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GE Capital to provide financing for electric motorcycle maker Brammo

Green Car Congress

GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. The Ashland, OR-based manufacturer designs and develops electric motorcycles. —Craig Bramscher, founder and CEO of Brammo.

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Brammo unveils electric motorcycles Empulse And Empulse R

Green Car Congress

has announced pricing and production plans for the Empulse and Empulse R electric motorcycles and previewed the new design. The Empulse and Empulse R will cost $16,995 and $18,995, respectively, with financing available from Sheffield Financial. financing for 60 month at $334 and 3.9% financing for 60 month at $334 and 3.9%

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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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FTC Launches “Combating Auto Retail Scams” Rule

The Truth About Cars

The Federal Trade Commission (FTC) has announced the finalization of the new Combating Auto Retail Scams (CARS) rule designed to prevent auto dealers from utilizing bait-and-switch tactics and hidden junk fees. If consumers see that a dealer is complying with the CARS Rule, it adds a measure of confidence. That shouldn’t happen.

Auto 101
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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. As an & Automotive News & junkie, I loved talking about the car biz with these dealer principals.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Electric motorcycles breakout. Sales of e-motorcycles have been increasing, but the market remains a tiny fraction of the e-bicycle and e-scooter market (5.2 million e-bicycles and e-scooters compared to about 30,000 e-motorcycles were estimated to have been sold in 2013 outside of China), Navigant says.

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Over 20 lakh electric vehicles were purchased by Indians in the last six years

Electric Vehicles India

In the passenger car segment, only 16,943 were registered in 2018, due to the motorcycle segment, which reached 6.28 At the 2023 budget presentation, Finance Minister Nirmala Sitharaman proposed lowering tariffs on imported capital goods for the production of lithium-ion batteries. In 2018 it increased from 1.08 million to 3.38