Post Tagged with: "Federal government"

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Ally Financial posts Q4 profit as U.S. auto sales increase

Ally Financial posts Q4 profit as U.S. auto sales increase

Ally Financial, the biggest U.S. auto lender, posted a fourth-quarter profit as more consumers purchased cars and trucks. The company’s net income was $1.4 billion, compared with a loss of $206 million a year earlier, the company said today in a statement. Core pretax income was $19 million, rising from […]

Tesla reportedly needing more loans to survive in 2013

Tesla reportedly needing more loans to survive in 2013

Tesla Motors will be in a very difficult situation next year without loans from the U.S. Department of Energy, MarketWatch reports. Without the hundreds of millions of dollars received by Tesla from the federal government this year, the electric-car maker’s finances would be „gasping for air as 2012 winds down”. […]

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Loans for Tesla Motors’s New Models

Loans for Tesla Motors’s New Models

Tesla Motors Inc. Chairman and Chief Executive Elon Musk declared that the company is on the schedule with the terms of the loan from the federal government and that it is ready to launch two new models by the end of 2012. “We have a lot of cash in the […]

Federal government to buy electrics and smaller cars

Federal government to buy electrics and smaller cars

The US administration will only buy vehicles using alternative energy sources to equip its fleet by the end of 2015, President Barack Obama announced Tuesday. In tandem with the president’s memorandum, the General Services Administration announced a pilot program to buy more than 100 alternative fuel vehicles to be distributed […]