SANTA ROSA, Calif. -- U.S., Electricar, a producer of electric vehicles, said it has formed a finance company, Electricar Credit Corp.

The subsidiary will provide four categories of financing: sedans and light pickup trucks to utilities, governments and businesses; buses to transit authorities, schools, and airports; inventory and showroom floor models for U.S. Electricar's industrial-vehicle dealer network; and sales to the dealers' customers.

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