Opel to Keep 300M Euros as Backup Funds
30 Jun 2009, 11:58 UTC · By: Bogdan Popa / With some voices hinting that Magna might fail to takeover Opel, the German brand is still relying on the 1.5 billion loan it received from the local government. And given the current rumors that th...
Ford on the Way to Profit, Records Increasing Demand
29 Jun 2009, 07:19 UTC · By: Bogdan Popa / Ford, who has just received $5.9 billion in US loans for advanced vehicle technologies, says the company is performing better in the domestic market and, as a result of increasing demand, it plans t...
Nissan Confirms First US Electric Car by 2010
24 Jun 2009, 09:18 UTC · By: Bogdan Popa / Following the $1.6 billion loan received from the United States Department of Energy, Nissan once again confirmed its plans to launch electric cars in the country, emphasizing that the funding packa...
Ford Satisfied with US Loan
24 Jun 2009, 08:10 UTC · By: Bogdan Popa / After the United States Department of Energy announced the $8 billion loan approved for the Clean Three (Ford, Nissan and Tesla Motors), the involved automaker started praising the government's...
Ford, Nissan, Tesla Granted $8 Billion by US DoE
24 Jun 2009, 07:02 UTC · By: Bogdan Popa / The Obama Administration announced today, confirming yesterday's rumors, it has approved an $8 billion package to support automakers continue their green efforts and develop new technologies th...
Ford, Nissan, Tesla to Get $8bn US Loan
23 Jun 2009, 14:27 UTC · By: Bogdan Popa / Ford, Nissan and Tesla Motors are expected to receive a $8 billion loan from a $25m fund the United States government, in an attempt to support the automakers continue their efforts in the green car...
Porsche Re-Applies for State Loan
23 Jun 2009, 08:12 UTC · By: Daniel Patrascu / After at the end of the last week German manufacturer Porsche was denied access to a state guaranteed loan, the company has today re-applied to state controlled KfW bank for the badly needed 1.75 bi...
£25m Electric Car Scheme Launched in the UK
23 Jun 2009, 07:42 UTC · By: Bogdan Popa / Governments across the world are still keen on helping local automakers to concentrate their efforts on electric and hybrid cars, so new incentives, tax breaks or new schemes tend to become a common...
Nissan to Build EVs in the US
22 Jun 2009, 08:14 UTC · By: Daniel Patrascu / Japanese manufacturer Nissan plans to shift its future production of both its electric vehicles and the batteries required for them to the United States, as low-interest loan rates for green vehicle...
Porsche Denied State, KfW Loan
20 Jun 2009, 12:01 UTC · By: Daniel Patrascu / Things seem to go from bad to worse for German luxury manufacturer Porsche. Having to face a 9 billion euro debt, the company has received a blow below the belt today, as German Foreign Minister and...
Porsche CEO Corners Board Members
19 Jun 2009, 09:01 UTC · By: Daniel Patrascu / A type of civil war has started these days within German sports car manufacturer Porsche, as the company is yet to solve its financial problems. Porsche's CEO, Wendelin Wiedeking has stepped up...
EU Approves 500 Million Euro Loan for Volvo
5 Jun 2009, 14:09 UTC · By: Bogdan Popa / Swedish automaker Volvo has just received a 500 million euro loan from the European Investment Bank which will allow the company to continue its green efforts and finance a project to develop low-em...
GM Granted $70 Million Loan in Argentina
5 Jun 2009, 13:41 UTC · By: Bogdan Popa / Living under bankruptcy protection in the United States, General Motors continues restructuring all over the world, with governments asked to provide financial support as soon as possible. Argentina...
Saab Has Enough Money until Prince Charming Arrives
5 Jun 2009, 07:43 UTC · By: Bogdan Popa / Saab is getting more desperate with every day, as the company screams for help and waits for an outside investor that could keep it in business. But even so, a Saab spokesman said the Swedish automa...
Porsche to Apply for 1.75Bn Euro Loan
4 Jun 2009, 07:54 UTC · By: Bogdan Popa / Although the company's officials repeatedly said Porsche is not going to apply for government loans, it might seem the German manufacturer will indeed ask for 1.75 billion euros from the German...
The Porsche Wars: It's All About the Money
26 May 2009, 09:48 UTC · By: Daniel Patrascu / ...or should we say about borrowing money from the enemy. The fight between Volkswagen and Porsche has taken another turn today, as the sports car manufacturer admitted it borrowed 700 million euro ...
US Gives GM Another $4 Billion Loan
25 May 2009, 08:30 UTC · By: Bogdan Popa / With a bankruptcy filing rumored to be announced as soon as this week, General Motors confirmed it received another $4 billion from the US Treasury, which raises the total loan it received in the Un...
Porsche Denies It Has Requested Government Funds
22 May 2009, 12:39 UTC · By: Bogdan Popa / German sports car manufacturer Porsche says it hasn't applied for government funds in the home country, despite a report claiming an application was already rejected by the officials. The news ...
Chrysler's Sale, On as Planned
21 May 2009, 12:54 UTC · By: Daniel Patrascu / The sale of Chrysler's assets to Fiat will continue, despite the opposition of several parties, including dealers, lenders and state or retiree pension funds. Today, a bankruptcy court rejected...
Five Bidders for Volvo, Geely Among Them. Or Not
7 May 2009, 14:52 UTC · By: Daniel Patrascu / Volvo may be in new hands by the end of June, according to inside sources cited by Autonews. Among them, the same sources claim that Chinese manufacturer Geely is among the five remaining bidders. ...