Saab Secures EUR25M Loan, Hopes to Restart Production Within 2 Weeks
30 Jun 2011, 09:24 UTC · By: Alina Dumitrache / It looks like the first sunrays shine again on Saab’s street, as Swedish Automobile - the company who owns the Swedish auto brand - announced today it has entered into a EUR25 million converti...
Auto Loans Late Payments Lowest Recorded
31 May 2011, 18:33 UTC · By: Daniel Patrascu / As if trying to play down the fears that the relaxation of loans will soon lead to another crisis, similar to the subprime mortgage one of 2009, the numbers referring to the number of people who are...
Fiat Wants More of Chrysler
28 May 2011, 10:48 UTC · By: Daniel Patrascu / After helping American manufacturer Chrysler repay its debt to the American and Canadian government, Italian group Fiat has begun its next offensive, meant to insure that it gets full control of the...
Chrysler Repays Government Loans
25 May 2011, 05:05 UTC · By: Daniel Patrascu / Just as announced ever since Monday evening, American manufacturer Chrysler signed all the required paperwork today to free itself from the huge government debt it had since 2009. With the help of a...
Chrysler Raises the Money to Repay Government Loans
20 May 2011, 09:24 UTC · By: Daniel Patrascu / At the end of April, American manufacturer Chrysler announced that it has managed to secure new term loan facility that, combined with the money to be paid by Fiat in exchange for an increase of its...
Chrysler to Repay Government Loans in Q2 2011
28 Apr 2011, 12:41 UTC · By: Daniel Patrascu / A little slower than its brother in bankruptcy, GM, American manufacturer Chrysler announced on Thursday it had secured a new term loan facility that would allow it, combined with the extra money co...
Marchionne Feels Ripped Off on Government Loans, Apologizes
7 Feb 2011, 15:03 UTC · By: Daniel Patrascu / Shyster, that was the word chosen by Fiat and Chrysler's CEO, Sergio Marchionne, to describe the government loans the American manufacturer received since 2009 as a survival kit. In other words...
Eighth Wonder of the World: GM Withdraws Federal Loan Application
28 Jan 2011, 08:46 UTC · By: Daniel Patrascu / GM detractors, eat your hearts out! Here's proof that, despite what some of you (including us) might have thought about the GM federal money sinkhole, GM is not going after your taxers with all...
Coskata Gets US Loan Guarantee for Biorefinery
21 Jan 2011, 07:06 UTC · By: Daniel Patrascu / Being a biofuel manufacturer these days certainly pays off, especially during this exciting time when the race for an alternative to fossil fuels is more engaging than ever. One of the biggest such ...
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...
Volvo Gets EUR198M Loan from ING
13 Dec 2010, 18:40 UTC · By: Daniel Patrascu / Swedish manufacturer Volvo announced today it has signed a loan agreement with the Belgium unit of ING, a deal which will see the bank give the carmaker an EUR198 million ($262 million) loan. Th...
BMW Received Funds from the US Federal Reserve
2 Dec 2010, 15:51 UTC · By: Bogdan Popa / Just like other carmakers who were desperately looking into ways to boost liquidity during the harshest period of the crisis, BMW had to contact the US authorities to receive financial backing in th...
Chevrolet Confident GM Will Pay Debts Soon
2 Dec 2010, 11:10 UTC · By: Bogdan Popa / Since the recent sales figures have shown a major recovery for US-based carmaker General Motors, Chevrolet believes the parent company will be able to pay its debts in the near future. The $50 billi...
Renault Could Lose F1 Team to Lithuanian Bank
27 Oct 2010, 08:07 UTC · By: Ovidiu Panzariu / Lithuania doesn't have a future in motor racing – as a matter of fact, it doesn't have a present or a past – but it soon might gain control over a Formula One team through lead...
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 Gives Up Asking for Loans, GM to Fund It
17 Jun 2010, 06:34 UTC · By: Daniel Patrascu / In a somewhat surprising statement released yesterday, German carmaker Opel said it will no longer try to secure government loan guarantees from European governments and will, from now on, deal with...
GM Deceptively Advertised Loan Repayment
5 May 2010, 09:45 UTC · By: Daniel Patrascu / The source of the money GM used to repay the US loan last month is no longer a secret. As the US Treasury admitted, the carmaker did nothing but take money from US' right pocket and put it into...
GM Repaid the US with US' Own Money, Senator Says
23 Apr 2010, 07:38 UTC · By: Daniel Patrascu / The five-year-ahead-of-schedule repayment of the federal loans received by GM last year has stirred, aside from the official "we're very pleased" position adopted by government offici...
American Automotive Policy Council Pleased with GM Loan Repayment
22 Apr 2010, 13:19 UTC · By: Daniel Patrascu / After yesterday GM announced the payment of the full loan received last year from the US and Canada, several automotive industry players have expressed their satisfaction with the way in which GM ha...
US Pleased with GM's Loan Repay
22 Apr 2010, 12:19 UTC · By: Daniel Patrascu / As we told you yesterday, American manufacturer GM announced it will repay the US and Canadian governments the loans received last year as part of the bailout effort for the automotive industry. The...