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Ally provides $2 billion in financing to Carvana

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Ally Financial is tripling its bet on one of the auto industry’s disrupters by committing $ 2 billion to finance retail contracts for online used-vehicle retailer Carvana over the next year. Automotive News Breaking News Feed

Tesla seeks $1.5 billion to fund Model 3 production

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Tesla intends to raise about $ 1.5 billion in a bond offering as it seeks to fund the production of the Model 3. Automotive News Breaking News Feed

Takata could pay $1 billion in faulty airbag settlement

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Filed under: Government/Legal,Ownership,Recalls,Auto Repair,Safety,United States There are 11 deaths in the US linked to faulty Takata airbags. Continue reading Takata could pay $ 1 billion in faulty airbag settlement Takata could pay $ 1 billion in faulty airbag settlement originally appeared on Autoblog on Wed, 28 Dec 2016 17:45:00 EST. Please see our terms for use of feeds. Permalink |  Email this |  Comments Autoblog Government/Legal

New truck regulations will save two billion gallons of oil

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Filed under: Government/Legal,Green,Emissions,Fuel Efficiency,United States The new standards go into effect in 2021 for trucks and vans. Continue reading New truck regulations will save two billion gallons of oil New truck regulations will save two billion gallons of oil originally appeared on Autoblog on Thu, 18 Aug 2016 18:30:00 EDT. Please see our terms for use of feeds. Permalink |  Email this |  Comments Autoblog Government/Legal