Recent reports have surfaced that suggest Mazda is currently on the market for funding to the tune of $1.1 billion to help speed up their hybrid vehicle development.

To secure this funding Mazda will be issuing 96.8 million treasure shares and 315.2 million new shares and then reinvest the collected money back into their company. In addition to hybrid development, Mazda will be looking at other environmentally friendly technologies to help power their cars and get back into the green movement game.

Will it work? Only time will tell.

Read (Reuters)

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It seems that the government isn’t done lending out money just yet as it was recently announced that they have lent half a billion dollars to Fisker Automotive for work on their forthcoming plug-in hybrid vehicles.

Fisker reportedly has two plug-in hybrids in the works; a $90,000 one entitled the Karma (pictured above) and the much more reasonably priced Nina at $40,000. There’s no telling when the Karma is set to hit the road but with this new round of goverment funding Fisker hopes to have the Nina in the hands of consumers by 2012.

Even better, Fisker hopes that with the introduction of the Nina will come up to 5,000 new jobs, something this country desperately needs.

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Back in June we were met with reports of GM eyeing potential buyers for their Opel brand. Now, reports have begun circulating that GM is considering keeping the brand, but not without proper funding.

In fact, GM says they will need to raise $4.3 billion if they plan to keep Opel, something that seems unlikely to happen considering they only just came out of bankruptcy.

Of course, this doesn’t completely rule out the possibility of the automaker selling off Opel however what will actually happen remains a mystery. We’ll have to wait and find out.

via wcf

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