Fleet Financials Top News

WASHINGTON - The U.S. Department of Energy (DOE) has selected nine projects totaling more than $187 million to improve fuel efficiency for heavy-duty trucks and passenger vehicles.

Tags: DOE, fuel, funding

RALEIGH, NC - Federal funds would also allow Progress Energy to invest in some additional public infrastructure for plug-in electric vehicles to encourage faster adoption in service territories.

Tags: funding, grant, Progress Energy

GEORGETOWN, TX - The funds will be used to establish more than 100 state-of-the-art liquid propane (Autogas) refueling stations in major U.S. cities in coordination with CleanFUEL USA partners, including ConocoPhillips.

Tags: CleanFUEL USA, Department of Energy, DOE, funding, Propane, stimulus grants

SANTA ROSA, CA - ZAP will use a portion of the funding to pursue longer-term contract production and assembly commitments, and to accelerate deliveries of trucks and vans to fill current fleet and government orders.

Tags: funding, ZAP

NEW YORK - The Norwegian Think Global battery carmaker could emerge with new funding (and a plan to sell EVs in the U.S.) by the end of August, said the company's battery partner Ener1.

Tags: battery carmaker, Ener1, funding, Norwegian Think Global

MT. LAUREL, NJ – PHH Corporation announced today the successful closing of $1.0 billion of funding through Chesapeake Funding LLC.

Tags: Chesapeake Funding LLC, funding, PHH Corporation

MT. LAUREL, NJ – PHH Corp. announced that lenders agreed to new terms on its debt, reducing the capacity of a series of notes from $3.9 billion to $3.5 billion.

Tags: debt, funding, PHH Corporation, terms