VL Automotive, a Detroit venture backed by former General Motors’ vice chairman Bob Lutz, is moving ahead with plans to convert Fisker Karmas from hybrid power to Corvette power.
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U.S. to resume alternative-vehicle loan program
A U.S. alternative-vehicle loan program criticized by Republican lawmakers for financing two failed start-ups will resume marketing to industry groups and possible applicants, an Energy Department spokeswoman said.
Renault, Dacia expanding into online car sales
The Renault and Dacia brands plan to aggressively expand their online car sales, taking advantage of a trend in vehicle retailing that is expected to grow rapidly this decade. The Dacia Store and Renault Retail Group online shopping portals could be available to customers in all European markets by the end of 2014, the automakers said.
