Jaguar Land Rover Loan from GE Capital is Official
17 Nov 2009, 08:35 UTC · By: Alex Vasile / As you might recall, Financial Times newspaper predicted yesterday that Jaguar Land Rover was about to announce that it had secured 170 million pounds ($285.5 million) in working capital from GE Cap...
GM Pays 200M Euro Opel Loan Tranche
17 Nov 2009, 08:13 UTC · By: Bogdan Popa / General Motors paid last week another tranche from the Opel loan it received back in June to keep the company alive, company representatives said in a statement. The German government agreed during ...
Jaguar Land Rover to Get GE Capital Working Loan
16 Nov 2009, 10:57 UTC · By: Alex Vasile / According the the Financial Times newspaper, Jaguar Land Rover is about to announce that it has secured 170 million pounds ($285,5 million) in working capital from GE Capital. The loan is for a five...
Germany Might Reject GM's State Aid Request
12 Nov 2009, 09:29 UTC · By: Bogdan Popa / General Motors, who's now planning to convince the German government and other officials across Europe to support the Opel restructuring process, might face serious problems trying to do this, ...
GM's Ace Up Its Sleeve: Less Government Support
9 Nov 2009, 09:12 UTC · By: Bogdan Popa / Back in the summer, when General Motors was deeply involved in Opel sale talks with Magna International and RHJ International, the US-based manufacturer backed the latter because it involved less go...
GM Will Pay Back German Opel Loan
4 Nov 2009, 11:43 UTC · By: Bogdan Popa / Now that General Motors decided to keep Opel, the German government is screaming loud and clear that it wants its money back. Germany previously loaned 1.5 billion euro to General Motors to keep Ope...
Russia Agrees with $1.88 Billion for AvtoVAZ
4 Nov 2009, 10:55 UTC · By: Bogdan Popa / AvtoVAZ, the Russian carmaker who's now living on the verge of collapse, will receive a new state loan package, this time amounting to 548 billion rubles (approximately $1.88 billion). The Russ...
No Need for More Govt Money, Says GM CEO
3 Nov 2009, 11:27 UTC · By: Bogdan Popa / GM's CEO Fritz Henderson says the US-based manufacturer doesn't need more money from the government of the United States as the initial loan packages are sufficient for restructuring. In a...
Austria, Poland to Grant Opel Financial Aid
19 Oct 2009, 08:15 UTC · By: Bogdan Popa / Poland and Austria are ready to provide financial support to Opel, Germany Economy Minister Karl-Theodor zu Guttenberg said on Friday. Furthermore, the two countries have already made written commit...
Germany Confident About UK Opel Loan
15 Oct 2009, 06:58 UTC · By: Bogdan Popa / Magna expects to get the final signature for Opel today but, before reaching this milestone, the involved parties have to talk about the loan packages to be offered by countries hosting Opel plants....
AvtoVAZ Might Cease Shares to Erase Debt
14 Oct 2009, 09:40 UTC · By: Bogdan Popa / AvtoVAZ is currently in a desperate situation and, as far as the Russian government is concerned, the company should try anything that's possible to stay in business. The last idea is to allow ...
Germany Approves $4.5Bn Euro Loan for Magna
12 Oct 2009, 09:09 UTC · By: Bogdan Popa / A government panel agreed with the 4.5 billion euro ($6.6 billion) state loan guarantee to be provided to Magna International, with no objections from officials from the chancellery, economy and fin...
Opel Aid to Be Discussed Today
9 Oct 2009, 13:26 UTC · By: Bogdan Popa / Representatives of the German government and officials of other countries hosting Opel plants will meet today in Berlin to discuss the loan packages to be offered in support of the restructuring pro...
Magna, UK Govt to Start Vauxhall Funding Talks
5 Oct 2009, 13:14 UTC · By: Bogdan Popa / The British government representatives will meet with Magna officials this week to discuss the require funding to support Vauxhall. Business Secretary Peter Mandelson said today in Tokyo that the Un...
Russia Getting Opel Funds Concerns Rise
14 Sep 2009, 11:01 UTC · By: Bogdan Popa / General Motors last week announced that it will sell a 55 percent of Opel to Magna International and the Canadian - Austrian can already start planning the future. The first major step is receiving ...
Toyota Expands in China
4 Sep 2009, 12:33 UTC · By: Daniel Patrascu / Japanese manufacturer Toyota is trying to capitalize on the booming Chinese economy and announced plans to expand its business in the country. The first step to be taken by Toyota is to expand its c...
Nissan's Smyma to Cost $1 Billion
8 Jul 2009, 12:54 UTC · By: Daniel Patrascu / Japanese manufacturer Nissan's plans to build electric vehicles in the United States will cost the company some $1 billion, money to be use for the construction of a new facility alone, a Nissa...
GM to Get Remaining $20 Billion Loan This Year
7 Jul 2009, 09:30 UTC · By: Bogdan Popa / As it gets ready for a new start and emerge from bankruptcy as a clean company, General Motors received yet another good news: the company will receive the final $20 billion in US funding this year,...
Dealers Can Apply for SBA Assistance
2 Jul 2009, 12:51 UTC · By: Daniel Patrascu / Finding themselves deserted by either Chrysler Financial or GMAC, the troubled US dealers finally get a good news, as they can now apply for the first federal program of loan guarantees for floor pl...
Porsche Backs Down on KfW Loan
30 Jun 2009, 14:17 UTC · By: Daniel Patrascu / Following last week's events, when German sports car manufacturer Porsche was denied a state backed 1.75 billion euro loan from German KfW bank, the company has today come to the decision they ...