improved substantially. 14:15 PT : Good day, everyone, and welcome to another live blog of Tesla’s earnings call! Until the next time!

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Stellantis’ Handling Of Dodge Should Be A Cautionary Tale

The Truth About Cars

From CarsDirect : Just as before, Stellantis Financing continues to offer a special financing rate of 1.9% percent] APR financing for 72 months could make the 2025 Dodge Charger Daytona EV a more appealing option to purchase than before. The first one includes 0 [percent] APR financing for 72 months plus $3,000 in bonus cash.

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LIVE BLOG: Tesla (TSLA) Q3 2024 earnings call

Teslarati

To support this strategy, Tesla is rolling out compelling financing options that make its vehicles more attainable to consumers. 16:15 CDT – Hello, everyone, and welcome to our live blog of Tesla’s third quarter 2024 earnings call. The post LIVE BLOG: Tesla (TSLA) Q3 2024 earnings call appeared first on TESLARATI.

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Amazon Now Offers Leasing for New Hyundai Vehicles

The Truth About Cars

Amazon shoppers have been able to buy a Hyundai vehicle on the platform for a while now, but the service was limited to financing only. Previously, buyers only had financing options available on the platform, and if they could not qualify through those programs, Amazon would direct them to visit a dealer to explore other options.

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