“Fisker Automotive receives $528.7 million government loan - Oakland Press” plus 4 more

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“Fisker Automotive receives $528.7 million government loan - Oakland Press” plus 4 more


Fisker Automotive receives $528.7 million government loan - Oakland Press

Posted: 22 Sep 2009 11:28 PM PDT

WASHINGTON (AP) — The Obama administration will provide more than $500 million in loans to a California manufacturer of luxury electric vehicles to develop two plug-in hybrid vehicle lines.

The Energy Department announced Tuesday that it would lend $528.7 million to Fisker Automotive from a $25 billion fund to develop fuel-efficient vehicles. The government awarded $8 billion in loans to Ford Motor Co., Nissan Motor Co. and Tesla Motors Inc. in June.

Energy Secretary Steven Chu says the project will lead to 5,000 jobs created or saved for domestic parts suppliers and thousands more to build plug-in hybrids.

The funding will help complete the company's first vehicle, the Fisker Karma, and develop Project Nina, an effort to build a plug-in hybrid in the U.S.



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Geely says to issue $334 mln conv bonds, warrants to Goldman - Forbes

Posted: 22 Sep 2009 05:01 PM PDT


HONG KONG, Sept 23 (Reuters) - Geely Automobile Holdings , China's largest privately owned auto maker, said on Wednesday it plans to raise HK$2.59 billion ($334 million) in convertible bonds and warrants to an affiliate of Goldman Sachs .

Geely, which has said its parent is considering bidding for Ford's Swedish car brand Volvo, said the proceeds will be used to fund capital expenditures, potential acquisitions and for general working capital.

For statement please click http://www.hkexnews.hk/listedco/listconews/sehk/20090923/LTN20090923007.pdf

(Reporting by Alison Leung and Donny Kwok; Editing by Carol Bishopric)

((alison.leung@thomsonreuters.com; +852 2843 6369; Reuters Messaging: alison.leung.reuters.com@reuters.net)) Keywords: GEELY/

(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)

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Automotive Equipment - Chicago Tribune

Posted: 22 Sep 2009 10:23 PM PDT

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Fisker Automotive receives $528.7 million government loan - Oakland Press

Posted: 22 Sep 2009 11:28 PM PDT

WASHINGTON (AP) — The Obama administration will provide more than $500 million in loans to a California manufacturer of luxury electric vehicles to develop two plug-in hybrid vehicle lines.

The Energy Department announced Tuesday that it would lend $528.7 million to Fisker Automotive from a $25 billion fund to develop fuel-efficient vehicles. The government awarded $8 billion in loans to Ford Motor Co., Nissan Motor Co. and Tesla Motors Inc. in June.

Energy Secretary Steven Chu says the project will lead to 5,000 jobs created or saved for domestic parts suppliers and thousands more to build plug-in hybrids.

The funding will help complete the company's first vehicle, the Fisker Karma, and develop Project Nina, an effort to build a plug-in hybrid in the U.S.



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Plug-in hybrid maker Fisker Automotive gets $529 million from Obama ... - Los Angeles Times

Posted: 22 Sep 2009 04:47 PM PDT

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