AM General Buys CNG Taxi Maker VPG

The builders of the original military and civilian Hummers, AM General, has shown little interest in alternative fuels before, but the military contractor has just acquired the Vehicle Production Group, makers of the MV-1 CNG-powered taxi.

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Government ATVM Green Loan Program Restarts

2012 was a year of political football for American automakers new and old, with Republicans and Democrats punting GM, Tesla, and Fisker back-and-forth before the presidential election. It got so bad that President Obama put a temporary hold on the Advanced Technology Vehicle Manufacturing green loan program, but that hold has been lifted and applicants are encouraged to apply once again.

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Tesla Motors On Track To Repay DOE Loan

Tesla Motors shares increased after it announced a decision to offer stock and notes in an $830 million deal that will enable it to repay its debt to the US government earlier than planned. Things are looking better than ever for the electric automaker.

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Fisker Layoffs Result In Federal Lawsuit

Know how on Friday Fisker fired 75% of its workforce without any prior warning and no severance package? Turns out you can’t do that in the state of California. Fisker Automotive now faces a Federal lawsuit seeking 60 days wages for all the affected employees.

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