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Kenya’s Largest Bank To Provide 100% Financing For Riders To Acquire 100,000 Electric Motorcycles!

CleanTechnica EVs

In 2007, the KCB Foundation was established to implement the KCB Bank Group’s Corporate Social Responsibility programs and as a […] The Group is headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, South Sudan, Tanzania, Uganda, and Burundi.

Burundi 124
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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 a result, the Company will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC). Earlier post.)

Suzuki 218
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Sumitomo to acquire 25% of Hay Holding GmbH from Musashi; expanding its automotive business

Green Car Congress

Sumitomo Corporation and Musashi Seimitsu Industry Co., have reached a basic agreement on the acquisition by Sumitomo Corporation of 25% of the shares of Hay Holding GmbH, a major German manufacturer of automotive parts whose shares are all held by Musashi.

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Ampersand Secures $9 Million Debt Facility From US International DFC To Scale Operations

CleanTechnica EVs

A number of startups focused on electrifying the motorcycle and motorcycle taxi (boda-boda) market have now entered the boda-boda space in Kenya, Uganda, and Rwanda. They have adopted several models, including battery leasing and swapping services, hoping to entice boda-boda operators with the lower opex costs of electric motorcycles.

Rwanda 115
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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. Like a lot of Masters corporate attendees, he was housed in a luxury private home, which he and his guest proceeded to trash after a night of drinking.

Dealers 98
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Electric vehicles trends in India

Electric Vehicles India

According to an independent study by CEEW Centre for Energy Finance (CEEW-CEF), the EV market in India will be a US$206 billion opportunity by 2030 if India maintains steady progress to meet its ambitious 2030 target. The funding raised by the company will be used to scale its operations in electric motorcycle and bus manufacturing in Africa.

India 88
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Chinese automakers bring hybrids and plug-ins to Detroit, Geneva auto shows

Green Car Congress

—a partnership between Chery Automobile, China’s largest independent car manufacturer, and Israel Corporation—is bringing its Cross Hybrid Concept to the Geneva Motor Show in March. 6 among Chinese automakers with a production and sales volume of 720 thousand for vehicles and 950 thousand for motorcycles in 2012.

Detroit 261