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GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the US. CDF already provides inventory financing for other brands of alternative fuel and hybrid motorsports products.
launched a dealer program that provides turnkey residential charging packages to consumers purchasing new electric vehicles (EVs) or plug-in hybrids (PHEVs) and allows them to finance the charger in combination with the vehicle at the time of sale. AeroVironment, Inc. If needed, AeroVironment also provides at-home, in-person support.
American Suzuki Motor Corporation (ASMC) has received court approval for Debtor-In-Possession (DIP) financing. As previously announced, ASMC is continuing to market and sell its remaining US automobile inventory through its national network of automotive dealers. Earlier post.)
—Glenn Ellis, President of Hino Trucks To compliment the EV transition, Hino Trucks is building infrastructure to support these trucks with Hino INCLUSEV , a portfolio of end-to-end electric vehicle enablement exclusively available through Hino’s nationwide dealer network.
These will include flexible financing, short-term rentals, and full-service leases, such as all-inclusive truck-as-a-service options with enhanced incentives and fueling support. Dealers and their financing partners, leasing and rental companies, or truck-as-a-service providers can serve as providers.
The system allows electric vehicles to be charged quickly and flexibly, and dealers can also use the stored electricity for the lighting and air-conditioning in their showrooms and workshops. Following a successful pilot project in Prague, the energy storage units are now available to ŠKODA contract dealers.
SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. Honda and Acura customers and dealers interested in solar can find more information at www.hondasolarcity.com. The $50-million fund is a follow-up to a $65-million fund the companies created in 2013. Earlier post.)
There was also a strong interest in financing options: Of the respondents interested in electric cars, 66% of the German and 65% of the American study participants stated that they would purchase the vehicle via a financial product (financing, leasing or car subscription). This is followed by subscription (32%) and leasing (26%).
Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,
MSRP excludes destination/delivery fee plus government fees and taxes, any finance charges, any dealer processing charge, any electronic filing charge, and any emission testing charge. The Mustang Mach-E was the No. 2 US EV manufacturer as it continues to scale that part of the business.
BoA said it would allow consumers the option to finance residential electric vehicle chargers alongside their auto loans through the bank. The option of letting consumers finance the chargers will ultimately fall into the hands of dealers and manufacturers, the company said. I’d love to hear from you!
The Empulse and Empulse R will cost $16,995 and $18,995, respectively, with financing available from Sheffield Financial. Through this financing, customers will be able to purchase the new Empulse and Empulse R from Brammo dealers as follows: Empulse: 8.9% financing for 60 month at $334 and 3.9% for 72 months at $303, 6.9%
Prices are collected for the base price, destination charge, options, dealer preparation charges and applicable taxes and are adjusted for markups, dealer concession or discounts, and consumer rebates. Finance charges or finance incentives are excluded. Sources: Cars – U.S.
Used-car buyers can now find nearly as many offers and choices as those looking for a new one, thanks to the huge popularity of car financing. Just remember to run a car history check before financing the vehicle to ensure it’s worth the money. Car dealerships may have the best financing deals. DealerFinance for Used Cars.
Current Audi EV financing undercuts Tesla, but it may still be possible to get a better deal overall from the U.S. A recent dealer bulletin showed 0.99% financing on all 2024 Audi EVs for up to 60 months, compared to rates of 2.99% to 6.49% for most of the brand's other models. automaker, reports CarsDirect.
A study by researchers at the Institute of Transportation Studies, UC Davis finds that buyers of plug-in vehicles (PEVs) are substantially less satisfied with the dealer purchase experience than buyers of conventional vehicles—with the notable exception of Tesla buyers. In some cases, dealers outright discouraged PEV purchases.
MSRP excludes destination/delivery fee, optional equipment plus government fees and taxes, any finance charges, any dealer processing charge, any electronic filing charge, and any emission testing charge. Consumer Reports named BlueCruise its top-rated Active Driving Assistance System.
In addition, Hitachi Capital America will assist in developing a national dealer network and will support Workhorse’s sales with vehicle financing options for both dealers and customers, including dealer floor-plan programs. —Workhorse CEO Duane Hughes.
recently closed initial private placement equity financing for total gross proceeds of approximately US$42 million. SEA Electric currently partners with commercial vehicle OEMs, dealers, operators and upfitters to deliver a new range of zero-emissions trucks and is on schedule to deliver more than 1,000 electric commercial vehicles this year.
This will include medium-term bills, short-term financing bonds and ultra-short-term financing bonds. The first phase of the project will have an annual output of 30,000 tons of lithium carbonate and lithium salt, with a corresponding investment of about 900 million yuan (US$133 million).
Image: Nissan Nissan dealers in the United States are living through a traumatic experience. Profitability has plummeted to its worst in 15 years, leaving almost 40% of Nissan's 1,071 dealers hemorrhaging money. Dealers are suggesting Nissan needs to trim the fat, possibly reducing the number of stores by up to 40%. down from 7.7%
In addition, Allison has committed to provide debt financing in support of JJE North America’s commercial vehicle electric drive product development, testing and manufacturing acceleration efforts.
Cutting new-car prices is a great way to boost sales, but it’s not always kind to the dealers stuck with the inventory. Many Nissan dealers have already been selling below invoice, saying that demand has been so weak that they have been forced to incentivize any buyer willing to walk onto the lot.
It’s offering dealers up to $1,500 for every 2024 model-year truck dealers order from one of its regional EV distribution centers until November 15, which it said would allow dealers to cut floor planning costs.
The facility represents an innovative structure to finance JLR finished vehicle stocks between the points of production and onward sale to dealers on a revolving basis.
If true, the broader ramifications of this would be that CDK Global had intentionally forced retailers to pay higher prices while keeping useful information from them likely resulting in those costs trickling down to consumers while ensuring it maintained the lions share of the dealer services market. CDK's technology is outdated.
for electric vehicle financing. India’s leading non-banking finance company for electric vehicle financing. Akihiro Ueda, CEO, Terra Motors said, “This partnership between Pooja Finelease and Terra Motors will give access to a larger audience and will take care of our North, East and North-Eastern region financing.
Prices are collected for the base price, destination charge, options, dealer preparation charges and applicable taxes and are adjusted for markups, dealer concession or discounts, and consumer rebates. Finance charges or finance incentives are excluded. Source: DOE. Click to enlarge.
The Pro joins E-Transit in the lineup of Ford work-ready electric vehicles, backed by a nationwide network offering EV-certified fleet sales, service and financing.
Some Nissan dealers are advertising a $9,775 cashback offer direct from Nissan Motor Acceptance Corp (NMAC), Nissan's car finance arm. If you want a Nissan Leaf then getting one before the start of January could net you a hefty cashback offer right now. Details on.
Ashok Leyland, the flagship company of the Hinduja Group has signed an MoU (Memorandum of Understanding) with South Indian Bank for financingdealers under the Bank’s dealerfinance program. Under this partnership, the Bank will provide competitive dealerfinance options to the dealers of Ashok Leyland Limited.
Hero Electric ties up with HDB Financial Services for retail finance. Hero Electric on Wednesday said it has tied up with HDB Financial Services, a non-banking financial company (NBFC), to offer easy financing options for the purchase of electric scooters. Read further to know more about Hero Electric ties up HDB Financial Services. .
Ford has launched a handful of new promotional offers on its Mustang Mach-E and F-150 Lightning electric vehicles (EVs), including temporary zero-interest financing, cash bonuses, and more leasing options. Ford wants more dealers involved in EV sales What are your thoughts?
Service is performed by Lightning eMotors’ network of Ford QVM-certified service centers, upfitters, and dealers, and spare parts are readily available worldwide. Lightning eMotors Credit and Ford Motor Credit financing is available along with electric vehicle vouchers and incentives, which are accessible in many states.
Bugatti is contributing a tradition-rich brand, iconic products, a loyal customer base and a global dealer organisation to the joint venture. —Lutz Meschke, Member of the Executive Board for Finance. In addition to technology, Rimac is providing new development and organisational approaches. —Oliver Blum.
BMBS); Mercedes-Benz Auto Finance Ltd. 75 new dealers will be added to the sales network just in 2013, making the brand increasingly present outside the Tier 1 cities with a total of well over 300 dealerships. Daimler in China. Daimler Greater China is based in Beijing and includes Beijing Mercedes-Benz Sales Service Co.
The money, awarded through the SmartWay Clean Diesel Finance Program, will guarantee loans used to buy retrofitted used tractor-trailers at Rush Truck Centers throughout the South. The Clean Trucks Make Cents program will finance up to 100% of the purchase or lease of a pre-2007 tractor-trailer.
Daimler in China is based in Beijing and includes Mercedes-Benz (China) Ltd, Mercedes-Benz Auto Finance Ltd, Daimler Northeast Asia Parts Trading & Services Co., Approximately 50 new dealers will be added to the sales network of already over 220 this year, making the brand increasingly present outside the Tier 1 cities.
A dealer bulletin seen by CarsDirect includes a "24 Equinox Private Offer" available from now until April 30. It offers 2017-or-newer Bolt EV and Bolt EUV owners or lessees a $3,000 discount if they finance an Equinox EV purchase through GM Financial.
It is available to both private and business customers and can be purchased either independently when a vehicle is purchased or in combination with a leasing or financing agreement. Customers can purchase the insurance directly from their Mercedes-Benz dealer. A 15% discount is applied when the eVan insurance is issued.
Federal government announces $55 million in financing to enable car dealers and leading car rental firm to accelerate the transition to electric vehicles. The post Bowen announces $55m package to get another 23,000 EVs on the road appeared first on The Driven.
The new joint offer from Nuvve and Blue Bird is available through Blue Bird’s national dealer network who can provide assistance to districts through the entire electric bus implementation process, including financing of the buses chargers, installation support, fleet management services, and V2G services.
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