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The Federal Reserve voted unanimously to maintain the target range for the federal funds rate at 1.5% and 1.75% on Wednesday, but hinted at a possible rate hike in June with inflation creeping closer to its 2% goal.

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ZAP Secures up to $25 Million in New Financing

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.

Think Global EV Company Says New Funding Likely

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.

GM Asks U.S. Gov't for Funds to Build Hybrids

DETROIT – General Motors Corp. has asked for $2.6 billion of low interest government loans to support the development of three new hybrid vehicles, according to a business plan update released April 1.

PHH Funding Terms Revised

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.

Analyzing Depreciation Trends: 2007 vs. 2006

Depreciation continues to be the largest fleet expense; however, fuel, as a percent of total fleet cost is growing (rapidly). Fuel expense is influencing vehicle acquisition strategies, with a direct bearing on future depreciation.