13 Articles
Report
Musk plan to privatize Tesla pushes $2.3 billion of debt above conversion price

The move may provide a little debt relief

The move may provide a little debt relief.

Official
Tesla raises $1.2 billion in advance of Model 3 debut

Musk and Co had expected to raise $1 billion.

Tesla sold about $350 million in stock and $850 million in convertible debt to help pay for capital expenditures spurred by new model.

Report
Green
Tesla gets deadbeat treatment in Norway over late payments

Creditors come knocking, and Tesla's credit rating gets docked.

Tesla Motors Norway sees its credit rating damaged as creditors demand payment.

Followup
Spyker settles tax debt, cancels auction of assets

News hit last week that Spyker appeared to be in trouble. Citing an outstanding tax bill, local authorities had apparently seized an array of the company's assets – including racecars, road cars, concept cars and spare parts – and were selling them off in order to pay off the company's debt. It now seems, however, that Spyker is in the clear.

Report
Tesla dropped to 'junk bond' status by S&P

While Tesla Motors' Model S is a piece of pristine, well-designed metal, the company's bonds have now been rated as "junk." But maybe that's better than the other way around. We'll let the investors decide.

Motorsports
Lotus F1 team $186 million in debt

The Lotus F1 team has fallen on some hard times. Majority-owned by investment firm Genii Capital and having little to do with the British automaker with which it shares its name, the Enstone-based outfit has been widely reported to be in serious financial trouble. The extent of those difficulties were until now unknown, but a new report from Germany's Auto Motor und Sport reveals that

Report
REPORT: Chrysler unlikely to pay back most recent $4.5 billion gov't loan

Repayment of the $4.5 billion life-line in U.S. and Canadian loans that a federal bankruptcy court allowed yesterday is "highly unlikely," according to Ron Manzo, a top company adviser. To Chrysler's bankruptcy legal team, that is not the issue. Urging the court "to let this company live," automaker attorney Corinne Ball said "the survival of Chrysler's business is at stake in these proceedings, as is the fate of hundreds of suppliers and thousands of Chrysler dealers around the country."

Ford might increase cuts in slow economy

Mark "the Mullet" Fields dropped some small ordinance during an interview with the Wall Street Journal today, saying that if the slow U.S. economy puts the automaker at risk of not meeting its financial goals for the next two years, it may increase the rate at which it will cut costs.

Koenigsegg is in debt, but not circling the drain

There are a number of hurdles to overcome when playing to people's egos, adrenal glands and pocket books. When combing the three into a cohesive, four-wheeled package, the task is even more daunting. Although Koenigsegg has only been in the business for five years, it knows that troubles don't end when a fresh set of keys is handed to a customer and backorders fill the coffer.

Recent Ford bond issues to pay out record returns

From all appearances, Ford Motor Company feels it will need a well-baited hook in order to attract investors to its most recent issue of bonds. As such, the Blue Oval crew is offering $2.5 billion with rates as high as 10.75 percent - a record for the company. Analysts state that this is "an expensive way" for the company to hold onto its $21.2B in cash, even as its prepares for yet another round of downsizing. Ford itself confesses that selling credi

FCC lobbied by debt collectors to allow auto-dialing of mobile phones

According to the Washington Post, debt collectors are lobbying the Federal Communications Commission (FCC) to again use automated dialers to contact mobile phones of debtors. Previously, collectors could use such technology but were banned back in 2