Funding
Fiat Chrysler Automobiles Makes Wall Street Debut
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Fiat Chrysler Automobiles (FCA) made its Wall Street Debut today. The Italian company is working to shift its focus from Europe to the United States.
Aptera: A Brief Chronology Of The Collapse
Last week we brought you a story about Aperta employees boorishly smashing the remaining shells of their 2e electric vehicle, including quotes from their disgruntled former CEO, Steve Fambro. You may wonder how things went so wrong. If you haven’t been following the Aptera saga, or if you don’t know what Aptera is, this is a good…
Saab Sells 582 Cars to Chinese Buyer to Cover Payroll, Bankruptcy Still Looms
According to an official release by Saab Automobiles, Russian businessman Vladimir Antonov is still very much interested in pour money into the ailing automaker, but was awaiting clearance from the Swedish National Debt Office.
Fisker Raises $100 Million In Advance Of Vehicle Sales
Documents filed with the U.S. Security and Exchange Commission revealed that Fisker, maker of the Karma hybrid sports car, is raising an additional $100 million in funding in advance of the company’s first customer deliveries. While the investors have not been identified, the money comes in addition to Fisker’s $190 million in financing secured already. The Karma…
Saab, Hawtai Deal Terminated
Saab parent, Spyker Cars, said that Hawtai was unable to obtain all the necessary consents, as a result; the arrangement has been terminated with immediate affect, though there still is the possibility the two companies might continue discussions, albeit on a non-exclusive basis.
