Saab's Russian Salvation Approved by Sweden
28 Apr 2011, 14:10 UTC · By: Daniel Patrascu / Finally, a break for the automaker that has striven so much in recent years to save itself from GM's bankruptcy, the crisis and evil suppliers: the Swedish National Debt Office announced it wil...
Saab Faces Problems Concerning Property Sale
26 Apr 2011, 15:01 UTC · By: Cosmin Voicu / Saab’s efforts to sell a part of its property to Russian banker Vladimir Antonov have reached rough waters, as the European Investment Bank (EIB) recently made some new requests, according to ...
Saab on Track to Sale Property
21 Apr 2011, 11:31 UTC · By: Daniel Patrascu / With the production of vehicles still hindered by the debt Saab has to its suppliers, the car maker is rushing to save what it can and is going through tremendous pain to convince both Sweden and th...
Volvo Borrows from the EIB
23 Dec 2010, 09:24 UTC · By: Daniel Patrascu / The Swedish manufacturer acquired earlier this year by Chinese manufacturer Geely is continuing to borrow money from financial institutions, saying that by doing so it secures jobs at its existing f...
PSA Gets EUR200M Loan for Diesel PHEV
19 Jul 2010, 10:22 UTC · By: Daniel Patrascu / French group Peugeot Citroen announced today it has signed a loan agreement with the European Investment Bank (EIB) through which it will receive EUR200 million for the development of plug-in hybrid...
Ford Gets UK Loan Guarantee
12 Jul 2010, 12:18 UTC · By: Daniel Patrascu / The British business minister, Mark Prisk, signed today the loan guarantees the British government will give for the carmaker's 450 million pounds loan from the European Investment Bank (EIB). ...
Opel Asks EIB for Money
13 Jun 2010, 13:50 UTC · By: Daniel Patrascu / After last week the German government decided not to give carmaker Opel €1.1 billion (US$1.2 billion) in loan guarantees needed for the reorganization process, the manufacturer has now turned ...
Ford to Invest $2.2 billion in UK Green Development
18 Mar 2010, 14:40 UTC · By: Andrei Tutu / Ford has elaborated a complex UK business expansion plan: the company will invest $2.2 billion in its four UK sites over the next five years after obtaining a $550 million Government loan guarantee....
EIB Green Lights Saab Loan
15 Feb 2010, 20:12 UTC · By: Daniel Patrascu / The final hurdle in the sale of GM's Swedish brand Saab to Spyker has been removed, as already hinted, after the European Investment Bank (EIB) approved a 400 million euros loan for the Swedish...
GM Sells Saab to Spyker
27 Jan 2010, 07:44 UTC · By: Bogdan Popa / After months of negotiations, General Motors finally confirmed that it will sell Saab to Spyker but refused to disclose any terms of the deal. The two companies signed a binding agreement which will...
EU Approves Ford Romania 400M Euro Loan
13 Nov 2009, 16:25 UTC · By: Daniel Patrascu / The European Union Commission gave the green light to Ford's Romanian operation attempt to secure an European Investment Bank (EIB) loan for the development of low-CO2 engines and for vehicle p...
Koenigsegg Won't Give Up Saab Acquisition
28 Sep 2009, 06:28 UTC · By: Bogdan Popa / Swedish sports car manufacturer Koenigsegg won't pull out of the Saab deal, an official of the company said, in spite of statements that the company might give up if negotiations for loans from...
EIB Approves €3bn for French Manufacturers, Renault Gets €400mn
30 Mar 2009, 12:57 UTC · By: Bogdan Popa / The European Investment Bank (EIB) has approved the 3 billion euros for the French automotive sector, with Renault to receive up to 400 million in state aid. As we told you in February, the funds ar...
VW Receives 2 Billion Euro Credit
19 Feb 2009, 19:01 UTC · By: Bogdan Popa / Volkswagen today received 2 billion euros (approximately $2.5 billion) of credit guarantees from the German government. The money are sourced from the German government's bank rescue fund and w...
EIB Gives Automakers 7 Billion Euros
18 Feb 2009, 16:11 UTC · By: Bogdan Popa / The European Investment Bank (EIB) has just approved a 7 billion euros ($8.9 billion) loan package for ailing automakers who are seeking for funds to continue green cars development. According to Re...
Nissan Demands Financing from the European Investment Bank
18 Feb 2009, 13:11 UTC · By: Bogdan Popa / Just like many other automakers who saw their sales going down and the cost-cutting measures they applied partially inefficient, Nissan today called for support from the European Investment Bank, po...
Suppliers Require 10 Billion Euros in Loans from the EIB
16 Feb 2009, 14:13 UTC · By: Bogdan Popa / While several European car manufacturers have already received funds from their domestic governments, suppliers are still in a desperate situation and ask the European Investment Bank to provide no ...