Archive for the ‘April’ Category

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Today Fisker Automotive announced they're inches away from receiving $85 million in venture capital funding to help complete development and bring to production the 2009 Fisker Karma plug-in hybrid electric sports sedan.

Sources of new financing are New York's Eco-Drive Partners, California-based VC capitol firm Kleiner Perkins Caufield and Byers, and an as-yet-named European-American investment consortium. Said CEO Henrik Fisker: "this investment is a strong endorsement of our business model and future product offerings in a challenging business...

Today General Motors unveiled its "GM Total Confidence" customer protection program. The plan may be accessed in the first 24 months of vehicle ownership.

Details include up to nine consecutive monthly payments of up to $500 on vehicle loans or leases any time within the first 24 months of ownership. If owners/lessees make it halfway through their financing contract on a GM vehicle, they quality for 'Vehicle Value Protection,' which is a form of insurance to keep vehicle value at a certain level upon trade in (but only on another GM vehicle). A 5 year/100,000 mile transferable powertrain warranty, roadside assistance, and courtesy...

While GM and Chrysler ask the Federal government for more money, Ford is offering to lend it to  buyers who purchase any one of their new products. Offering up to 12 months of car payments for new Ford owners who lose their jobs, Ford's new Advantage Plan quadruples Hyundai's Assurance Plus Program.

The deal will provide up to 12 months of payments up to $700, takes effect today, and runs through June 1. Ford Motor Credit will also be extending zero percent financing for qualified buyers of select Ford, Mercury, and Lincoln vehicles.

For also says a charity program, in partnership with its dealers nationwide, will be coming in April. Their...