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The Obama administration could revive the $25 billion auto loan program


According to U.S. Energy Secretary Ernest Moniz, the administration is considering reviving the moribund $25 billion auto loan program by revising lending criteria and seeking a new round of loan requests. The Advanced Technology Vehicle Manufacturing Program was created by the U.S. Congress in 2007, but hasn’t made a new loan since March 2011 and came under scrutiny after two of ...
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More government loans articles

Tesla will repay U.S. Energy Department loans five years early
Tesla Motors has announced it will repay the loans to the U.S. Energy Department five years ahead of schedule in a plan approved by the government. Tesla Motors received $465 million ...
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 ...
Tesla Motors asked to speed up government loan repayment
The U.S. Energy Department has asked Tesla Motors to speed up the repayment of its $465 million loan granted in May 2010 for developing electric cars. The California-based company, led by ...
Fisker Automotive: Senators question Fisker’s federal loan
Two Republicans from the U.S. Senate have asked the Obama administration to explain in detail why it approved a $529 million loan to startup Fisker Automotive. The letter questioned why Fisker ...
Chrysler expects $3 billion in operating profit in 2012
Chrysler Group is set to make $3 billion in operating profit in 2012 due to growing vehicle sales in the U.S., CEO Sergio Marchionne announced. The Detroit-based automaker expects global sales ...
Fiat willing to buy Canada’s Chrysler stock
Italian automaker Fiat says it would like to buy Canada's interest in Chrysler, as the resurgent company repays its multibillion-dollar government loans and moves back into the black. But after a ...
Chrysler financial: Chrysler to Repay Government Loans Tuesday
Chrysler is set to pay off its government loans on Tuesday, saving it more than $300 million a year in interest payments and allowing Fiat to raise its stake in ...

latest automotive news
US: safety regulators don’t recall around 600,000 Ford, GM autos
When almost 54 million vehicles have been recalled so far this year in the US – setting up a huge, ...
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Honda will be ‘strong’ despite troubled start – Dennis
Nov.26 (GMM/Inautonews.com) Ron Dennis has played down suggestions Honda's 2015 engine programme is running behind schedule. After a recent filming ...
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Ford GT gets crashed in Brazil
The driver of a Ford GT has managed to crash his ride after losing control of the wheel in a ...
BMW i8S plug-in hybrid planned
A new range-topping version of the BMW i8 is believed to come in a couple of years, in the shape ...
Four McLaren P1 supercars seen in China
No less than four examples of the McLaren P1 have been spotted recently in China, in front of a dealership. The ...
US legislators could stop registration of vehicles that were not repaired following recall
With two major safety scandals in the span of just one year, US recalls have hit an incredible all-time record ...
Ferrari 458 Italia gets crashed in Chile
Another Ferrari 458 Italia has been involved in an unfortunate incident, this time in Chile. Driving a rear mid-engined, rear-wheel drive ...