GM Repays $5.8 Billion to US, Canada
21 Apr 2010, 06:51 UTC · By: Daniel Patrascu / As hinted since the beginning of this week, American manufacturer GM announced, through the voice of its CEO, Ed Whitacre, that it has repaid the remaining $5.8 billion to the U.S. Treasury and Expo...
GM to Repay US Loan in Full this Week
20 Apr 2010, 10:50 UTC · By: Daniel Patrascu / Who would have thought... ? According to sources close to GM's CEO, Ed Whitacre, the loans secured by the American manufacturer from the US and Canada last year to help it survive Chapter 11 pr...
GM to Repay Loan in Full This Year
26 Mar 2010, 08:09 UTC · By: Daniel Patrascu / In a news which will somewhat upset those hoping GM will not be able to repay the loans it received last year from the US government, the company's (still) CEO Ed Whitacre announced yesterday t...
GM on Track to Pay Govt. Loans Before June
11 Mar 2010, 10:32 UTC · By: Bogdan Popa / One of the most important tasks for General Motors is now to pay back the government loans it received in both the United States and Canada, while forcing to re-become competitive and refresh the pr...
Mercedes-Benz do Brazil to Increase Production
8 Mar 2010, 14:20 UTC · By: Alex Vasile / Mercedes-Benz has just announced that it signed a contract with the Brazilian bank Banco Nacional de Desenvolvimento Económico e Social (BNDES) for a loan in the amount of R$ 1.2 billion (rou...
State Governments to Discuss Opel Aid
23 Feb 2010, 07:59 UTC · By: Bogdan Popa / General Motors has already stated that it needs 2.7 billion Euros to restructure Opel but governments across Europe, including Germany, are yet to make a decision on the matter. However, according t...
Spyker Raises an Extra $25 Million for Saab
9 Feb 2010, 15:16 UTC · By: Daniel Patrascu / After earlier today news came that the European Commission approved the Swedish state loan guarantees for Saab, the company which bought GM's last standing bad asset announced it has managed to...
European Commission Approves Saab Loan Guarantee
9 Feb 2010, 09:00 UTC · By: Bogdan Popa / The European Commission finally approved the Swedish state loan guarantees for Saab, which basically means that Spyker, the new owner of the Swedish brand, can now continue work on the restructuring...
Nissan Receives $1.4B Loan to Produce the LEAF in NA
29 Jan 2010, 08:49 UTC · By: Alina Dumitrache / The US Department of Energy announced yesterday it has approved a $1.4 billion loan to Nissan North America to allow the carmaker to produce the Nissan LEAF vehicles and the lithium-ion battery pack...
Ford Romania to Build Low CO2 Engine with EU Money
21 Jan 2010, 15:05 UTC · By: Alina Dumitrache / Ford Romania plans to invest 400 million euro this year in its factory based in Craiova (southern Romania), money which are loaned from the European Investment Bank (EIB). The agreement was signed t...
Carbon Motors Gears Up...
13 Jan 2010, 08:34 UTC · By: Daniel Patrascu / Carbon Motors, the producers of what will soon become the single purpose-built police vehicle, announced today the City of Connersville took legal possession of the site which will become the Carbon...
GM Repays First $1 Billion
21 Dec 2009, 07:48 UTC · By: Daniel Patrascu / Tax payers fearful of GM's intention to repay its 2009-acquired debt have been somewhat made at ease with the announcement the carmaker has kept its promise (made by its former CEO, Fritz Hende...
AvtoVAZ Receives Sberbank Loan
14 Dec 2009, 10:05 UTC · By: Bogdan Popa / As part of its efforts to survive the crisis and start its much-debated shake-up, AvtoVAZ managed to secure a $228.6 million bridge loan from Russian state-controlled bank Sberbank. The money will b...
GM Expects Germany to Provide Support
7 Dec 2009, 09:58 UTC · By: Bogdan Popa / General Motors is still holding talks with involved governments and, even if more and more rumors are claiming that Germany does not intend to provide money to the US-based manufacturer, the company...
GM Doesn't Qualify for German State Aid
27 Nov 2009, 08:05 UTC · By: Bogdan Popa / General Motors is not eligible to receive state aid under the Germany Fund programme that provides financial backing to companies trying to deal with the crisis. At least, this is that a German gove...
UK Promises Cash to GM
26 Nov 2009, 10:27 UTC · By: Bogdan Popa / The United Kingdom is ready to provide financial support to General Motors if the company is willing to maintain local operations and not cutting too deep into British workforce. Lord Mandelson told...
GM: Opel Shake-Up Won't Work Without State Aid
25 Nov 2009, 11:16 UTC · By: Bogdan Popa / General Motors is currently working on Opel's restructuring plan and, even if it caused the anger of several officials after scrapping the sale to Magna International, the US-based manufacturer...
Senator McCain: Chrysler Won't Make It!
19 Nov 2009, 13:31 UTC · By: Bogdan Popa / Senator John McCain, the 2008 Republican presidential candidate, continues to talk about the US auto sector in a pessimistic manner and thinks that Chrysler, who received around $15 billion in state...
US Won't Intervene in GM - EU Countries Talks
19 Nov 2009, 08:20 UTC · By: Bogdan Popa / General Motors decided to keep Opel and try to reorganize the brand on its own but the decision only led to an avalanche of criticism from German officials who saw their efforts biting the dust afte...
GM Still Far from German Money
17 Nov 2009, 08:48 UTC · By: Bogdan Popa / General Motors is now struggling to raise the needed money to start restructuring Opel but the company is far from getting support from Germany, whose officials felt outraged with its decision to ke...