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Stories about: loan

GM Receives Second $5.4 Billion Installment
GM Receives Second $5.4 Billion Installment

23 Jan 2009, 09:33 UTC · By: Bogdan Popa / General Motors has received the second payment of its $13.4 billion loan approved by the United States government last December, officials of the American automaker confirmed today. GM yesterday sai...

 
GM Says It Could Run Out of Cash by March 31
GM Says It Could Run Out of Cash by March 31

22 Jan 2009, 09:04 UTC · By: Bogdan Popa / General Motors is making the headlines once again, as it recently said it may run out of cash as soon as March 31 in case it doesn't receive the second loan payment from the US government. The ...

 
Linamar CEO Asks for Government Aid for Auto Suppliers
Linamar CEO Asks for Government Aid for Auto Suppliers

21 Jan 2009, 11:57 UTC · By: Madalina Iancu / Following up a logical chain, since the current financial crisis is affecting automakers across the world, it's no wonder that these terrible economic conditions have an impact on auto-parts ma...

 
Aston Martin Says It May Leave Its Bank Covenants
Aston Martin Says It May Leave Its Bank Covenants

20 Jan 2009, 10:45 UTC · By: Madalina Iancu / Even if Aston Martin claims it faces no immediate financial problems being better placed than its rivals as the chairman of the company reported, its actions are a little bit contradictory to their ...

 
Chrysler Receives $1.5 Billion from the US Department of Treasury
Chrysler Receives $1.5 Billion from the US Department of Treasury

19 Jan 2009, 15:05 UTC · By: Bogdan Popa / US-based automaker Chrysler announced on January 16 that it has received access for up to $1.5 billion in loans from the US Department of Treasury's Troubled Asset Relief Program, also known as...

 
More Support for the French Automakers
More Support for the French Automakers

14 Jan 2009, 15:51 UTC · By: Madalina Iancu / When private businesses fail, run out of money, the government takes the limelight... As we reported earlier, French auto industry is not doing good at all and, for the moment, the government is the...