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51MI senator says 276% car loans are not 'predatory'

A fight is brewing in the Michigan state legislature over whether to allow auto title loans (pictured above in California). This type of lending allows people to borrow against the value of their car while they keep driving it, but the money often comes with astronomical interest rates. Critics allege it's a form of predatory lending, but Michigan Senate Majority Leader Randy Richardville (R-Monroe) disagrees.

77Honda exec says US market near capacity, could hurt subprime buyers

Is there a point in the US auto industry where companies should start considering the welfare of their customers ahead of selling more cars? American Honda Executive Vice President of Sales John Mendel thinks that level exists, and we may be getting very close to it.

5Auto Loan Defaults Higher During Recovery Than Recession

Delinquency rates have nearly doubled since 2010

More subprime borrowers defaulted on their car loans in the years following the Great Recession than during or before the crash.

10Fisker will borrow $5M from Wanxiang as interim solution

It may seem like a drop in the bucket compared to the approximately $1 billion in liabilities bankrupt automaker Fisker Automotive has against it, but every bit helps. In this case, it's a smidgeon less than $5 billion. That's how much the maker of the Karma extended-range plug-in is getting approved to borrow from its presumed future owner, Wanxiang Group. It's a start.

22Biofuel company Sapphire Energy pays of $54.5m government loan early

In the "lightning strikes twice" department, another California company in the green transportation field has said it paid off its federal government loans ahead of schedule. In this case, San Diego-based Sapphire Energy, which specializes in converting plant algae to crude oil, says it has paid off its $54.5-million loan, originally granted by the US Department of Agriculture, ahead of schedule.

43US House votes to keep $25b DOE loan program alive

In the "it may be broke, but we ain't fixing it" department, the US government has decided not to shutter the $25 billion Department of Energy loan program geared to accelerate advanced-powertrain technology development, the Detroit News reports. Given the opportunity to cut a mere $6 million in funding earmarked specifically to oversee the $25 billion Advanced Vehicle Technology Manufacturing program, the US House declined and the Obama Administration said that there remains more than $15 billi

17Tesla readying fleet of 80 Model S EVs to use as service loaners

Fear not, Tesla drivers. When you take your Model S into the shop and need a loaner car, you'll get... another Model S.

354Fisker may owe Delaware money if factory plans fall through

Fisker Automotive has had a tough year, making the news for everything from recalls to presidential politics – Mitt Romney called the company a "loser" during the debates – to a car catching on fire to Justin Bieber chroming his Karma plug-in hybrid (PHEV) and then getting paparazzi involved in a crash as they chased after him.

2A123 wants to access $50 million from Wanxiang

Think of it as a refi going to the highest bidder.

34Tesla will have to pay back DOE loan early, says it's ready to do so

The 0-60 mile per hour acceleration time of the top-of-the-line Tesla Model S is 4.4 seconds. Now, the federal government is looking for Tesla Motors to similarly pick up the pace.

5Better Place gets $50 million loan from European Investment Bank

Things just got a little better for Better Place.

26More Americans paying their car loans on time

Nearly everyone in America with a car loan is making the payment on time, the Detroit Free Press is reporting.

38Coda shelves plans for Ohio battery plant because of DOE inaction

In this case, the federal government sneezes, and central Ohio catches a cold.

32GM "loans" Volts in Southern California to spur sales

Think of it as an extended test drive.

79DOE rejects $310M loan for Carbon Motors to build advanced police cars

Carbon Motors, maker of the purpose-built E7 police car, won't receive the $310 million in U.S. Department of Energy (DOE) loans under the Advanced Technology Vehicle Manufacturing (ATVM) program that it applied for almost three years ago, and said that it's a victim of politics.

31Carbon Motors' $310 million DOE loan for police-car production rejected

Carbon Motors, maker of the purpose-built E7 police car, won't receive the $310 million in U.S. Department of Energy (DOE) loans under the Advanced Technology Vehicle Manufacturing (ATVM) program that it applied for almost three years ago, and said that it's a victim of politics.

117Fisker lays off employees, renegotiates with DOE [UPDATE]

This isn't good. The Associated Press is reporting that Fisker Automotive has stopped production of the Fisker Karma (UPDATE: Not true, says Fisker PR: "We are currently producing 20-25 Karmas a day and will continue to do so.") and laid off 26 Delaware employees and 40 contractors in California. The carmaker is reportedly looking to conserve cash while attempting to renegotiate loans granted by the Department of Energy. (UPDATE: We have gotten a statement from Fisker about the situation, which

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