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GM Restructuring: HUMMER Buyer, 300M Draw for Opel

Green Car Congress

has entered into a memorandum of understanding (MoU) with a buyer for HUMMER. As part of the proposed transaction, HUMMER will continue to contract vehicle manufacturing and business services from GM during a defined transitional time period. billion bridge financing agreement with the German government. General Motors Corp.

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Required Reading: Tesla Motors' Martin Eberhard Testifies

Plugs and Cars

Martin Eberhard, Tesla Motors CEO, testified at the Senate Finance Committee yesterday. And he suggests turning the perverse federal incentives that brought us the Hummer on their head. Tags: martin eberhard electric cars hummer tesla motors. In a succinct presentation, he makes the case for electricity.

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All the EVs (and PHEVs) you can buy with 0% financing in February 2025

Baua Electric

If that sounds like you, and youve been waiting for the interest rates on auto loans to drop, youre in luck: there are a bunch of great plug-in cars you can buy with 0% financing this February! The Chevrolet website is currently showing 0% financing for up to 60 months on all three of its Ultium-based EVs and theyre all winners.

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All the EVs (and PHEVs) you can buy with 0% financing in February 2025 [Updated]

Baua Electric

If that sounds like you, and youve been waiting for the interest rates on auto loans to drop, youre in luck: there are a bunch of great plug-in cars you can buy with 0% financing this February! The Chevrolet website is currently showing 0% financing for up to 60 months on all three of its Ultium-based EVs and theyre all winners.

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Mullen secures $150 million financing deal, production Bollinger is a go

Baua Electric

Mullen received a $100 million financing commitment from an undisclosed family office and sold an additional $50 million of senior secured convertible notes to both family offices and high net worth investors. The post Mullen secures $150 million financing deal, production Bollinger is a go appeared first on Bauaelectric Auto News.

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GM CEO Barra leans on price parity to take out Tesla in race to EV superiority

Teslarati

Finance earlier this week. “We Its GMC Hummer EV offers high-powered luxury functionality, but GM has struggled with getting it to customers. Ultimately, Barra plans to be out-manufacturing and out-selling everyone, including Tesla, by the mid-2020s. “We’re taking all the steps to do it,” Barra said on Yahoo!

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The 2024 GMC Sierra EV’s lease price will give you sticker shock

Baua Electric

Photo: GMC Based on the latest incentive data, the 2024 GMC Sierra EV lease price costs nearly twice as much as GMC’s HUMMER EV. That’s equivalent to an interest rate of 8.18%, slightly higher than the HUMMER EV ‘s 8.06% rate. That’s 23% less than the HUMMER EV’s residual value of 76%. A money factor is expressed as a decimal.

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