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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”. The report's author, John Shinal, believes Tesla Motors, valued at $4 billion, ...
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Vw will invest more than €62 billion up to 2016
Volkswagen AG is ramping up investments to more than 62 billion Euros between 2012 and 2016 to boost production capacity and launch new cars as part of its bid to ...

latest automotive news
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