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GE Energy Financial Services and GE Capital’s Equity unit provided $15 million of the amount raised by A123 in this financing. In addition to the private capital, A123 is seeking funds under federal and state stimulus and other programs to ramp up its production capabilities in Michigan. Earlier post.) Earlier post.)
The economic impact of a General Motors or Chrysler bankruptcy is being debated across the country. Other key actions for lenders to take include: Provide Affordable Financing: The interest rate on loans to finance consolidation efforts should be set at lower lending rates. Laura Marcero.
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