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Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Motor industry backs EU membership

MOTOR MANUFACTURERS have given strong backing for the UK staying in the European Union, citing benefits including business links and free movement of labour. A survey by the Society of Motor Manufacturers and Traders (SMMT) showed that 92% of automotive firms believed that staying in the EU would be best for their business, although most wanted to see reforms. The SMMT said its study showed how EU membership benefited the industry, such as access to a single market and funding for research and development.

Bentley SUV to show at Beijing unchanged

Bentley SUV to show at Beijing unchanged Despite a less than overwhelming endorsement at Geneva, Bentley are planning to take their SUV concept to the Beijing Motor Show unchanged. It does make sense for Bentley to build an SUV. But does it make sense for them to put the SUV concept from this year’s Geneva Motor Show in to production as it is?