Post Tagged with: "government loans"

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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”. […]

Tesla Motors asked to speed up government loan repayment

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 billionaire Elon Musk, said today in a U.S. regulatory filing that it has until October 31 to submit a […]

Fiat willing to buy Canada’s Chrysler stock

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 meeting with Sergio Marchionne, the chief executive of both Chrysler and Fiat, Jim Flaherty, the finance minister, said that […]