For a discussion centered on foreign policy, President Obama and Gov. Mitt Romney spent a lot of time discussing the condition of the U.S. auto industry during Monday night's presidential debate.
- Danny King
- Sep 5, 2012
California dreamin'? Well, for Ohio-based Amp Electric Vehicles, wishes for some much-needed funding came true courtesy of one Golden State private-equity firm. Amp has announced it has received a $7.5 million investment from Orange County, CA-based Kodiak Capital Group. The funds will allow Amp to further expand its EV-fleet production.
- Jonathon Ramsey
- Jan 22, 2012
The next chapter in the Saab opera has a new protagonist called Brightwell Holdings, a Turkish private equity firm. Brightwell is is perhaps the unknown Turkish entity mentioned last year as having an interest in bankrupt Saab, along with India's Mahindra & Mahindra. A board member at Brightwell said the company will spend two weeks evaluating Saab's assets and then will make a bid, "there's no question."
- Sebastian Blanco
- Jan 15, 2010
Henrik Fisker and the Karma plug-in hybrid – Click above for high-res image gallery
- Chris Shunk
- May 15, 2007
After months of speculation, the Chrysler sale happened without too much fanfare on Monday morning, as Cerberus came out as the top bidder, and several potential investors came away empty-handed. One of the few groups vying for control of Chrysler was its own employees, and Automotive News is reporting that those UAW members feel they never got a real chance.
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